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All Forum Posts by: Robert Ruschak

Robert Ruschak has started 4 posts and replied 63 times.

Post: The Cost of Owning a Duplex

Robert RuschakPosted
  • Real Estate Broker
  • Indiana
  • Posts 64
  • Votes 11
Originally posted by @Jared Baker:

Thanks for the responses guys!  After reading Scott's book, Set For Life, I'm trying to reduce my housing expense.  Right now I am paying about $700 in rent and I would like to purchase a duplex and house hack.  Would it make sense to look into other areas to invest when my goal is to reduce my housing expense?



You will need to look at different sub markets if you are looking for positive cash flow!  The high end areas will have lower cap rate returns, whereas other areas will provide an investor a 7+ cap rate return!  Good Luck on your search 🔦 

It does not make sense to pay off the full mortgage on a rental property, because the (IRR) internal rate of return will decline. The magic of using good debt leverage & a conservative DSCR debt service coverage ratio!!!

Post: Self Storage

Robert RuschakPosted
  • Real Estate Broker
  • Indiana
  • Posts 64
  • Votes 11
Originally posted by @Sam Green:

I've heard that investing in Self-Storage is a great idea. I agree! It seems like a great business. I was wondering if anyone has had any experience in this area?

Hello Sam,

Any “potential” real estate investment is a great idea! You must know your financial metrics and long-term goals!  

Post: Coronavirus and late or no rent payments

Robert RuschakPosted
  • Real Estate Broker
  • Indiana
  • Posts 64
  • Votes 11
Originally posted by @Arthur P.:

What is the plan when tenants can’t work and cannot make rent payments?

It has already started for me.

Write to your Congress and the Federal Government to pay for loss rent!!!  Boeing is experiencing ( Death Spiral Financing), wasted billions on stock buybacks and begging the Government to be bailed out.  

 GOOD LUCK!!!!

Post: $1.3 million in deals done in 2 years from out of state!

Robert RuschakPosted
  • Real Estate Broker
  • Indiana
  • Posts 64
  • Votes 11

Incredible!!
I am looking to writing an aspiring story about my success in real estate and to multiply with great partners! 

Joe: Your life journey is incredible and unbelievably inspiring. I love the massive amount of information you presented on Biggerpockets, I will model after you and my ambitious goal is to become a Multi—millionaire investor!

Post: Why Do 97% Of Real Estate Investors FAIL?

Robert RuschakPosted
  • Real Estate Broker
  • Indiana
  • Posts 64
  • Votes 11
Originally posted by @Joe Villeneuve:
Originally posted by @Don Mangiarelli:

@Sadrud-Din Williams real estate investing is like any other business. It takes time, patience and persistence to be successful. 97% of people get really excited when they start a business, but when they don't see immediate results, they quit. That's why only 3% succeed. If it was easy, everyone would be doing it and would be successful at it. Most people aren't willing to work hard to get results.

 
This just about covers it.  Add this to the mix.  Most of that 97% are followers...and they would rather follow the majority...even if the majority fails.  To them, all that proves is it can't be done the way the majority tried.

This make no sense to me.  The answer is staring them in the face...don't follow the majority if they failed.  Why not follow the minority if they succeeded?  What's more important to them...success, or being part of a majority.

I wonder what the success rate is for those that just go for it...with no training, and learn as they go?  I also wonder what was used to measure success in both the original question, and mine?

“The answer is staring them in the face...don't follow the majority if they failed. Why not follow the minority if they succeeded? What's more important to them...success, or being part of a majority.”

I prefer to connect with highly successful individuals in real estate, figuring out how to maximize my results, separate myself from the majority and create “future” long-term business partnerships.  

Post: Storage facility purchase

Robert RuschakPosted
  • Real Estate Broker
  • Indiana
  • Posts 64
  • Votes 11
Thank you for the responses!
From your experience with gates, which security gate would be preferable for an un-manned facility?

 https://www.storedge.com/how-to-choose-the-best-gate-security-system-for-your-self-storage-property

Post: Storage facility purchase

Robert RuschakPosted
  • Real Estate Broker
  • Indiana
  • Posts 64
  • Votes 11
Originally posted by @Joshua Watts:

For the self storage management software we use Web Self Storage. It is just so much cheaper than others. And for our rental  property management software we use Appfolio. 

Do you manage all three facilities or hired part-time manager/maintenance?  Have you considered the blue-tooth electronic locks by Janus International?

Post: Storage facility purchase

Robert RuschakPosted
  • Real Estate Broker
  • Indiana
  • Posts 64
  • Votes 11

That is a solid strategy! Are you going to expand upon this exsisting facility and what Management software are you using? 

I will have to locate an off-the market facility myself!