All Forum Posts by: Tito Huynh

Thanks for the replies @Julie Dike, @Logan Freeman, and @Danny Johnson. I'll run my numbers and focus on listening to what they are looking for first.

Hello all!

I got a few leads on a few possible rental properties and a flip.

I'm analyzing the rentals and they seem pretty good. Would definitely be BRRRR type properties. I don't have any rentals yet, how would I estimate the insurance? If I'm not in a position to BRRRR now, would other investors be interested if I wholesale this as long as the numbers work?

For the flip, I got some extensive information from my website form (thanks LeadPropeller). I got their ideal price and cash price. But both are higher than what I'd pay for a flip. What negotiation tactics or other tactics do you like to use? I'm repeatedly listening to show 260 to prep for my call with the lead tomorrow.

Is the podcast not updating on Google Play Music? I only see 295 as the latest.

Hey Benjamin! I like your mindset. I wish I found out about real estate investment when I was your age. I'm KC local. Send me a PM if you want to connect.

Well I'm pretty new. But if you want to hear my story, shoot me a pm!

@Matt K. You're right. Having a bigger portfolio is better for avoiding vacancy. But that on redfin property wouldn't be one I'd invest in since it is okay. I'd invest in something that someone has let run down. Usually empty nester that is widowed or getting along in age. Could be a divorce or personal life change that could cause someone to want to sell the house fast. Those properties will tend to sell for less and you can rehab to get ARV backup then rent it out. But those are hard to find as OOS investors without boots on the ground.

I'll let you know when I get more information on how the guy runs his operation. Like I said, 2.6k is his average so he's renting some out of more than that.

@Matt K. You're right. I'm not sure how that individual plans his capex and other operating costs. I'm not in the rental game now but I can try to get in touch with him and learn more.

@Matt K. Correct. It is steep but there are people who want to move into certain school districts but can't find a house/can't qualify despite their income. Some of these renters may not want to deal with trying to sell a house if they feel they could move in less than 5 years. I find it is a good market that is underserved for renting. I'd go in myself but my company is too young and no capital for down payments.

These properties are in southern Johnson County. I'm not doing it myself but I know a broker's client that is doing this. Unfortunately, I don't have more details than that.

@Andrew Neal Right! You can buy properties outright in B or even A areas with that capital. 

@Andrew Neal I'm not sure about California but KC there are some RE investors that specialize in these types of rentals. Average monthly rent is 2.6k. Great tenants that take care of the property and want to sign longer term leases, 2-3 years. If you can do the down payment and get the loan, it can be very lucrative. If you can't do it traditionally, I've heard of people using private money or hard money + BRRRR strategy to acquire properties.