All Forum Posts by: Ryan Haley

@Lane Kawaoka Thanks for the advice. I am a relatively new investor and realize I may be naive and lack some perspective, so I want to throw this out for feedback. What area(s) are your SFHs and what is your net monthly CF on them?

While I generally agree that having at least one, if not multiple, exit strategies is a fundamentally sound aspect of a wise REI strategy, I am a buy and hold cashflow investor who just wants to amass a portfolio of high cashflowing properties for income replacement and ideally never let go of them. The below thoughts are all predicated on a very high monthly cashflow property, leaving a wide margin of safety, which I invite your input on:

1) If it's generating on average $1500/month NET cashflow, and generally a worst-case scenario of $1000/month (so at least ~$2800/month gross), I won't want to sell it in the first place

2) If for any reason I did have to sell it, at the price I'm looking to buy (and could therefore sell), it should be appealing to many cashflow-focused investors, especially since I'd have thorough and accurate historical financials

3) Buying all-cash would put me in a position to ride out any financial/economic storms for a potentially long term

4) Having a property manager in the local area would make it feasible to maintain ongoing management and ownership of the property, regardless of my personal situation

What are your thoughts? I'm definitely in a rapid learning phase now, trying to soak it all up, so I welcome and and all feedback!

@Hadar Orkibi Yes, I think I was just extremely lucky in my Columbus deal that it was totally turnkey and I had access to a great team on the ground who were involved in the deal where I didn't have to pay a premium for it. I'm told those deals don't exist in that market anymore, at least not now...the challenge is managing the rehab myself remotely; hence my need for the team on the ground in the prospective market. 

I'm looking to buy all-cash, so my Gross annual ROI needs to be at least 25%, with net hopefully 50-75% of gross. I'm looking to generate the capital for my next deal, which is why I'm looking at lower price points now. But in any event, on my next deal I'm really hoping for at least $1000/month net in my pockets to quickly generate passive income replacement.

@Jay Hinrichs Thanks for the perspective. My Columbus property is definitely as you describe and has already had some of the associated challenges. Luckily, the property manager deals with most of it, for which I'm happy to pay $300/month in mgmt fees and access to a market I wouldn't otherwise have. And I suppose you're right: time will tell if it's something I care to continue to put up with, but for now the direct headache on my end has been minimal compared to the monthly cashflow rewards. Good advice, though, to be sure!

@Hadar Orkibi Thanks for the info. Yeah, I've been told what I'm looking for is a unicorn haha. Considering that I just found a deal exactly like this on my first deal as an investor, though, I'm just believing that with a lot more knowledge/education/networking I can repeat that success, if not improve on it. I'll reach out to Alex, though; thanks again!

Hi,

I recently bought a 4plex in Columbus, Ohio and have been very happy so far (5 months in) with the cashflow it's generated, especially given the price point; with expectations it will get better as things get on a more even keel/steady state in the next few months. 

I'm wondering if there are companies similar to Memphis Invest that have turnkey investment services for 2-4 units (ideally 4plex) in US real estate markets with solid underlying economic fundamentals. My target acquisition price is 80-120k with net positive monthly cashflow of at least $1500/month (not including financing, which I'm hoping to avoid by paying all-cash), with little to no out-of-pocket renovation costs. 

I live in Woodland Park, CO, which is not a good market for what I'm looking for as an investor (as far as I presently know) so I would most likely be an out-of-state owner. Therefore, I need a single point of contact/coordination on the ground I can trust implicitly for all aspects of investing, including but not limited to: identifying the right target market, the specific deal, tenant placement, the right contractors/vendors, and ongoing property management.

Any help is greatly appreciated!

@Tyler Work I’m in Woodland Park, CO; a little Mountain town about 30 minutes NW of Colorado Springs. I am very intrigued by Brian Page’s Airbnb OPP model and I’m wondering about trying to implement it. Although I don’t know much about this and haven’t done any real research yet, I am not sure Woodland Park would serve as a great short-term vacation rental BNB market, but curious to hear if there’s a way to implement this here, in Colorado Springs, or even Denver. Any information you can give on having actually used Bryan‘s course would be much appreciated!