All Forum Posts by: Myo Thein

@Richard Dunlop Thanks for encouraging information :)  Do you mind share where about you can get those numbers & type of properties?  I am interested in finding more about it. 

Thanks all. Yep, I have been using LoopNet to look around.  I just am not sure about location yet.  My preference is California / Oregon (just personal preference), but it looks like I might have to look into midwest, which I am fine with.

@Richard Dunlop: care to elaborate on what I can aim?  I am not against with making more :)

Hi BP Community,

My wife and I became accidental real-estate investors due to us moving to different cities for work and we ended up buying and turning into rental when we move.  We were fortunate enough to be in the location that return us (on paper) with good appreciation but not so good cash flow.

I am considering selling couple of our rental that would should us about 450K in equity and re-investing that into multi-family units. I am hoping to find unit that would attract to more quality tenants & give us 10%+ CAP rate and hopefully 3K-5K in cash flow per month. Is that possible? I am still doing research through forums in BP and turnkey properties offering.

We both currently have good paying W2 job, so I think financing our deal should be okay.

Thanks in advance!

Myo