All Forum Posts by: Aaron Hunt

This is how I got started out...in Class A investing.

5% down on first property $229k, now worth $305k

(paid down to $205k)

12 months later, rented it out and moved on for + cashflow

5% down on second property $293k, now worth $350k

(paid down to $265k)

12 months later, rented it out for + cashflow

25% down on 3rd for $176k, now worth $205k

(paid down to $130k)

HELOCs open on all 3...that haven’t been touched.

My earned income is somewhat high so qualifying is really never an issue at this price point.

Will go until I hit the 10 property fed limit.

Just gotta vet your PMs well. I barely ever hear from any of mine.

I’m a millennial landlord and 75% of my tenants are NON-millennials...so there’s that anecdote.

@Russell Brazil

You’re making $728,500 a year as an agent!?

That is impressive.

Thank God I found two agents who don’t have their head in the clouds.

Agent’s these days do a fraction of the work that their predecessors did.

Agents want buyer's to go on Zillow/MLS/whatever find the house, offer list price without any work other than an e-sign.

They then expect to be rewarded with 3% for peanuts of worth of actual time.

Go 5% down owner occupied, rinse and repeat the following year.

Yes, only because I went to med school after. I’m in the top 2% of earners income wise + while making a difference in lives. My wife, kid, and I live in a 1 bedroom, 1 den, 1.5 bath condo. Our cars are both over 10 years old - and paid off.

It also allowed me to accelerate my RE investments. I can buy Class A/B (tenant equity paydown + higher opportunity appreciation + cashflow = wealth generation). I don’t nickel and dime tenants because I don’t need to.

My goal is to buy for cashflow and slowly back down my work hours.

Education accelerated my ability to achieve financial freedom.

Why not Vegas? Thats where I buy.

I’d have probably changed nothing.

I invested $10k into my original 5% down Class A townhome that I lived in for exactly one year, moved out and rented out.

By year 3, luck struck with the local market and it appreciated +$70k. I dropped the PMI, and opened a HELOC of $20k, with $100k in equity.

Set our life on a different financial trajectory, and opened us up strategically compared to nearly all our peers.

@Harrison Elenowitz

Being someone that has bought/owns multiple rentals off MLS (ranging from Class A to C) - I never shoot for and waste time with something that has been on the market for that long.

The market has ruled out these properties for me. I don’t I want to own something that no one else desires.

Or, I’m dealing with an incompetent/unrealistic combo of a seller/seller’s agent, who can clearly sit on the property - also not worth the time.

I use these sites to track zip codes and specific neighborhoods. I find homes that are <1 day and priced low and I try to get my offers in and accepted fast.

It's all about if the numbers work - doesn't matter if MLS or not.