All Forum Posts by: Baylus D. Nicholson

@Season Price

If you want truly passive income I would suggest downloading Robinhood and buying into a couple of stocks such as reality income (O) or new residential (NRZ) they pay monthly dividend like a tenant would. If you want to get free stock message me and I’ll send you my friend link to sign up, we will both get free stock. Robinhood is free to trade on. :)

@Mindy Jensen I heard this on the podcast yesterday and was so hyped to go! Finally I can use my airplane miles and hotel points for something great!

@Jonathan Anderson very true. I am sure there are properties in Greenville that are still cash flowing, it just effort vs. outcome. As a cash flow investor I’d rather look 15-30 minutes outside of the target market and scoop up those a cash flowing properties. It is easier than looking for the properties in the target market, where there is higher competition, higher prices (lower yields), and just more work that needs to be done for less of a return. I can see where a value add investor would want to jump into Greenville but for a cash flow POV just out side those hot markets are still good. Maybe Im just lazy, but I’d rather the apple fall out of the tree than risk climbing it and falling out myself.

@Andrew Smith I am from South Carolina and there are still a few cash flowing properties around Clemson SC. Greenville SC is way over priced to find cash flowing RE there, but about 30 minutes from Greenville there are a few still out there. The best way to find these properties is buy asking around and looking for off market deals. I have a duplex I am closing on in the next few weeks for under $150k in the upstate of SC. If you have any questions about the area send me a message.

@Danny Randazzo when is the meeting?

@Mark Fries that’s a really good return on your money.

200K can get someone a nice home where I am. (Clemson SC) if some one had that in cash, they could easily flip homes here. Even better (in my opinion) would be to grab a multi family and BRRRR it.

@Kelly Carter I 100% agree with you. If the numbers don’t work for “YOU” don’t do it. Simple as that. If other investors are able to throw all that money at a deal and they are ok with getting a negative cash flow, thats fine. I bet they won’t last long though. I would hold out for a deal that works for you. According to Mike Maloney who wrote the book “guide to investing in gold and silver” forwarded by Robert Kiyosaki, states that we are in the 3rd (probably the 2nd now) longest economic expansion in U.S. history. Which means we should have a down turn in the economy soon. Whether soon is next month or 2 years from now we will have a down turn at some point. The idea that markets always go up is what got us in trouble in 2007 and 2008. So please don’t be discouraged. A seasoned investor is patient.

Joe Splitrock yes I agree that asking price is not always the true value of a property. I know listing agents will list a property below market value to increase demand on it. However if her realtor is telling her that she will need to offer 25% more on different properties. That tells me that the realtor is wanting their offer accented over wanting to get a proper price on an investment. A good investment realtor will know a good purchase price for a property, but just blindly saying she needs to offer more on every property sounds uneducated to me. Plus she responded to me saying her real estate agent was a drunk and could not even open the lock box.

If your realtor is telling you, you have to offer 25% more than asking price I would find a new realtor. It sounds to me that your real estate agent is very uneducated in real estate investing because if they are saying “other investors” are offering that much on a property that is only netting $65 cash flow a month, you either have awful investors in your area or you have a realtor that just want to get a bigger pay check. Down here in Greenville the same “sellers market” is happening as well but there are still really good deals.