All Forum Posts by: Paul Rinaldi

Thats a very good point about SFR. I hadn't thought about it like but i'm glad you said it, it makes a lot of sense.

Personally I would love to flip houses vs renting, just because of the faster return. But i know that the reality is not as easy as it sounds. Finding a potential Flipper is something that i have to research more.

ideally, i think i would like to flip to build up cash, then purchase a larger rental unit 6+ units

I have heard this before. But what about Longenvity and Resale?

In the book im reading Gary Eldred tells how he is much happier investing in properties that suit his interests, which happen to be SF's and Duplexes. He might not make as much, but he enjoys what he does more so it's a fair tradeoff.

I think this is how i feel on the topic of owning in a ghetto area. The money may be good, but i would not be satisfied with owning that property because of the location.

But my big concern here is that 90% of the properties in my area are similar to this, at least the cheap ones...

Also i'm not sure if i should go for a SF, MF, or Duplex

I agree that the operating expenses are not 5K, i have been looking at lots of properties and this was way low.

But you are right, there really are no great jobs in my area, nor do i see them coming in the future. However, a lot of ppl rent isntead of buy. Vacancy rates average 9% i think.

But besides that .. what is the name of the game? To make as much profit per month as i can? or to make as much off of appreciation when i sell?

Hey all, glad to be a part of this board. I am fresh out of college, and early in my career.

I have always wanted to invest in real estate, since I was about 12. I am learning more and more each day. I am reading "Investing in Real Estate" by Gary Eldred to gain some knowledge.

Here is my dilemma. I'm not sure where to begin investing. I live in Northeast PA, and houses are not very expensive here, rents average about $550 per month. However the area is not very nice. A lot of areas are distressed and getting worse in the future i would believe. Also the houses are very old 1900-1950's.

Personally i would prefer newer houses and nicer houses. I want to invest in something i would live in myself. What do you guys think? Those with experience is the price enough to offset your decision? I know that when investing, appreication is a huge factor, and you want to invest in an area you will believe will appreciate. I personally cannot pick an area, except for near a university, that i believe will appreciate in the future.

To give you an example of the prices. There is a 4 Unit on a shady side street that is fully rented, grossing 25K per year with 5K operating expenses, the owner wants 125K. Seems rather cheap to me, but if you saw the area i doubt you would want to purchase it.

But even still if i could purchase it and have it pay for itself is it something i should go for regardless of the location? My gut says no