All Forum Posts by: Nick Johnson

Well I was planning on paying cash for 2-4 duplexes in one of those above stated areas. So no matter how bad the market gets, I can always lower the rents untill the market goes back up. No need to exit at all for any reason. It's not the property that gets you rich but the tenants that do :D

As for management, that is the most important part IMO and once I select a city, then I have the project of researching managers in that area. That will be my biggest obstical I think. No one will have the same regard for the properties that the actual owner has. The owner wants the best and the management firm usually just wants the income. Different motivating factors. Lots to look into in that area, but first I have to pick my city of choice.

Looking for a city that will appricate ( so is currently undervalued ), has a vast pool of renters ( universities or military bases nearby are great ), most (70-80%) can afford the rents on my properties, has low vacancy rates, has a low end that I can get into 10-40k a property, etc...

Thanks for the advice and support so far :)

I am looking for multi-units that need some small clean-up. I find those seem to be the best deal overall when it comes to undervalue. Paint, flooring, sinks, toilets, light fixtures, etc are an easy quick fix and make a world of difference.

I am only concerned with positive cash flow and by how much. Appriation is not a factor at all for me. I am trying to build up a life long steady stream of income for myself and family.

Any other thoughts/advice?

Thanks so far guys/gals!

Ok so here are some other choices, please of you may eloborate as to which could be good and which could be evil? Perhaps if you only invest or research or live near one or two, just talk about those :D

Pittsburgh, PA

Buffalo, NY

Albany, NY

Rochester, NY

Philadelphia, PA

Dayton, OH

Cincinnati, OH

Indianapolis, IN

Columbus, OH

Thanks in advance so much for anyone lending a helping hand!!!

I am looking to do the same. I also live in CA and prices are out of control. I have a feeling this is REALLY the most important part of owning and renting out properties. I really really great property manager, that treats you place like their own are hard to come by I would imagine. Are there any out there? Better to go with a big statewide or national group or a mom and pop manager service? Please please jump in here experts, this is one I am highly looking for replys on! :D

Agreed! I am looking for the same info. If any of you have personally done this, please speak up. Most appriciated, TY.

I am a total newbie. Only 25 and looking to get started. I have grown up watching my parents (own 6 properties) and want to get started myself.

I was browsing around and notice there are many many multiunits in Buffalo NY in the range of $9000-Anything. Mainly speaking on the lower end offers from $9000-$35000 each. It seems like the rents per side range between $250 and $475 consistently. If the mortgage is only $400 and the rents bring in $500-950 why are these still available on the market? Am I totally missing something BIG that I just can't see??

Please, advice/thoughts/ideas would be GREATLY helpful and appreciated!

Thanks in advance!