All Forum Posts by: Simon Ashbaugh

I personally like the biggerpockets calculator or THIS one, both take all the guessing out. As long as your numbers are correct, the numbers don't lie.

0 Votes

How quickly do you want to scale? If you will stick with one for a bit I don't think there's a need for it. If you want to get a few more in 2023, it would make sense to get one just after the first of the year. I'd go for the Wyoming LLC personally, but I really value anonymity and paying as little tax as possible.

0 Votes

Washington, DC

Quote from @Matthew Harding:

Hi all - I’m looking to purchase my first investment property near Houston. Single family home, relatively turn key, ~$250k, decent schools. Given rates are what they are, I don’t seem to find anything that positively cash flows. Is it silly to be looking at that as a factor? I don’t want to do any significant renovation work with this being my first, and I don’t expect to cash flow significantly, but I am having a hard time finding anything that breaks even. Maybe I’m being too conservative on my numbers, but I thought I would poll the group on whether this is just the nature of the current environment or if there are other things I am not considering. Thanks!

Did you choose this market bc its local? If you cant find anything there, checkout Ohio! Columbus is the fastest growing metropolitan area in the midwest with decent cashflow, and appreciation 8% higher than the national average. Cleveland is incredible for cash flow, with around 60% of households occupied by renters. Happy to chat more in-depth on these markets if you shoot me a DM!

5 Votes

Houston, Texas

It's always worth a shot if you're willing to risk insulting the seller. Are rents at market rate? Does it need work? What do comps look like? There are a lot of things that go into whether something is worth a certain price.

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Checkout Ohio! Columbus is the fastest growing metropolitan area in the midwest with decent cashflow, and appreciation 8% higher than the national average. Cleveland is incredible for cash flow, with around 60% of households occupied by renters. Happy to chat more in-depth on these markets if you shoot me a DM!

5 Votes

Depends on the property and area, but, id start with 5-10k and throw $100/month/door in there till its at 20k or so

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Tampa, Florida

I think $1000 net cashflow per door would be magical, but my realistic number in my market is about $400/door

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Quote from @Beatriz Casarez:

Hello,

I have 2 long term rental properties in central Texas. I would like to buy another property in Texas, but property taxes are so expensive. So, I have been looking in St Louis but still question my target market. My initial thoughts were to buy a duplex and get a good cash back return, but since I am still questioning the area, I start to think a single family would be best to start with. But, that could just be my fear kicking in. What are things you do when you question your choices in real estate. Any advice, would be appreciated.

2 Votes

Austin, Texas

Congrats on the deal!

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Quote from @David Lund:

Quote from @Nate Sanow:

Quote from @David Lund:

Quote from @Nate Sanow:

Quote from @David Lund:

Quote from @Nate Sanow:

Deals aren’t found, they are made.

They can be created via off-market strategies and a willingness to buy distressed...

Great advice and gives me a new perspective to think about! Do you have any suggestions for off-market strategies that I can research? @Nate Sanow

Get on wholesalers lists or learn how to wholesale… basically. You don’t have to be a wholesaler but you do need the same skill to get off market you just can be your own end buyer.

@Nate Sanow is wholesaling something you do with an agent or alone?

Most agents don’t wholesale. If you find one who does you could squad up but I wouldn’t look there. Also off market isn’t equivalent to wholesale…initially I was referring to off market opportunities, learning how to get those - and the real trick is agents can represent you on those and have more access to those than they or most people think.

Great advice as always!

Start cold calling for offmarket deals! that's how i find all mine

0 Votes

All Forum Posts by: Simon Ashbaugh

Simon Ashbaugh has started 0 posts and replied 838 times.

Post: Best way to decide on a purchase price

Post: Proper LLC Structure

Post: Is positive cash flow a myth in today’s environment?

Post: Can someone help me make an offer on a deal?

Post: Multifamily market options

Post: How much should you have in Reserves???

Post: What's your magic cash flow number?

Post: What do you do when you question your choices?

Post: Rental purchased to move tenants from one home to another

Post: Monthly cash flow dead?