All Forum Posts by: Wilson Linder

Are the tenant buyers doing like a rent to own deal with $20k down?

And I'm wondering what motivation do the sellers have to do this?  Struggling to make payments so this is a sale without closing costs?

Question for the locals- how does long term appreciation look?  I know it skyrocketed over the past few years, but I am trying to get an idea what can be projected for the future.

Market correction is looming everywhere, but after the correction, will it recover and then continue to grow or just settle.  Obviously, impossible to answer really, but just your thoughts.

 I don't see how people just blindly recommend others to go invest out of state.  While it is a good option for investing, it's not necessarily the right time to do so for everyone.  Circumstances are different, especially in this case.  It's not a question of just buying OOS, but a choice between local house hack vs. renting+buying out of state. 

Run the numbers- 

Would renting in Dallas + income from OKC result in +/- cash flow, and how much?

vs house hacking with maybe 2 other people paying for mortgage?

 Where are you finding these 10% caps in c or above neighborhoods?

There are like 10000 rentals available in Phoenix.  What areas of the city have lower vacancy and are better to look for a property?

Thanks for all the tips.  I am leaning towards joining in on some syndications.  I just need to find the right sponsors.  I usually like to do things on my own, but it seems like this is more to stick with the successful "herd" or people who have had repeated successful investments.

Thanks @Michael Bishop,

I guess I'm just trying to figure out which is going to bring in the better results in say 6 years, or 20 years?

If I become an LP on a syndication that estimates: 9% CoC average with 17% IRR, and total return of 132%.. and they actually meet those numbers? Then re-invest those returns on another deal, and another deal, etc..

Or if I buy a multifamily that brings me back 6.2% CoC, cashflow $600 / month, and appreciates 2%/year? Then where am I gonna be in comparison at 6 years or long term 20 -30 years..

It would be a new LLC, so less of a problem with leftover issues. It's very different from CA laws about these transfers

@Michael Ealy - have you seen the property taxes raised up to the purchase price, or just increased a proportion from previous assessed value?

Are you still able to depreciate the structure at the purchased price when buying through an LLC transfer? Or can you only depreciate from the previous assessed value? or assessed value on county site?

Currently, we don't have plans to quit our jobs.  We both mostly enjoy our jobs, and we're just looking for ways to supplement income and make plans for earlier retirement.

Joining into syndications and then re-investing into another syndication deal when they complete, sounds like a good vehicle for that.