All Forum Posts by: Zach Mueller

I am new to real estate investing and am looking for my first deal. While I am mostly looking for a deal in the larger markets near me (Twin Cities or Des Moines), I came across a four-plex in a small town. The numbers seem to check out (+$800 monthly cash flow, +30% cash on cash return, etc.), and the building is currently full with long term leases in place (not sure how much time remains on each lease). However, the town it is located in has a population of about 1,300 with no thriving metropolitan area within 100 miles, which gives me concerns about finding future tenants and higher than average vacancy rates. Has anyone had a similar experience and can share some wisdom?  

Thanks! Zach

@Mason Hickman

I appreciate the advice, and I agree. Yes, my current home would work as a cash flowing rental, but I don't love the cash on cash ROI based on the money I have in the property, where it might be better to sell and reinvest the proceeds elsewhere.

Hey everyone. First time poster here and seeking some advice.

After about 10 years away, my wife and I moved back to our hometown last summer, bought and fixed up a house, and intended to make it our “forever home”. It’s great and all, but now that we’ve settled in, we are starting to become a little concerned about outgrowing it if more kids are in our future. Yes, I know, we probably should’ve thought that through a little more at the time, but we are where we are. 

As we now look for our possible next "forever home", I am toying with the idea of buying a home in the near future using the BRRRR method and renting it out for a year or two. Once we have lived in our current home for at least two years to take advantage of the tax benefits, we will sell it (essentially making it a live in flip) and move into the other home.

Without getting into the numbers, the deal would likely have a slightly negative or break even cashflow while renting. But, after talking to a contact at my local bank, I would likely be able to get most of the money back out of the deal with the refinance.  

Would it be beneficial to go this route, or would it be wiser to go a more traditional route and simply buy a house to move into in a few years?

Thanks for the feedback! 

@Elenis Camargo Awesome post! Truly inspiring stuff for someone who is just beginning the saving and researching process!