All Forum Posts by: Simon Ashbaugh

I am having trouble finding any properties that cash flow after considering mortgage, insurance, cap ex, vacancy rate, etc. Have you had any luck in your areas? It's starting to become a pretty big concern as a new investor wanting to get into the market. 

Any advice or insight is appreciated!

Hello, my name is Nate -

I'm a motion designer and video producer based in Austin, Texas, but I'm about to move to Colorado.  I have a great career in tech (which is completely remote) and recently have had a serious interest in real estate investing. At the moment, I'm reading a lot of books and listening to podcasts to educate myself. I am fortunate to have some money to begin with, excellent credit, and a well-paying remote job. My goal is to have at least three to four buy-and-hold rentals producing cash flow by the end of 2023. It's also important to note that my wife is on board. I'm diving in and hopefully will be looking for my first deal soon.

It's great to meet everyone and discover this community.

I am in California and finding a cashflow property is hard. What states are people buying properties in today that yields cashflow? Serious investor here. 

Hello BP ! I am planning to buy a duplex or triplex to house hack in and need some ideas on the location. I am considering the following areas mostly because of the low price points they offer. Toledo, Akron, Canton, and Youngstown Ohio. And also Pittsburgh Pa metro area. My price range is between $50k to $150k. I will live in one of the units. It can not be a fixer and must be move in ready or maybe it just needs a little paint because I am not that handy and I don’t want to mess with fixing stuff.

I am also thinking about furnishing one of the units and making it a medium term rental for travelling nurses. My question is which location is best and also if a property priced this low can it still qualify for a medium term rental ! If you have any advice or experience, I would appreciate the help. Thanks.

Wondering what everyone does between deals to keep yourself sharp? Recently completed my second deal. Need to build up a down for my third deal now. I know it will probably be 8 months to a year, before I'm ready for my next deal. I am still look potential deals all the time, but cant capitalize on any good ones. I feel like I'm missing out, but don't want to over leverage myself either. 

Quote from @Simon Ashbaugh:

Quote from @Luke Stewart:

Quote from @Simon Ashbaugh:

Good food for thought, do you see a decrease in the number of travel nurses now that covid seems to be winding down? 

 I find the market is always fluctuating with needs. Contracts are posted about 4 weeks before a start date so its changing all the time. Rural hospitals that see less patients will need less staff. But big cities with large populations will need help. There were less contracts this summer but it has picked up again this fall. The biggest change I have seen is cheaper contracts vs covid. But everytime I take a contract, the staff are thrilled that I am there because they need the help. 

 Interesting. How have you marketed your MTR? Has it been specifically to travel nurses?

I don't market specifically to travel nurses. I try and mention all the things someone could want. I mention the distance to hospitals (nurses), my work from home set up (WFH), park across the street for dogs (pet owners) and that its furnished like a home and not a rental (families), all the kitchen appliances you could ever want. Also, the way it's listed is different on FF than on Airbnb, on FF I talk more about hospitals and the travel nursing "exploring colorado" energy. Airbnb i mention all the other stuff.