All Forum Posts by: Sean Johnston

@Bob Stevens I interest in a multiple unit property to help hedge the risk of the entire property being vacant at once. Do you think it is more realistic to find a turnkey single family for $100k? I appreciate the honest feedback!

@Mike D'Arrigo I plan on having a reserve to start and keeping 5% of gross rent for Capex. Is this reasonable? I am looking for $100k due to the lower down payment required. Do you this it makes more sense to save for a couple more years and then look at purchasing a higher priced property?

@Bill Brandt I am expecting 10% for property management, 10% for vacancy, and 5% for Capex. The idea is to still profit after loan costs as well.

@Aj Parikh Definitely!

@Joe Hammel Thanks for the info. From what I have heard a lot of investor avoid Detroit area due to economic reasons. (Jobs, infrastructure, growth rate, etc.) Is Detroit a good market for cashflow but not appreciation or am I missing something. I am just starting out and down have a large amount to invest.

@Caleb Brown I am looking to be an OOS investor. With no experience or knowledge in rehab I am looking more for turn key properties.

I am looking to invest in a duplex or triplex for under $100k. My goal is get $150/door after the mortgage. Overall I would prioritize cashflow over appreciation. Is this realist? If so in what markets?

I have recently heard of DSCR loan and wondering if anyone has more information on it. Or if you have had personally used them. Are their any draw back or restrictions? Thanks in advance

@Barry Ruby Barry, essentially I am looking to trade my time in order to learn more about real estate. When looking for a mentor I heard it helps to offer something in return. I am willing to help in anyway but my strengths are with the numbers and financing since I am a loan officer. Hope that makes sense.

I am a loan officer at a local portfolio bank and I am looking to gain some knowledge, insight and experience. In return I would love to help analyze deals for someone for free. I am great with the lending side, numbers and excel and willing to learn as much as possible.