All Forum Posts by: Account Closed

Great advice from all of you.  I think turnkey works well with my situation right now.  Things might change later (as they always do).  Focusing on my side business that creates down payments for me is key right now.  I like what you said, @John Morgan.  Simplicity is key and I do not want to make things too complex.  

@Benigno Cunanan - Yes, this is after capex, vacancy, repairs and PM.  

@Ashley Cao

@Ashley Cao - I'm new myself, but I do not know if there is a "magic number."  It seems that the higher the cash flow there is increased risk.  For example - low C and D class properties.  Maybe others with more experience will have a better answer.

@Darlington Agu

@Darlington Agu - Thank you.  I will definitely look into this as time frees up.  

@Patrick Fraire:  ~ $250/mo.

Increase your savings rate.  

I live in Brooklyn, NY, but invest in my hometown of Little Rock, AR.  

Thank you all for the responses.  

@Frank Wong

@Frank Wong, you are correct.  I am looking for monthly income right away and do not have time to vet contractors, look for finishes, etc.  It seems like the best use of my time at the moment is to work and build up down payments.  In reality, without the cash I would not be in RE.  

Does the following date and time work for everyone?

Date: 12/17/2018

Location: Fortina - 445 Albee Square (located downstairs in City Point Shopping Center)

Time: 6PM

Please let me know if you are able to attend.

I currently have one SFH located in Little Rock, AR purchased via turnkey. My long-term goal is to build a rental property portfolio that will ultimately exceed my earned income.

I understand turnkey properties come with a premium.  Based on my experience from the first purchase, the process was pretty streamlined and cash flowing from day one.  This worked well for me since I am investing OOS and have limited time due to working full-time and running a side business.  

What are your thoughts on buying multiple turnkey properties?  Any thoughts would be greatly appreciated.

Thank you.

What are your goals?  Investing involves risk.  Period.  Assess your risk tolerance and move forward.  

I am not a RE pro, but you need someone in San Antonio that you can trust.  Or, find a way to get there.