All Forum Posts by: Ryan Haley

@Lane Kawaoka Exactly. That’s why I want at least $1500 net monthly cash flow per property, if at all possible, which is why I like a 4plex in a lower income area with the right ratios and the right PM. Significant (truly) passive income with the right propert, in the right market, with the right team in place (which I def have in Columbus right now). I’m currently living off passive income now, and don’t ever want to look back if I can help it. Which is why I want to wisely and safely acquire new passive income streams as soon as possible. 

@Jeff Schechter Understood, I figured that was probably the case 

@Jeff Schechter Right now, I'm hoping to buy tax liens to acquire the properties since I buy all cash and I'm low on capital from the recent purchase. Don't know if that fits in your model...but if so, let me know!

@Account Closed Yeah, I visited the property on-sight and was aware of the very rough street before I bought. PM has been outstanding so far and also was the Realtor as part of a team who a group of investors where I'm from in CO work with. Also, she set up the PM company for her own multiple investments in the area, so I'm pretty secure in her long-term commitment to the viability and going concern of the company. However, not a bad idea to have a backup just in case something happens for whatever reason. I would definitely be up the creek w/o a paddle w/o a solid PM here!

@Engelo Rumora good to know...

@Engelo Rumora Thanks man. I'm looking for 2-4MFH units right now, and my understanding is MI only does SFH. If you know of any MFH TK services with the reputation of MI, let a brother know!

@Engelo Rumora Hahaha, right on. Yeah, I'm looking for high-cashflow properties at low acquisition prices and a great team on the ground to make the whole thing as passive as possible, esp. since I'll most likely be an out of area owner. 

@Engelo Rumora Oh OK, so sounds like the Toledo market is pretty good??

@Engelo Rumora are you noticing that the Columbus market is tightening up quite a bit lately? If so, where do you recommend looking right now?

@Robert Ellis It was on Barnett (in Whitehall, I believe). I'm actually getting $700/door for this duplex and the Realtor I work with was able to get me a great deal with 3/4 units brand-new rehabbed so I've had no rehab costs. I'm open to wherever the best markets and deals are at this point. From what my Realtor said, what I'm looking for no longer exists in the Columbus market but I figured it doesn't hurt to ask. Based on a lot of the good input on this forum I may wait for awhile before I buy another "high-risk/high-yield" property like this one, since I got appear to have gotten a unicorn here as far as the property as well as the Realtor/PM who manages it for me. But that being said, I'm always open to look at a promising deal!

@Richard Leyba tejada thanks for the heads up