All Forum Posts by: Robins Dorvil

 I was looking into TX for the low prices as well. Now my question with 20% down will the market rent rate be able to keep up with the rising property taxes and insurance? 

Hi all, this is my first post on BP. I have a few properties in West Palm Beach and Orlando, Fl  that has some good equity and I plan on pulling out some of it to purchase more units. I hear it's good to build a relationship with a local bank for favorable terms and portfolio lending in the future. Has anyone worked with any local banks they are happy with and understands various investment strategies or should I just deal with a National Bank instead? I want to get my financing and cash in order before jumping back in. 

 I just sent you a PM. hope you can help. Thanks

You are absolutely right. Especially if you're buying and holding. I think today's rates can help with any blow back we get from a recession. As a buy and hold investor, I'm not concerned about the appreciation. That's just added bonus. I just want a performing asset that cash flows nicely or give me at least $1 Cash flow during the bad times. With time and inflation a bad deal that cash flows will only get better and better in my opinion.  

Great work @Anthony Smoke. Wasted no time. That's how you take action. 

@Abraham Anderson I'm very impressed. I'm in the insurance industry as well and I preach to the young guys in my office to save and invest their commissions instead of buying $200+ shoes for their closets or blowing it on nonsense. I look forward to hearing a podcast from you. I know it's coming. My son goes to college next year and hearing your story would be an awesome motivation for him. Stay blessed and keep up the great work. I will be following your journey.

OMG!!! I was a long time listener to his podcast and considered investing in on of his turnkey properties. However after doing a phone interview with one of his guys, I wasn't impressed with the presentation and the whole concept seemed too good to be true. Thank God I ran across this forum. Although there's no way I would have done a long distance investment without flying out to see the property and understanding where I'm investing in. 

I think it's relative to the investor and property. There are some deals in C, D neighborhoods with a good enough spread where I'd prefer to flip them and invest the profits towards other properties. There are deals in A, B neighborhoods with good spread that I would prefer to keep because of the long term cash flow and appreciation. ~ My $0.02

"tomayto, tomahto" All the same

Now that's truly inspiring. I'm listening to the podcast now. I'm at a loss for words. Stay blessed on your journey. Truly an American dream. I hope I can network and immerse myself into this site; not only for networking opportunities but life long friends and partners. 

I did try his software, however, He was in the middle of changing it from scraping Craigslist to Zillow which would make it more efficient. I stopped using it because I didn't want to pay $200 a month through the initial bugs. Plus I felt that I needed to educate myself a little more on the strategies. From what I see with the Real Estate business, the more technology savvy you are or well versed with creative methods the easier it is to obtain a deal. His concept does not seem bad. I may have to give it a shot again. Still working on finding my niche.