All Forum Posts by: Aristotle Kumpis
Aristotle Kumpis has started 104 posts and replied 729 times.
Post: Ideas on best company to do background checks on prospective tenants
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
I also suggest RentSpree. It's good and easy to use.
Post: Brand New Duplex - 20 Minutes from Fort Worth!
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
Looking to own a brand new duplex in a growing suburb outside of Fort Worth? This a great opportunity for buy and hold in Burleson. Burleson is a fast growing market. Message me if you want more information.
-$625,000 Purchase Price
-3.75% interest rate on a 10 year ARM (paid down by the builder)
-1,300 sq ft each unit
-2-car garage for each unit
-Projected rent is $1,900 per unit
-Projected cash flow is $850/month after all expenses (with 25% down payment)
Post: is an LLC necessary?
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
LLC's serve a few purposes. One, they provide anonymity. And two, the help if you ever come into a lawsuit. But an LLC might not be the best for you. Maybe you need a land trust. Or perhaps a series LLC could be beneficial. Either way, you are on the right path to forming protection. We all work really hard to obtain assets, and I don't about you, but structuring your investments now can pay off in the end. I'm happy to refer you to a company that helped setup mine.
Post: Setup Holding/Management Company?
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
Hey Jordyn. Check out this video that might help you. I work a lot with Anderson, and they are great.
Post: Cost Segregation Study recommendations
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
Quote from @Bradley Hendrix:
Looking to get a cost segregation done on my 24-unit apartment building I just completely remodeled. I bought it about 1.5 years ago. I’m in Indiana. Any recommendations on who to use?
Thanks in advance.
Post: Cleveland Value Add - $58,000
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
Great opportunity to own a property with some equity!
-Priced at $58,000
-2bd/1ba
-Located in zip 44102
-Estimated rehab is $45,000
-Projected rent is $1000-$1200/month
-ARV is $125,000
Post: Sherman TX Duplex - Owner Financing with 10% down!
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
Quote from @Robin Simon:
you are saying the rate would be 9%? Can you share more of the terms (IO? term?) Seems a bit high rate wise on owner-financing considering you could probably get significantly lower on more standard options
Hi Robin. It was on a 7 year term. However, it's no longer available.
Post: Multi family in Phoenix
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
Quote from @Jaclyn Spinelli:
Quote from @Aristotle Kumpis:
Are you looking for more of a cash flow play vs appreciation?
I think I’m more focused on long term gain, some short term cash flow is nice but I’m not planning to try and live on it or anything. It’s nice to have a million dollar property I didn’t pay for as part of my retirement plan… ;)
Post: Multi family in Phoenix
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
Are you looking for more of a cash flow play vs appreciation?
Post: Newbie question - Acceptable Cash-on-Cash Returns?
- Specialist
- Long Beach, CA
- Posts 777
- Votes 359
It all depends on what you are trying to do and what your goals are. There is no ideal return. I have some clients that are fine with a 5% return, and others that want nothing less of 10%. You also need to look at the big picture over 3-5 years. And not just what kind of cash flow today will bring you. Once you factor in things like tax benefits, and appreciation, your total ROI is usually pretty good compared to other vehicles out there.