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All Forum Posts by: Kalen Jordan

Kalen Jordan has started 31 posts and replied 144 times.

Post: Rental property teardown

Kalen JordanPosted
  • Austin
  • Posts 149
  • Votes 80

I just did a quick google search for cash flow properties in Missouri and found this one - it's advertised as a 22% return.

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I'm just curious what types of things you would point out as potential flaws with this property or questions to ask or things to look into.

I'm sure there are all the basic things like you would want to have a relationship with the broker and/or check references, look into the vacancy rates / unemployment rates of the neighborhood, etc.

I'd love to hear from people that have done a significant amount of rental property investment with property management.

I know that in theory you don't really have to deal with much since you're paying for property management, but I'm curious if the reality is different from the theory.

I'm sure it has everything to do with getting good tenants and good property management.  And if/when I invest in a property I would be planning on doing a ton of research to make sure that I pick a good pm / tenant.  And I'm sure even so my first time around I'd do some things wrong and learn some lessons.

But really what I'm wondering is once you become experienced in this and get to the point where you have 10 or 20 rental properties, and you have a good property management company and good tenants - how much of your actual time/energy are you spending dealing with things?

Post: Re-investing in your business vs. rental properties

Kalen JordanPosted
  • Austin
  • Posts 149
  • Votes 80

Hey there - I run a small software business and have been thinking about how to best re-invest some of the profits.

On the one hand, software/technology is probably a bit higher growth than real estate in general, and maybe I could see a higher ROI by re-investing in the business. But on the other hand, even if I could increase profits significantly from the business, it would just be getting taxed like crazy so I would still want to find a way to re-invest in some kind of retirement plan.

Also, I'm still in the process of solidifying some infrastructure that's necessary in order for me to re-invest in the business in terms of marketing.  And I like the idea of diversifying - technology changes significantly every 2 years, whereas real estate seems like a much more stable and predictable sector.

Curious if any of you guys have any thoughts on this?

Post: New member from Los Angeles area

Kalen JordanPosted
  • Austin
  • Posts 149
  • Votes 80

Hey there!

This is a really solid forum - thanks to the team that runs it!  Also been checking out the podcast a bit as well - very good.

I'm in the LA area.  Interested in buy and hold rental property investment - most likely properties outside of California in the $50k to $100k range to start.  

Purchased our first home back in 2007 just before the market crash - was able to hold onto the property for about 8 years then we ended up selling it and getting out of the market.

I run a small software business that's been doing pretty well the last couple of years and I'm thinking about how to invest the profits.

Struggling a little bit with deciding between re-investing in the business vs. diversifying with something like rental properties.  

Thanks!