All Forum Posts by: Shiv Jey

Looking for great cashflowing B class mutlifamilies with favorable returns priced 150-300k or higher (but I figure if higher then might as well get into apartments). I've done the SFR's, just did a duplex in Cleveland last year and it's pretty good, better returns than my SFR's. So I figured let's do more of these. But, the quads I look at with the best return all seem like D class 500 a month rents and I really don't want to deal with that kind of stuff.

I see Cleveland's got em.  They got gnarly taxes too.  Who else?

There's tons of discussions about great rental markets for 80k houses that rent for 800/mo (cleveland, memphis, KC, Indy, OKC are perennial big hitters).

What about the markets that have fairly easily rentable 2k houses in B class that still cashflow, albeit not as well as the ones mentioned above? I'm not at the point of apartment investing yet, but I have a bunch of 80-100k properties and though the returns are really good, this just isn't scalable. I want fewer properties that cash flow more, sacrificing COC returns so in 5 years I can exit the rat race. Instead of 50 houses cash flowing 500 each, I want 25 houses cash flowing 1k each. Managing 10 units already dispersed through the country and it's not as passive as I thought, even with PM. 5x this just makes it another JOB.

I've scoured the forums and found several great markets that proudly present 100k and under houses that rent well.

Now, how about the 150k-200k and higher houses, that rent for ~1500+ with better tenants, not 100 year old houses, fewer maintenance issues, and reliable heavy duty cash flow.  Instead of 50 houses cash flowing 300 each, I want 25 houses cash flowing 600 each...those are arbitrary numbers but you get the idea!  

Any markets that can present such houses with an avid rental population looking to gladly pay this much and be good respectful tenants? 

I’m looking to Airbnb a condo in Seattle.

Can anyone provide Airbnb/STR reccs in the Seattle area who can help identify potential condo buildings and help with management?

I see a lot of the newer larger condo buildings/complexes have strict HOA's that disallow short-term rentals or airbnb. Occasionally, I come across a listing for a condo where it says it's ok.

What condo complexes allow AirBnB or short-term rentals?  My goal is a second vacation-home in Seattle near downtown where we can easily Uber/walk, whereas the majority of the time it'll be Airbnb to pay down the mortgage.  Less interested in cash flow (but not NEGATIVE cashflow), more interested in location and having visitors/tenants pay down the mortgage.

Still looking for investors?  Can you email me proforma?  You're selling shares...are profits paid out in dividends?  

It's been over a year since I started.  I read all the books and thought this should be easy...

And it is...sorta.  Finding deals is by far the hardest part for me.

Multifamily is so ridiculously overpriced. The deals that I got into were "OK" and are performing "OK". My SFR's are performing "OK". Lower than what I predicted, better than traditional stock markets...OK.

And now, everything is hotter, everything is more expensive, and these same investments at these inflated prices are no longer OK.  Then someone posted a week or so ago about midwestern markets.  The cashflow from them seemed better.  I found a couple people in Beloit/Janesville and !@#$ the returns are way, way better from cashflow, even if there is no appreciation.  

So my question is, where are the other Beloit's out there?  Where one can consistently beat 1% price to rent, and even flirt with 2% if some sweat equity is willing to be expended?  I'm an OOS investor...to hell with Seattle.  Still too inflated to even break even on cashflow here despite the appreciation play.

@Shiva Bhaskar

Can you share your property manager there?

@Robert J Carlson

Please email me some example deals [email protected]

@Mark Enriquez

PLease add me to your buyers list! [email protected]