All Forum Posts by: Tony Blessings

@Ben Leybovich, thanks for the input.  Appreciation is nice, but i am not a psychic and i don't know what the market will do tomorrow, I know people in California who lost millions in 2007-2008 speculating in California. Cash flow is my lifetime friend, he never disappoints.   Really love all your biggerpockets podcast interviews. 

Corina, thanks a bunch. I will be there in Milwaukee in a week, i have decided on 8-10% flat fee, if PM does not like it, i have other PM waiting.

@Bianca, I would recommend that you listen to as many  bigger pockets podcasts as you can about people who have created great wealth with real estate investing. No one invests for appreciation. Brandon has weekly webinars that you can learn a lot. Also use the property calculators. If today was 2009, i would have told you buy as much property in San Diego as you can. Also, be careful with advice from real estate agents locally as some of them, not all, just want to sell. You need investor minded realtor.  https://www.biggerpockets.com/webinar 

@Kevin, While i value your opinion, i respectively disagree. Numbers do not lie. It does not matter where you live-- san diego, san francisco or cleveland: cash flow rules everyday. Unless of course you are playing the speculation game- appreciation which i do not play. If you buy right, it does not matter what happens after that. If property appreciates, then that is the icing on the cake.

Hi Bianca, if you are buying for cash flow, it is overpriced. At the very least, you should get 1% in rental income, in your case the rents ought be $5500. That is why i do not invest in California because the property values are too high to cash flow. Good luck though

Nathan, PM me the address

@Jenkins

purchase price- 112500

monthly rental income- 2650 combined for 5 units

renovation numbers- 2000 for cosmetics/painting. Property is occupied with long term tenants. Down payment 25%. Getting 20% cash on cash after all expenses including vacancy, capex and repairs reserves

Thank you very much Kelly for your input, you are God send. Really appreciate your contributions

I will be in Milwaukee, WI in 2 weeks to close my first deal. I would like to buy my second property and i am interested in anything from 4-plexes to 20 unit apartments and in between.. If wholesellers have any pocket listings, i would like to check them out and mostly sign a contract if it is the right match. 

@Byan- can you comment on what my current agent is charging? Is that normal? I would love to meet with you when i come by. Will PM you.