All Forum Posts by: Roger Laughary

Thank you all. I have excel spreadsheets, but it doesn't automate reports and trigger tasks, manage vendors, etc. I appreciate all of your feedback. I believe Buildium will probably be my choice when I do a web property management service. Appfolio is pretty awesome but seems a bit pricey for the amount of units I will have over the next few years.

Hi all,

I am in search for the right software for me. I have 5 units, moving towards 8-10 this year. I have friends with many more than me, one with 56 units and he's using Appfolio. It's a really great program but it's a little pricey for someone with less units. It only seems to pencil once I get to around 20 or more.

What would you recommend as a similar software for someone who's building their business like me?; Something efficient but reasonably priced.

Thank you.

I have a friend who recently sold his business to his brother, and has used that cash as a down payment on approximately 40 units in the last 6 months. He had about 15 units prior to that so he now has like 55-56 total. This is probably a rare case, but it can be done.

@Brian Walterstry Tax-Free Wealth by Tom Wheelwright. He's with Rich Dad Advisors 

no problem @Robin Boyer

@Cheri Banet  I am no long-term expert, but have had some experience in this and done well. I would always recommend financing with a traditional 20% down on a 30 fixed, putting money in it to add value, then refi-can out after 6 months seasoning period. Less cash out of your pocket and you may even end up with little to none of your own cash in it. If you decide not to refi it, you will have much equity and good cash flow, with a pre-made exit strategy as well. Hope this helps.