All Forum Posts by: Aaron Barber
Aaron Barber has started 4 posts and replied 62 times.
Post: How do you know a location is perfect for positive cash flow?
- Rental Property Investor
- Las Cruces, NM
- Posts 65
- Votes 38
There is no way of knowing a location that will definitely have a positive cash flow.
Its all in the numbers. Any property can cash flow if its the right price.
Post: 3 things I wish I knew before buying first investment property
- Rental Property Investor
- Las Cruces, NM
- Posts 65
- Votes 38
location, location, location
you make your money when you buy
always get a home inspection
Post: Can I do conventional loan on multi family with 5 % down
- Rental Property Investor
- Las Cruces, NM
- Posts 65
- Votes 38
Not that I know of unless you house hack it.
Post: 25+ Years Personal Finance Experience
- Rental Property Investor
- Las Cruces, NM
- Posts 65
- Votes 38
message him on this site
Post: How do you protect yourself from Inflation?
- Rental Property Investor
- Las Cruces, NM
- Posts 65
- Votes 38
I buy TIPS
Post: Disregarding the 1% rule?
- Rental Property Investor
- Las Cruces, NM
- Posts 65
- Votes 38
It just depends on your market. I have never been anywhere that the 1% rule works. I wouldn't have bought any properties if i relied purely on that rule.
Post: Financial Advisor says: Real Estate is a terrible decision
- Rental Property Investor
- Las Cruces, NM
- Posts 65
- Votes 38
$140,000 for a property that rents for 2400 a month?? Where is this located?
Post: What Is Your Net Worth Or Passive Income Goal?
- Rental Property Investor
- Las Cruces, NM
- Posts 65
- Votes 38
$5,000/month of income from real estate
Post: 1 Deal Per Day Feedback.
- Rental Property Investor
- Las Cruces, NM
- Posts 65
- Votes 38
Originally posted by @Nick B.:
$875K for a fourplex that only rents for $1400/unit is way too much. Borderline where a deal might make sense is "1% rule": your rent must be at least 1% of the purchase price. If it's less than 1% you will have negative cashflow and your only way out is appreciation.
As for expenses, check with local property managers to see what they spend on average on small properties (less than 10 units)
That 1% rule doesn't work in ALOT of markets. By the way its a small world. I grew up in NRH before I joined the military. Alot of family/friends still live there. Take care
Post: Applicant screening (too many kids?)
- Rental Property Investor
- Las Cruces, NM
- Posts 65
- Votes 38
Originally posted by @Justin Schaefer:
So now I'm posing this as a supplemental question to the original. What could happen if he were just never to have called this applicant back? Could the non-returning of phone calls be viewed as a fair housing violation?
Good ? Im just not sure how you could prove it. All you have to say is they didn't meet your financial criteria or you had a more qualified applicant.