All Forum Posts by: Robert Piller

@Andrew Fidler I'll check out Toledo - but I prefer properties with a 1.2% -1.25% rent to purchase/repair price--not 1% or less.

So if I pay $50K, I expect $600-$625/m in rent.

Maybe that's why I always seem to stay in the $40K-$60K area?!?!?

I'm getting these returns on most of my properties-- so will only grab deals with similar ROI.

@Gary Hurst Looking forward to it.

@Aaron Yates Sounds good. I just sent you a note.

@Engelo Rumora Cash flow is king. Appreciation is just a guess-but you can bank on cash flow all day long!

@Engelo Rumora How's the KC market?

@Curt Davis Your advice is golden. I agree with the $50K-$60K max in good markets ($25-$30K in more speculative markets) per home strategy--but that is after all repair costs are built in. I also think the if you can buy $10K homes and fix them for $5K- investors would be snapping up 10-20 at a time.

@Gary Hurst I have several rentals in Ft. Hood area. We should get together some time. I live in Austin.

@ John: Thanks for the tips

@ Engelo: Have you invested in Toldeo, OH? I am definitely open to areas for purchase.

@ Bryan: Thanks for those zip codes. I like buying houses under $60K after all repeairs are done for rentals in my portfolio - and was hoping to snap them up for much less than that in Detroit area. Is that do-able?

@ Gary: I was thinking the same thing -- and Iprefer buy and hold. What part of Texas are you in?

Which are the top zip codes in the Detroit metro for Buy & Hold single family properties..both in terms of potential appreciation and for cash flow?

I am looking to purchase about a dozen properties up there within the next few months -- and being out-of-state, I am hoping for some guidance.

Thanks.