All Forum Posts by: Ross Bowman

Thats a really interesting suggestion actually - I hadn't thought of loaning my money for that, but it's possible. I'm going to look into this! Thank you sir! 

My next RE investments will likely be much larger than my first SFH purchases. I'd like to get into vacation rentals and I'll need more cash up front to get them going (down payment, furnishings etc).

Besides simply putting money in a savings account, are there any better ways to save for real estate investing? I hate having cash just sit there and not work for me, so I'm wondering if there are some investment vehicles people use for this, that can easily be made liquid when a good deal pops up. 

Any suggestions? What do you do? 

Greetings! Looking to chat with some recommended PMs in OKC, for one of my properties. In particular, I'm looking for someone who:

- Covers Del City

- Is proactive/transparent with repairs (over-communicates)

- Doesn't need to be managed

- Can work with out of state investors

Looking forward to hearing who you all use. Thanks! 

Thank you sir! I appreciate the feedback on this. 

As a follow-up question, I put in 8% for repairs and 10% on Capex (monthly) to get these numbers. Is that unrealistic?

My idea was to punch in numbers based on worse-case scenario, to see where it would stand if things like that went poorly. So these numbers are based on that. 

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*This link comes directly from our calculators, based on information input by the member who posted.

I'm looking into my first potential rental purchase.

One thing that's concerning me is this:

In the Analysis Over Time table, the Annual Cash Flow actually goes down, not up.

Am I missing something here? Can expenses really go up that much? Is this a bad deal? 

For context, I put some conservative numbers in here but for the most part, they do align with the numbers I was provided by my agent. 

Would really love some feedback here. 

Greetings! Long time listener, new poster and soon-to-be-investor.

I'm in Charleston SC looking for both a multifamily to house hack in as well as long term rentals. 

The current challenge I'm facing is that it seems like my market is kinda rough. SFHs with 1500 SQ FT priced at 300K+ is the norm here, so I've yet to find a property that is even close to meeting the 1% rule. 

I'll keep looking and attend some meetups, to find out what others are doing, but I may have to start looking out of my area. If that's the case, I'll get the BP book on it first. 

I'm a new investor looking to start with small multifamily. 

However, the area I live in is expensive enough where I have not found a single multifamily that is even close to meeting the 1% test. I'd like to explore investing in other towns/cities in my state.

Is there a reputable online tool for quickly analyzing the need-to-know data points in unfamiliar rental markets? 

For those who do not invest locally, what do you use to quickly see if an area is worth investigating?