All Forum Posts by: Kevin Goldman

I just recently sold an investment property that i originally lived in.  I bought it for $440k iin 2009 and leased it on and off from 2017 till present for between $4000 and $5200, I sold it fior $1,100,000.  

I need to replace that monthly income of $5200 a month, and I have ambitions to invest out of California and am looking at markets like vegas either short term rentals, codo hotel (very iffy on this), and Toledo, Ohio.  I'm trying to find a 1% monthly return...  currently have just over $1m to use and am looking at diversifying between a personal real estate rental property to get that 1% monthly rtp, a commercial developer fund that yields 8% a year and 4% after they sell (roughly 4 years after investing), and a managed fund that is liquid and yields 5.5%.  

I am a licensed realtor here in Los Angeles, don't want to deal with the exodus of insurance companies and difficulty getting insurance and keeping it after a claim, tenant landlord laws being heavily in favor of tennants, exorbitant property taxes and minimal RTP among a few other factors with these being the most inspiration to take my money out of california.  

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $440,000
Cash invested: $300,000
Sale price: $1,100,000

I bought this home with my brother in 2009, I bought him out a few years later I began renting it out in 2017 and just recently sold it.

What made you interested in investing in this type of deal?

It was an amazing deal, I never planned on renting it out but it netted me between $4,000 a month and up to $5200 a month the lat year and a half.