All Forum Posts by: Keri Carpenter

I haven't calculated it, but it is definitely cash flow positive and has almost doubled in value over the 6 years I have held it so over 10% ROI?

Yes, you can evict the tenant if they don’t pay the rent.  I wouldn’t let it go to 2023. That’s just being lazy and you’ll keep losing out.  You probably can’t work on it much till they’re out, in my experience.  I have 7 properties in CA but not in your area.  My areas are mostly even more tenants friendly than your area.

@Darryl Griffin-Simmonsmost important thing is to start as possible.  Don’t hesitate, don’t wait.  Just do it.  I waited about 4 years before I did anything and I wish I had started sooner.

bought my first house, a triplex and then bought 3 more properties (6 units) within two years.  Had a roommate for 5 years to keep everything afloat and cut costs to the bone.  Definitely suggest house hacking your first home.  If you're young and free, buy just what makes sense from a cashflow perspective, house hack that and then rent it out and buy your next one at 10% down and keep going and skipping around until you settle down.

Yes.  I own 10 properties.  A few multi families, meaning 2-4 units.  But from what @John B Clark says, this might be focused on bigger properties than I have which would be interesting.  I'm mostly doing it to find some people to talk to.  I'm a Software Engineering Manager for Sony by day and I don't have any friends who are interested in real estate myself, so I'm trying to find some folks who are into real estate investing to talk to.

I bought a SFH in Manchester, TN in 2016 through the group called "Simply Do it" out of California. They hooked me up with Fred Cosgrove of Stones River Property Management. They helped me with the purchase and have been the property manager for the property for the past 6 years. Highly recommend. Fred is awesome and the team at Stones River is great. I've seen great appreciation on the property as well as good cash flow. I have 9 other properties and 16 units total and this manchester property is by far the easiest to manage of the bunch. I never have to do anything. They take care of it all.

I am taking it myself.  I hope it teaches me something I don't know already!  Looking forward to it!

I’m small time but I have 12 tenants.  I never knew you could report to credit bureaus.

I would do that deal.  I have 10 properties acquired mostly that way.

If you have conventional financing, I would just purchase rather than taking on huge risks your first time out.  I think it’s important to have a first successful “at bat” rather than betting on a home run your first time.  Purchasing and house hacking will be complex enough for a few years.