All Forum Posts by: Spencer Cuello

@Spencer Cuello I do like that stocks are more liquid. That also works against me. It is too easy for me to exit a position and miss out on long teem market gains. It seems to me the market has a lot more opportunities since stocks go up and down every day and you can buy any stock you want. Versus real estate where I have to hunt for deals and pounce went the right one comes. I will take your insights into consideration. Thank you much.

Agreed, a lot less barriers to entry in the stock market. An investment advisor could help you stay disciplined for long term market gains.

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Great question. There is room for both in a well diversified portfolio.

Question 1: Profitability

Run the numbers on the real estate deal and compare it to a mix of diversified dividend stocks. Like you mentioned, if a company has a down quarter they can cut their dividend, so holding a basket would be wise.

Question 2: Liquidity

How much do you need liquid? Stocks can be be converted to cash in 2 business days. That can help guide your target allocation.

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Hi there - It will depend on your goals for the funds and the profitability of the real estate deal. The stock market can be a lot more passive than owning a rental property, so if the numbers aren't great on the deal, investing in stocks or taking advantage of the high rate environment could make more sense.

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Orlando, Florida

@Jennifer Volek This deal is currently under contract

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Fort Worth, Texas

Hello BP Community! I've identified a solid 1-4 unit multi-family opportunity in Fort Worth, TX and may look to bring in a partner on this deal. Message me if interested in learning more about the opportunity.

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Fort Worth, Texas

Quote from @Travis Andres:

Congrats Spencer! Would you mind sharing more details?... What area? off-market or on? Did you rehab it? Work with anyone good and worth recommending?

Looking to get started with my first in the Fort Worth area so any insight helps.

Thanks!

Thanks Travis! It was on-market towards the east side of the city. Did not do a major rehab but did minor cosmetics/upgrades.

Absolutely, I'm happy to share my my team that made it happen. Let's connect

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Investment Info:

Small multi-family (2-4 units) buy & hold investment in Fort Worth.

Purchase price: $255,000

I'm very excited about purchasing my first investment property in Fort Worth! Happy to connect with other investors and grow further!

1 Vote

Hello BiggerPockets community!

As a first time investor, it has been near impossible to get a DSCR loan so I have been looking to conventional financing. I want to quitclaim the property into my LLC and my lender and I are on the same page. Does anyone have experience doing this in Texas? Is there anything important to note while thinking about this strategy? Thanks!

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Dallas, Texas

Hello BiggerPockets Community!

I am taking a look at the Philadelphia real estate market, which looks affordable. Wondering if there are any investors that have trusted investor friendly agents that know the ins and outs of the city, and which areas are seeing growth. Happy to connect with any investors with experience in this region!

Thank you

-Spencer

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Philadelphia, Pennsylvania

Quote from @Miller McSwain:

"There are lots of property management softwares. I'm a single-family investor, and I recently looked through the most popular softwares and selected one. The products I investigated were:

1. Tenant Cloud

2. Apartments.com

3. Innago

4. Avail

5. RentRedi

I was looking for a software that met the following criteria:

1. Online payments from tenants

2. Automatic late fees

3. Maintenance request portal

4. Free for the landlord

5. Online applications

6. Tenant screening (background checks, etc)

7. Lease signing

8. Ability to post vacancies in the software

I found that Innago was the only one to meet all these requirements. It does charge a $2 fee for each rent payment, but that is charged to the tenant by default. I haven't had any complaints from tenants about this charge.

The other softwares were pretty good, but here are the deal breakers for each.

Tenant Cloud: Tenants cannot setup autopay unless we have the paid version

Apartments.com: You cannot upload your own lease, you can only make modifications to their lease

Avail: You cannot upload your own lease, you can only make modifications to their lease

RentRedi: No free version AT THE TIME

***I investigated these softwares 8-12 months ago, so some things could have changed. For example, RentRedi is free now if you are a BP Pro member that could potentially make it a contender with Innago for my use. I did try it out recently, and the only thing holding me back is their lease signing feature. It doesn't prefill any of the lease for you. With Innago, for example, I uploaded my lease and indicated where my name, the tenant's name, checkboxes, etc need to be automatically filled. RentRedi doesn't prefill anything, which is a timesuck and a killer for me :("

Hey Miller,

Really appreciate the thorough analysis! I made accounts with Innago and Apartments.com yesterday and will probably utilize Innago given the dashboard, and ability to upload existing leases. I will update the thread with my experience in a month or two.

Cheers,

Spencer

1 Vote

All Forum Posts by: Spencer Cuello

Spencer Cuello has started 25 posts and replied 49 times.

Post: Investing in Dividend Stocks vs. Single-Family Rentals: A Comparative Analysis

Post: Investing in Dividend Stocks vs. Single-Family Rentals: A Comparative Analysis

Post: Been a Property Investor. Thinking about investing in STOCKS.

Post: Fort Worth Investment Opportunity

Post: Fort Worth Investment Opportunity

Post: Fort Worth Investment Property

Post: Fort Worth Investment Property

Post: Quitclaiming a property

Post: Investor Friendly Agents

Post: Rent Collecting Software