All Forum Posts by: Paul Moore

Hi @David 

Is there a value-add opportunity that will allow you to raise rents based on changing something (upgrading interiors, etc.)?  If this is in the WDC metro area, that rents sounds low.  So if this is a Class C or worse, you may want to consider a higher vacancy/collection cost.  I would not recommend going into a deal with negative cash flow upfront, and the chance that things will get worse, and usually not better.  It would be better to find an asset with a margin of safety on the positive side.  

@David Cableundefined

Welcome aboard, @Fred Hardy!  Great areas to invest in. 

Congratulations @Michael Rogers!   That's really wonderful.  Message me and connect if you wish.  We are investing in the same part of the world and looking to collaborate.  

Hi Scott. Great to meet you via BP.  I'd like to understand what your firm does.  Please email me and we'll talk more.  

greetings @Richard Rodgers. You're on the right track my friend. I'm doing the same thing. I'm also in Central VA.

Hi Tyler Smith I agree with Michael Le and David Thompson here. Get a great mentor. That's what I did. I'll also be glad to send you my book if you wish.

Hi Freddy Guillemi I went down the same path. I recently published a book on my journey and on how to profitably invest in large MultiFamily assets. If you'll connect with me, I'll send you a copy of the book in exchange for an Amazon review.

Welcome Jesse Coronado I recommend you consider commercial MultiFamily- fractionally investing in larger assets.

@Hugo Luna. Since real estate trends are local, and CA has experienced higher highs and steeper drops than most...and since it is high now... I would not buy any asset that doesn't cash flow immediately.  Many great comments above from @Tom Cafarella, @Wes Blackwell and others.  

I second @Wes Blackwell's advice completely.  I made a lot of profits flipping homes for a decade.  And finally started trying to build real wealth through buying and holding.  I recommend value add multi family.