All Forum Posts by: Aristotle Kumpis

What are your goals? Are you looking for a job so you can make income now? If so, flipping or active investing would be ideal. Or are you looking to build long term wealth for retirement? If that's the case, long term, more passive investing would be better. Of course you could do both, depending what kind of capital you have.

Also, it's going to depend on your risk tolerance. Active investing is more riskier than passive in my opinion.

If you are interested in purchasing a brand new rental property in a growing market, we have exclusive rights to a handful of homes in the Phoenix area. Starting at $424,000 up to $519,000. Builder is giving a 3% credit towards closing costs. DM me if you want more information. Get them before they are gone!

Do you love Birmingham but aren't interested in an old house? We have some brand new single family homes in Hueytown, about 20 minutes from downtown Birmingham. Enjoy low property taxes and positive cash flow on a brand new home. Perfect for a long term rental. DM me for more details.

-Purchase price of $265,000

-1,400 Sq ft

-3 bed/2 bath

-Rent range is $1750-$1775/month

-Free property management for 2 years

-Projected cash flow is $324/month with 25% down financing

If you are going to self manage your property, then I would not want my tenant to know my name. You should consider using a business name and place your home in the same entity as that business name. You could use an LLC or even a land trust to structure this.

Hi Sam. Sounds like you are on a the path so far. I am not a fan of the stock market. It's too volatile, and you can't really control it. So I wouldn't put all your money into it. That's the same with real estate investing. Don't put all of your capital into one asset class. I don't know if I would even do 50/50. But diversifying your capital into other vehicles is a good idea. Stay on track to buy 1 property per year. I would also considering buying 2-4 units if you are trying to increase your cash flow. If you can buy a duplex, it will cost less than buying two single family homes in the long run. 

Where do you buy? All over the country?

This is still available. The numbers are actual. 

Hi Martti. I have a great company that I have been working with for over 10 years. DM me if you want their information. Thanks.

Hi Csingh. California is certainly not landlord friendly, as you have already eluded to. Texas is a lot better. I own a home there, but never had an eviction. From what investors tell me, if you need to evict someone, it can take 30 days. It used to be quicker. But it's a lot better than CA. The states that have long eviction processes are CA, IL, MD, NY, and NJ. I'm sure there are other ones, but those are the ones that I know of. You should definitely look at investing out of state.

I personally own a few rentals that have section 8 tenants. I love the program. They tend to stay for 4-5 years, which helps reduce your turnover costs. Any tenant can damage your property, and the program gets a bad rep for that. It can take 60-days to receive your first rent check after they move in. And they need to do their own inspections before the tenant moves in. So you do need a good manager that knows how it works. I do work with a great PM in Cleveland that works with section 8. You can always talk with them more in detail.