All Forum Posts by: Ray Johnson

@Matthew Creel unfortunately for me I live in California, one of Seven states that do not allow a State tax deduction similar to what @Eamonn McElroy is referencing for 529 plans, so the decision was easy for me, If CA offered it I'd probably do both since I believe in diversification when it comes to all aspects of investing.

I purchase One property per child shortly before or after they are born, New construction or less than 5 years old, Class A or Class B product in high appreciation neighborhoods within major metropolitan cities/county's, South Orange County California, and Washington, DC. is where they are located, I also make sure they are near top colleges in case they choose to stay in them when they go to college which will save on housing.  

@Betsey Davis 24 Units, 17 Buildings, what's the actual make-up of this package, SFR's, Duplexes, Triplexes, Condo's, etc... Is this portfolio in GA where you're located.

I would check with @Dave Foster regarding the best place to solicit to 1031 investors. 

In regards to markets, it depends on the product, there are OOS buyers in high cost areas like here in California that may be interested.

In regards to the information you'll be providing, you'll want to detail the portfolio with some of the questions I asked above, also the bedroom/bath make-up of the assets. Me personally I would want to know the general area of each building, I'd be wondering if I can use the same Property manager on the entire portfolio or if the buildings are spread too far apart. 

Welcome to the community @Cynthia Occelli Congrats on your successes and future endeavors!

That's an amazing income return you're getting on that property Russell, Congrats!

@Greg Dickerson you're welcome. As a developer I'm sure there's some insight for you regarding the under construction stats.

@John Bucknum You mentioned that the building is in a small rural college town, What would be the draw for Air BNB bookings on a consistent level?

Have you looked to see how much traffic is currently on Air BNB? Do you see enough traffic to absorb the furniture cost in addition to other expenses to remain in positive cash flow?

@Kizzy Robb Navy Federal does them for investment properties, you don't have to be a veteran but you will have to have at least a checking account with them which is a cheap price to pay to get the HELOC on an investment property, the info is here

The investment rates are listed below the occupied home rates

@Joe Crupi You have $187,000 in equity, I think your ROI may be ok absorbing the $2,000 in fees on a refi cash-out, the question I have is are you pulling the entire $187k out of the property to reinvest or are you just refinancing the $63k? If you're just refinancing the $63k then you should be able to get less than 3% in loan cost that they offered.

Often if a loan isn't going to make any money on the interest side (a $63k loan doesn't make any money for the bank), the lender will look to make money of the fees, it seems like that's what they are trying to do. 

For those that invest or interested in investing in the Washington, DC., Northern Virginia, and Maryland (DMV) area, the Q4-2018 report has been released, some good information included on this report link  

@Russell Brazil I often see you trying to explain to some of the BP members that you have properties that started off with a little cash flow but since the cash flow in the DMV grows so quickly your numbers look good on those properties some people may have passed up when they only look at cash flow at the time of acquisition. On the report I see you're killing it with an average of 6.5% rent increases in areas like Frederick Maryland. 

@Anders Jax It sounds like you're raising funds for the one Hotel deal that looks like a JV, and additionally comprising a fund for future deals, Is that correct? Will this fund be participating in the Hotel deal or is the Hotel deal completely separate?

There are many ways you can  do this, @Brian Burke may be able to provide some insight since he's written many post on this topic. The role of the Asset Management company will be the major point.