All Forum Posts by: Pavel S.

Thanks Jon,

I am very interested in buy and hold for cash-flow. I will check out those areas. Also how are you finding your cash-flow deals? Any tips you can give?

Elizabeth. thanks for the input, I am looking around to get a more accurate insurance quote for the building.

• The $1,500 (estimate) is per year for insurance.
• The utility is for all units, Owner pays the heat, water, and common areas.

Greetings,

I moved from Green Bay Wisconsin to Seattle Washington about 2 years ago.

My shock was how expensive real estate is compared to Midwest in general.

• I would like to know where is a good place to invest in Washington state? Meaning being able to buy cash flowing property 1-4 units for buy and hold?

I know Brandon Turner is having a great time investing in Washington state, so I know it is possible to find great deals in WA.

Greetings BP folks,

I would love to have your help in helping me understand what would make this a good deal.

I have found an 8 unit apartment building all brick 1 bedroom units built in 1992. Has detached 8 stall garage and parking. (MLS: 50095070)

Here are the details:

$312900 / 1br - 5400ft² - 8-Unit Apartment (Green Bay, WI)

Asking price: $312,900

Rent roll: $3,730/month

Property management: $404/month

Maintenance: $635/month (includes landscaping, snow removal, and repairs)

Utilities: $435/month (Electric, gas, water, sewer)

Taxes: $7,100/year

Insurance: $1,500 (estimate)

Gross income: $44,760/year

Expenses: $26,288

So my question, at what price and financing would this be a good cash flow property?

Did I miss anything?

Travis,

I would recommend you just walk up to the neighbors at that townhome and ask them how much the HOA fees are. Everyone knows it, only the Realtors don't.

I bought a town-home as my first home and it was same story until things were near closing...

Matt Andersen I have also recently read "The E Myth" highly recommend it too for anyone looking into running their own business.

Aaron welcome!

I am in Lynnwood area and too have been itching to get started. Great to see others in my relative area with similar interests.

This site is pretty incredible and all the folks here are friendly and competent.

Caleb,

Just make sure you are not over-paying for your degree. I have friends that went to private universities and paid 2-3 times more than your standard state university and come to find out it was a waste of money. Stick to a good ROI for whatever you going for.

I have an associate and a bachelor degree both from local college and university. Saved me thousands and I live better than some that went to expensive options.

In a nutshell, know what you are getting out of it and make sure it makes sense in terms of ROI.

Steven Maduro Just got my shower head installed at my home and it is pretty nice and good price. Love the soft water flow instead of pressured and beating down...

Just been driving around places and have come across entire sub-divisions with Duplexes, Fourplexes and Apartments.

My question is:

1. Has anyone here built their own Duplex/Fourplex/Apartment to rent and hold? How did it work out and is that a good way to go?

I was thinking about hypothetical, where one would build Multifamily dwelling and rent it out on a long term hold. It should be cheaper to build than to buy as it is often the case with Single Family Houses.