All Forum Posts by: Zachary Ware

I think it depends on what your specific goals are and what position you are in. If I had multiple cash-flowing properties then I might be ready to move into an appreciation play. If I lost my current salary for any reason and thought the other properties could support negative cash flow while waiting on the appreciation, it could be very profitable and "safe". If I were in the early stages of investing, I would not want to purchase a negatively cash-flowing property and be putting money into it every month for likely years. Just make sure you do enough research to be confident in your long-term goals with the property. Are you going to sell or refinance to pull out equity, and do you expect it to cash flow then? 

Hey Eric,

You will get better quantity and quality responses here if you add more context in the body of your post. 

If you are looking for cheap properties, I assume you are looking for cash-flowing properties and not necessarily appreciating properties. I see these properties in Alabama, Georgia, and Mississippi. 

Hi Matt,

First off I think you have a solid plan in place. As you stated, I would pay off your debt and start savings as you are going to want not just the down payment but also reserves. Having 3 - 6 months of payments in reserve would be ideal at purchase. This will really depend on what you are comfortable with, what your lender will require, and what condition the property is in. If you are having to lease up the property, I would want more reserves than if 3 units are leased for the next 12 months. Finding a 4 unit that cash-flows is pretty tough but not impossible. I would speak with a Lender and find out exactly what type of financing you can get to start. This will help you narrow down the property you are looking for greatly. This will help you answer 1)What type of property you should be looking at 2)What price range you should be looking at 3) What kind of cash flow you need 4)If you need to bring in a partner. And honestly, there is nothing wrong with taking some time to build up your cash while learning more about investing. BP is a great place and I would recommend taking the BP House-Hack Bootcamp. I thought there was a lot of great material and even better connections to make! 

Good luck! 

Hi Justin, 

Great List! Don't be afraid to offer a purchase price that makes sense for you even if it is much lower than the seller expects. 

I see where you are coming from, wanting to have all of your bases covered but don't like the idea. I would not want this as a landlord nor as a tenant. 

One of the many reasons I love the BP community. Initially, I thought that offering discounts to LE is a great idea that I had not considered. But after going through the thread, I did not fully consider the issues that could arise.

Hey Zach, 

Would be happy to discuss this with you, just sent you a PM! 

Congratulations Wendell, this looks like a great purchase!!  

Why are you looking to put the money into properties instead of scaling the business you are currently running? To me, it sounds like you are making a great return in your current space.