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12 March 2021 | 21 replies
I would say you could still achieve both long term rentals, BRRRR's and purchase some high producing vacation rentals in both markets.
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6 June 2021 | 38 replies
Met him at one of his other rental properties and was friendly and chatted about his different properties. asked him what his plans are for the properties and if he ever thought of selling. he Said "No" not at the moment. a year went by....and then After my finding my father deceased from committing suicide from hanging on 12/27/2019 and taking a month off work from my job at the prison to arrange his affairs and spending time with family I knew I needed to stay committed to my plan and goals of acquiring multifamily assets that produce cash flow and equity so I will never HAVE to work in a prison again asking for time off & just for a pay check trading time for dollars ( I still needed the paycheck though).
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3 September 2020 | 2 replies
Obviously, positive cashflow is much harder to reach in a duplex when one of the units does not produce rents.
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24 November 2020 | 23 replies
@Brandon Ribeiro I’d advise joining a high producing team which will provide you training and leads.
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21 September 2020 | 30 replies
HIGH LEVEL VIEW:Potential locations: appreciation, population, per capita income, taxesLocation validation: major employer viability, economic trend, economic stabilityTarget tenant pool: segment most likely to produce "good tenant pool" tenantsProperty profile: type, location, configuration, rent range which the target tenant pool is willing and able to rent and is profitable.Investment team: property manager, realtor, trades and others as neededCandidate properties: price, ROI, time to rent, crime, location, proximity to jobs, trafficSpecific properties: return, time to rent, rent range, rehab cost, rehab risk, area vacancy rate, proximity to jobsLOCATION RESEARCH:City economics: https://fred.stlouisfed.org/categories/27281Neigbhorhood breakdown: http://www.city-data.comNiche ranking: https://www.niche.com/places-to-live/search/best-places-to-live/Property taxes: https://www.fool.com/millionacres/research/property-taxes-state/Property insurance: https://howmuch.net/articles/homeowners-insurance-rates-2020CORE 4:Team members that is especially important for OoS investments are Realtor, PM, Lender, Contractor.
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18 March 2021 | 6 replies
(they aren't giving us credit for the deal being an income-producing MHP, therefore the value they base their loan on is severely under what it should be).
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4 September 2020 | 3 replies
On the other hand, even with average numbers flip should produce at at least 20k+ in profit.
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10 September 2020 | 7 replies
Putting 20% down will reduce your monthly mortgage cost and produce cashflow more quickly.
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26 August 2020 | 27 replies
Set my two properties on a new glide path to produce better cash flow and in a position to pay down the balance faster and leverage the equity for future investments and purchase another rental property in the following year?
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24 August 2020 | 8 replies
Markets with good cashflow don't appreciate as well, and markets (like Socal) that appreciate well don't produce as much cashflow.