All Forum Posts by: Stephen Gonzalez

Thanks everyone for the feedback. I am 42. I am newbie. I just have a SFR home in north jersey that I am a resident with my wife and daughter. I have a 30 year mortgage. Previously I was able to sell a house then a condo both in which I lived in and made pretty good money. They were my primary residence at the time and I got lucky. So I now I have a large savings making 1.9 interest. Its killing me. I also have a large IRA that I most likely plan to convert to a Real estate IRA.

I was advised to go into buying multifamily properties. So I can capitalize on cash flow. This is the route so far that makes sense to me. NY/NJ are nightmares for REI without alot of money. Its a tenant friendly state on top of that. I seeking out of state. Which is a little unsettling.

I am looking into some mulitfamliy properties in Florida and Indiana.  New construction has peaked my interest however I am started to get paralysis by analysis.  

Thoughts?

Is it ever wise to buy real estate cash and have no mortgage?  i thought putting the least amount of down and having leverage is the smarter move?

Looking into investing duplex and 4 plex homes. They are new. Actually preconstruction. I know the benefits are home warranty and no cap x or repairs expense needed in the beginning. I am new investor and looking into getting good cash flow. I would need 70k for 25% down. I could buy 2 of these and still have money left for a single family home that only needs 20k down. This would essentially wipe out my savings. Is this not a smart approach? I have large IRA as well. So I could use that however I couldn’t touch that money until I retire. I almost worried about hurricanes. Is anybody invested in Florida? I am newbie so bear with me.

Thanks for the reply.  These are not my numbers.  This is an example from a turnkey website.  I know there probably isnt a generic answer, however is 4% increase in rent normal?  Is this number based on inflation?   

I am very new to REI. I am starting out by educating myself first. I am looking into turnkey passive real estate out of state. I live in North Jersey. So it does not make sense to invest here. I am trying to understand cash flow analysis. I am going to attach two pics of analysis. My question is: how is my "Gross Scheduled Income" going up every year? In this example am I raising rent every year?