All Forum Posts by: Bill Manassero

Hey @Shawn Tang!

Welcome to BP!  I am in Mission Viejo and would love to connect if you have the time.

I am primarily a buy 'n hold investor with properties in Memphis, Atlanta and Indianapolis.  Although I have purchased SFRs, I am now focused 100% on multifamily.

$80,000 won't do a lot in California but could do a lot in other states, where properties are much less, CAP rates are high and Cash-on-Cash returns significantly higher. In Indianapolis and Memphis, for example, it is very easy to find duplexes for $40-50K. With $80K, instead of buying two for cash, you could easily buy 8 duplexes for 20% down. That would give you 16 units/doors and, at say, conservatively, $100 per door net, that's $1,600 cash flow per month. That's a 24% cash-on-cash return. If you paid cash for 2 duplexes and the rent was $600 per unit, using the 50% rule, you could cash flow $1200 per month and later do a cash-out re-fi to purchase more properties. You have a number of different options.

Now, there may be some BPers that invest in California that might have a different suggestion for California investment options but that is my recommendation based on my experience.

Let me know if you want to grab a coffee sometime.  I'm always happy to meet and share what I know.

bill

Hi Wendy Wong-you I'm an out- of-state investor based in Mission Viejo, mostly multifamily. Would like to connect to find out more about what you do. PM me if you get a chance. Bill

Hey Jay!

Welcome to BP!  I'm in Mission Viejo and invest in multifamily out-of-state.  

Just let me know if you are interested in meeting.

Bill

Tim Wong Hey Tim! I'm located in Mission Viejo, just a little north of you in Carlsbad. I have investments in Atlanta, Memphis and Indiana -- SFRs and multis. Maybe we could meet half way and chat. I'd be happy to share what info I can to help you. Just PM me if you're interested in meeting for coffee sometime. Thanks, Bill

Lee,

Please send info.  I already invest in Indy and would like a good broker in the area.

[email protected]

Thanks.

bill

Please email me info [email protected].

Thanks.

bill

Paul,

I'm interested in San Antonio multis.  Please email me.

Thanks.

bill

Please send me the financials.

Hi Chris Gerenser I am from California, too, and have been investing in Indianapolis for a few years - all MFR -- and would be happy to chat with you. I also have experience with turn-key companies there. Feel free to send me a message and I'll share what I can. Bill

Definitely cash-out re-fi or sell the SFRS, sell the 75 acres or build on it. Then, purchase multifamily. The economies of scale with multifamily far out weighs buying SFRs. You'll grow your cash flow and equity much faster.