All Forum Posts by: Matthew Swearingen

It was mentioned that multi family units are a better option as far as cash flow than SFR? Any thoughts?

Also, as far as Tennessee, are there areas that provide decent cash flow with decent home appreciation? 

It seems that Memphis does not seem to have the appreciation.

Thanks

yeah I just used the rent calculator that had those values auto-populated in. Such as 8% for management fee vacancy 5% excetera

Makes sense. Love the analogy. Totally correct. I will look into that.

Thank you.

Thanks Tony. Quick question. The numbers you gave are derived from?

In response to Jay, just so I understand. When you have a market such as Memphis where they are C properties and given majority are tenants you are not going to see the home appreciation that one would like to see in 10 years that you would with an A or B. In addition, to get a cash flow of say $200 from a few houses may not be nearly as beneficial as buying 1 home that is a class A or B due to the fact that your have a nicer area that will bring higher rent but also a higher mortgage to cover the rent BUT I would have the home appreciation equity over time. It seems that these home prices of say 50 to 80k with renters are going to give the same difficulties or risk no matter what state. It's makes home sppreciation stagnent.

Any thoughts on fix and flip in Memphis? Saw a company called HouseGuys....i think that's the name. They attempt to answer the obvious question which is.....Why would they sell a discounted home to me instead of flipping it themselves. Their answer seemed to be they make their fee and it's quicker and they xan only flip so many homes so they pass advantage on to me. Any thoughts on guys. 

I was also told getting a decent home in Nashville and putting it on Airbnb will generate more income that putting a tenant in?

Thank you again everyone. Just a single dad trying to get a change in career to spend more time with my son's but have been taken advantage of in the past and lost money. So thanks everyone!!

Thank you Jay. I appreciate your advice very much.

When I say invest im open to funds as well that can give a 6 to 10 annual return that as you said, let the landlord take the risks. I'm,not to familiar where I would search out a fund. Can you point me in the right direction? I'm just a blue collar worker and don't have any real background in funds of this nature. Is this something I can call Fidelity or Charles Schwab about. 

And what is Indy, MSA and GOZONE?

Thank you so much Jay for the detailed information. I guess im trying to figure how best to invest approximately $40k to 50k, whether it be in rentals or fix and flips in Mephis or any other area. It just seems theres a lot of discussion on the forum about Memphis. At the same time I would think,it's saturated with investors and dried up. So I question some of the agents I'm speaking with if there really is viable deals or are they just trying to make there commission and when I figure out it wasn't the best investment, they are off to the next deal. 

Your advice really helps me to understand more of my goals and how I need to reach them and being smart about it. Very much appreciated....thank you. 

Thanks Lori

I hear that appreciation I'm,Memphis has never been the best and then I read that it is. I'm having a hard time deciphering all the info. I would think there's a website that gives this data. Either appreciation is up or not sitting a specific time frame. Are you aware of any websites that offer such data?

Thank you guys. Ya I'd be putting 20% down. Ok so just basic math. Is that dispersed monthly or yearly?

Is a 30 year fixed rate best option as opposed to ARM initially?

Also can you recommend an app?

You invested in rentals...so my question is why did you? I'm not saying your discouraging me (I do appreciate the honest advice though). 

I've heard of crowd funding but not sure exactly how to go about it and what companies to invest in? Any suggestions?

How would I calculate my return on a $50k investment at 6%? Is there a on line calculator?