All Forum Posts by: Andy Vasquez
Andy Vasquez has started 9 posts and replied 42 times.
Post: Markets good for investment/cash flow in 2022
- Posts 42
- Votes 25
Quote from @Mike D'Arrigo:
@Leslie Monroy there are a number of markets that will cash flow today. Most are in the more affordable markets of the Midwest. In addition to cash flow however, I recommend looking at the economic and demographic trends of the market. Cash flow is just one component of real estate returns. A more significant portion of returns will come from even just moderate returns over time. Also, having the ability to increase rents is key to maximizing your returns over the life of the investment. Keep in mind, real estate is a long term play and real wealth is built over time through various sources, not just cash flow. Markets with growing populations, growing jobs, modern/diverse economies and industries will far out perform stagnant markets that might cash flow today but have little growth potential. I personally like Indianapolis and Kansas City for these reasons. We've been active in both markets for over 10 years.
Even just moderate appreciation is a
@Mike D'Arrigo. I am interested in doing the type of analysis that you mentioned above i.e., population grown, income, rent vs. mortgage, etc. I don't know where I can get my hands on that kind of info. Can you point out any resources, preferably resources that are free?
I am completely new to Bigger Pockets. I came across Bigger Pockets after stumbling on "Rich Dad Poor Dad". I set a very ambitious goal of earning $250K by 4/16/2027 (~5 years from now).
Any advice on how to tackle this goal? I bought my first house for $858K. It is valued at $990K and I owe $785. I plan on moving out and renting.
Brandon Turner suggests to plan on getting ~$100 cash flow from each property - after operating expenses. $250K is $20,833 per month. I don't think I can accumulate 208 multi-family units in this time, if I acquire and flip properties. As such I think I should buy properties in areas that accumulate in value and then sell those properties transferring the profit into 1-3 large multi-family in years 3-5.