All Forum Posts by: Robert Rixer

The busiest day is the day you expect it to be quiet! But seriously, 1st of the month +/- 2 days.

$20k/unit alone tells you a lot about the work likely required. Sounds like a very heavy lift for a new investor. Best of luck

I'll keep it short. If you want to keep it part time, keep doing what you're doing. Why mess with a good thing!

House hacking where you get to "live for free" is near impossible with interest rates right now. My suggestion for your situation is to work hard and save up as much money as you can for a down payment.

Many have stated good answers. I'll add, personally I like to walk areas myself before I invest. There's something about feeling areas out in-person that don't always show up in the stats. Without it, you're really relying on other people's perceptions.

This is where real estate can be more art than science. Typically a 3-bed would have a larger living space than a 2-bed as you expect more people in the household. If you have living area to sacrifice, then a 3-bed could make sense. However if your living area is going to be noticeably tight compared to other 3-bed comps then you may want to stick to 2. 

Yes because it's tough to make buildings cashflow right now, so all syndicators have to pitch is future appreciation. If this was 2017, the same people would be preaching that cashflow is king.

It depends if you're looking more for in-place cashflow or potential future appreciation. The midwest would fall into the former and places like California and Florida, the latter. Of course I'm oversimplifying but that's usually the first question to ask yourself.

As others have said, very important to look closely at the HOA. A poorly run HOA can devalue even the nicest of properties. You can suggest to set aside money for CapEx items but they get capitalized in the value of the home i.e. A brand new furnace will, in theory, raise the value of the home by the cost a brand new furnace.

You're conflating CapEx and maintenance in a couple of these which makes a difference when it comes to underwriting deals.