All Forum Posts by: Timothy Joseph

I'm dumb when it comest to taxes and how it helps.   My accountant rocks and just let her do it all.   We have alot going on so I cannot follow it.   I'll have to go see her and learn some more....

Great advice everyone, thank you.

@Will C.  Cash flow isn't that important to me, what is important is being positive and having enough money to afford any repairs in the future.  I want each property to sustain itself.   

Why a 20 year note?   No good reason.   I pulled it out of thin air.   I'm not joking.   Since it's an investment I don't want to pay on it for 30 years.   

Ill PM you the last question.

@Cody L. Interesting.....   It's much different in California though...  Does the rent there scale with the added expense of property?   Are we comparing apples to apples just it's a larger scale out west?

Well this is off topic.....  How did you get that fancy calculator?   Mine is boring.....

Ok, I own two properties that I have had awhile, they are rentals and I am loving the numbers.   I am now looking to buy more and the market has become super tight here.  Prices are high and inventory low, a definite sellers market...   My question is, how much cash flow if any should my rental unit generate, knowing that I am generating equity in the property.

Every new position I buy moving forward will be 100% financed. That being said, If I amortize at 20 years, and after rent and expenses the property generates very little cash flow, like $30 per month, would that be considered a horrible investment? Keeping in mind after 5 years I should have accrued $25,000 in equity in with zero money of my own? That sounds like a good return to me..... Further, its a condo with zero outside maintenance and fees other than the HOA, which I love.... (I already have one its the easiest thing ever to manage)

In my searching, I have found most listings are generating negative income when looking at a 20 year mortgage and 100% financing.   It's far and few between that result in these zero net or positive cash flowing properties....

@Matt Castle thanks.   Did you end up building that 4-plex?   I'm just crazy enough to build something myself.  I'll take your advice and price it out, then find out if the city will let me be the GC.  

Hey everyone, been lurking on here just a short time and seems to be a great community. I am pretty new to investing, I own two properties, a SFR and a Condo, both are rented. I would like to continue to grow my portfolio by adding a duplex etc. Here in Knoxville TN the availability of multi unit real estate is extremely limited, and in my opinion over priced. For example, a duplex went on the market with an ask of 208,000. They were two bed one bath units, about 850 SQFT each, and they were in horrible condition. It was pending in less than 6 hours of listing.

I have access to moneys to buy but my goal is to pay off all properties with an amortization schedule of 20 years, not using any cash down, and having the rent incomes pay all expenses and mortgage.  

This being said, I have found the ones that come on market provide a negative cash flow at a 20 year amortization.   They are also in dire need up updates.

Here's my question, I started thinking about purchasing land and building my own duplex.  Can anyone speak to the cost comparison of buying vs building?  Seems like I could likely build new for the cost of run down....