All Forum Posts by: Kevin Hunter

@Manoj Ghangas, get to unemotional decision making as soon as possible.  The numbers are the numbers.  Practice analyzing deals, running comps, evaluating markets, etc... so that you can make informed, unemotional decisions based on numbers only......  Good luck!

@Hoseong Lee, welcome to BP.  This is a great site to learn and network.  There are a lot of podcasts that focus on out-of-state investing, so I suggest you start by listening to those.  Good luck moving forward!!

@Tyler Murphy, welcome to BP and congrats on your first investment.  There are lots of different ways to get moving.  I suggest you start listening to the podcasts on BP and learn about all the different ways.  Tons of military members on this website, as well, to network with and find out how they did/do it.  Feel free to reach out with specifics.  Good luck!!

@Diamari Smith, I agree.  Do both.  Both a multifamily and rent out the other units.  Live-in investment allows for a low down payment as well.  Good luck!!

@Michael Gallagher, I own portfolios in both upstate New York and southern CT.  Happy to help.  Feel free to reach out.  Good luck on the journey.

@Katrina Williams, listen to 10 podcasts, make 10 contacts on BP, analyze 10 deals on realtor or zillow.  Good luck!!

Interest

@Steven L.

1. all ways possible.  Zelle, venmo, ETF, cash, check (not really anymore)

2. I don't love that one.  It might be sufficient, but i like customizable.

3. I like rocket lawyer.  Lots of good options out there.  I am sure others will chime in as well.

Good luck!!

@Mark Kohn, this is a great question and a very polarizing one.  A lot of people on BP will tell you that cash flow is must and any deal that doesn't cash flow is a bad one.  My opinion is that is has everything to do with you and your goals.  Additionally the answer lies in what you need right now.  Can you afford to be cash flow negative?  Do you need the supplemental income in the form of cash flow to survive.  If not, then you are in a different situation.  Cash flow is one way that folks make money on investment properties.  The other three ways are 1. tax breaks (a. depreciation and b. repairs, improvements, real estate tax are all income tax deductions) 2. equity build-up through principal pay down, and 3. appreciation.  When folks only focus on cash flow, I believe they are missing out on opportunities.

So, to now answer your question, yes there is value from an investment perspective if someone else pays down your mortgage and you are cash flow negative.  What you should look at is the cash on cash return.  If you are paying $200 out of pocket each month, and your tenant is covering the rest, how much principal is being paid down.  What is it costing you ($200) to pay down how much ($XXX principal) per month.  If you are comfortable with that return, then go for it.

Second, what are your long term goals?  Do you want a large portfolio to build financial freedom, do you want a couple of properties to supplement the income from your W9?  Do you want to use individuals properties over time to scale to large multi-family or commercial properties? All of these answers will help inform the level of risk you take right now.

Hope this helps a little bit.  I am happy to answer any other questions with only my opinion.  Feel free to reach out.  Good luck!

@Mark Abdelmessih, welcome to BP.  Tons to learn here and you have come to the right place.  I would start listening to the podcasts and get involved in the forums.  Good luck!!!