All Forum Posts by: Timothy Stolyaroff

Hello everyone,

I am completely new to real estate investing and have done some research and gained a little understanding. I have a little experience in real estate, I currently manage a 120 acre property not too far from where I live and work a full time corporate job in the pharmaceutical industry. I am a recent college graduate and have saved up some money for a down payment and want to create passive income and diversify my investment portfolio. I live in Portland, Oregon and the real estate here is getting more and more expensive and harder to create decent cashflow from rental properties. I am looking to ultimately create supplemental income via cash flow from rental properties. Texas, DFW specifically, looks attractive in terms of the prices of houses and the cash flow that can be established. I've visited Texas and had a look around so I am slightly familiar with the area now. My question is this. Is DFW and it's surrounding cities a good place to create cash flow through rental properties? It looks like some of these properties are also seeing appreciation. The biggest concern I have is how saturated the market is and whether there is truly a demand for rentals. I was looking at properties in Royse City, and Forney and found some houses that I can get decent cash flow on. Would it be possible to finance the home with an FHA loan, live in it for a year as per the requirements, and then rent it out? With the current property tax rates, hiring a property management company, and any other expenses, it seems like I could still net about $400-500/month. The mortgage payment would be around $1,200 and surrounding properties are renting out for about anywhere from $1,600-$1900 per month. Any input would be appreciated. I am excited to get into real estate and want to make the correct first steps, especially so far from home. Thank you.

Understood, what about a higher value property at about 200k would that be more feasible to attain a traditional mortgage?

So my goal is to basically create supplemental income via rental properties. I would love to do it here in Portland, Oregon but the prices are a lot higher relative to Rochester. My downpayment would be smaller in Rochester and I can have positive cash flow without having to put up so much money at risk. I figured I could buy a house here in Rochester, hire a property management company to handle the day to day, rent it out, and turn at least $200 a month in positive cash flow. If that work then perhaps move on to higher unit properties and so on and so forth. Not looking for appreciation in Rochester, just cash flow. I would scope out the city and some management groups beforehand so I could have a solid foundation to grow.

Hello everyone,

I have never bought a house or a rental, but I have started doing research and looking into what I would want. I just started my corporate career making an average salary. Looking to buy a cheap property to start my path to financial freedom via supplemental income. I came across Rochester, NY as a place with cheap houses, I am from Portland, OR. I was looking at houses at around $50,000. I figured I could hire a property management group to run the rental. My question is this, is this feasible/worth it? Looking at putting down 20% with a 15 or 30 year fixed mortgage. Would be in on this with a buddy probably so money is not super tight.