All Forum Posts by: Ryan M.

This is a duplex.  It does seem like it is a problem as the  cash on cash is only abou 3.5%.  Do you have any advice on sourcing properties or property managers.  I have been focusing on appleton as I am originally from there but am not married to the idea. 

Hi everyone. Im considering a property in wisconsin that seemed to work on the surface however the post analysis cashflow concerns me.  Please let me know if there is anything Im overlooking.  As far as I can tell I would only cash from 150/month on a 10% cap rate property after investing 44k?  Is there something that Im not understanding here?

Thanks

Ryan

@Adrian Chu

Thats the golden question. Most likely,  I will overanalyze properties in wisconsin and florida the the point that I get decisional paralysis and end up doing nothing. 

Thanks so much to both of you for the advice.  I think my ability to make a decision was being clouded by my perspective and relationship with the property.  Also, one of my two current rentals started as an underperformer and is now cashflowing at a very satisfying level. Your advice actually has me reevaluating my portfolio as a whole. Specifically I have a property in florida that I own outright at 50K purchase 75k current and cash of about 500 per month. I realize now that this parked cash is not being effectively utilized.  I also struggle simultaneously with finding a competing property to replace the asset.  I am limited due to the fact that I work fulltime days, but soon to be evenings which will be and improvement as it will open up my days to work on deals.  Also, I live on the west coast where I have found that most rental numbers do not seem to work.  Because of this I have been searching for properties in the Midwest where I am from originally.  Also, I am apprehensive to post properties that I find here as I really do not want to increase that chance of competitive bidding but also feel that I need some guidance before pulling the trigger. How would you recommending sourcing 4 plexes and also getting them evaluated by a second source?

Thanks,

Ryan 

I;ve been agonizing over the math on  rent vs sell of our primary residence that we plan to leave. Any ideas would be appreciated.  I currently have two rentals doing well in other states and have experience with one flip.  

The property was purchased for 310K, 20% down 3.5%interest mortgage (~240K). Over two years in the house, so no capital gains; it will sell for about 360; . Mortgage and tax/insurance escrow is ~1500 and it will rent for ~2000 so cash flow of 500. It is  near a good school so it should rent with some ease.  So on one side I have my 60k sunk in it plus 40K tax fee on sale or 500 cash flow with ~500 per month pay down on the debt?  Not sure where to go with this one. 

Thanks everyone!

Ryan