All Forum Posts by: Aaron Hunt

@Jim K.

Best post yet.

Who cares? Just keep doing it until the banks tell you that you can’t anymore and just keep making payments.

Or go hard money if/when the time comes.

I rented to a politician once.

Clean record, high income, but had a foreclosure on his file.

He used my property to house his mistress. Then dropped her like a sack of potatoes when he found someone younger.

I almost had to evict her to but to hush me up, he came to the rescue and paid in full including all my late fees.

Public figures are the shadiest!

@Kyle Reynolds

Wouldn’t even stress about it.

I did the almost identical thing...back to back years in Vegas.

As an example, just my first Vegas prop:

Summer 2016: $230k w/ 5% down

lived there a year

bought second place & moved out (repeated this)

rented the place out

initial cashflow $-125/month

dropped the $75 pmi/month by end of year 2

equity paydown of $8k and appreciation of $70k

raised to market rent

now cashflowing +$50/month

cashflow turnaround of +$175/month just by sitting on it

And these aren’t pos digs either. Class A. I’d move back in and live a great life, as my tenants already do.

Fak no.

My tenants need to make bank, no foreclosures, no evictions, no bankruptcies, no excessive debt.

First post on BP that speaks some truth about multi-family investments. Took me a few years to find one...

As someone in healthcare, ain’t nobody got time for that.

For a high W2 income, go to should be Class A, or B, buy and forget. Ground work is finding the right PM, well in advance. Don’t go for top dollar rents every time. Price it for maximum number applications and non-a$$hat tenants. Class A & B -> you know they got the moneys.

Accumulate rentals with hard earned discretionary income, down payments, or HELOCs from appreciation and equity pay down by tenants.

Very different strategy than most but it keeps you sane so you can focus on accumulating properties by leveraging that high W2.

My day job and my first born.

This. I’m getting my tail kicked trying to find a primary residence right now. It’s kind of nuts.

We just offered full asking yesterday on a home after seeing it pre-market (no lockbox), and we probably still won’t snag it!

My investment property rents are all going up as well as well. One of my Vegas homes just went vacant and it got slammed on Day 1. We’ll probably ask for best & final, ha.

This was after a 7% increase in rent to bring it to market mean, after being rented for just 6 months.

And out there, inventory has steadily increased, but the list/sales prices are flat or are even going up. Makes no sense! It’s like all these investors are just holding tight.

NoVA is off in its own little world. Hardly a resemblance of the rest of the state.

We live in Maryland, but the majority of our investments are located in NoVA due to tenant laws. They were bought as short sales during the crash. Problem with NoVA is they overbuilt and flooded the market with housing. Otherwise that Pentagon City/Arlington area would have gone real nuts.

In the 10 yrs since we bought ours, they’ve only appreciated about 25%. Class A, and Class B rentals.

Crazy to think those were short sales and still didn’t fall much at all. Compared to our Vegas properties which have gone apes***t during the same (or less) interval.

And yes, sometimes housing prices make no sense there. My friend just bought a 7 figure SFR as his primary...without a garage. Nearly lost my mind when I saw that.

Or have him throw out a number and let him do the hard work.