All Forum Posts by: Allen Wu

@Tom Arttus

I took out a loan, but you have to pay back. If you quit or terminated, you need to pay back within months.

@Alex Monaco

Day 1. Think about your time spent on generating top line growth. For example, if you make 100k your hourly rate should be high and focused on sustaining or growing that 100k. Thus better outsource on Day 1 and optimize your time to keep that income and increase to buy more doors.

You use leverage in real estate via finance, why not do it on then operations / Mgmt side?

My biggest regret was not hiring a PM sooner. Sure, I managed my first property on own and learned a lot, but got lucky and did not run into trouble.

@Corina Eufinger

Thanks Corina. Appreciate the insights. I’ll look into those markets.

All - I’ve been a long term buy and hold property investor in Class A and B areas. I’ve been looking to juice my cash flow return. Looking into Racine WI area since pro formas indicate a 1% rule strategy.

What are your thoughts on Racine? Any feedback on tenant stability and growth?

@James Somers

Max 401k first then go real estate. Real estate is an alternative play. More risk.

@Brian Chan

Not really. I buy in only A and B areas. I looked into Round Rock area for last 5-6 months. Visited in person finally. Nice area. However purchase price is around 300-450k and can fetch 2k for rent. Agree with others, you can only cash flow with more money down in Austin.

Try San Antonio. You can still cash flow with 25% down and using buy at .80% and up (using 1% rule).

@Paul Rojas

Do you foresee San Antonio slowing down any time soon? Or do you think it’ll keep going up?

@Karthik Kumar

Yup - partner with a Local agent / pm there. Or I’m happy to intro you to mind. Just message me privately

@Eric Bauer

Buy in Florida. Why New York? So expensive and not landlord friendly. Go check Cape Coral.

@Ryan Chatman

Sorry got confused. Lehigh valley also in Florida