All Forum Posts by: Benjamin Kanevsky

I do not rely on my cash flow now and my goal was to have everything paid off within the next 6-7 years so that I could choose to live off the cash flow if I chose to stop working. 

Cash out refi would put me at risk I feel if the market tanked and the rents dropped. I'm currently putting all buying on hold and aggressively paying down all my debt. 

I'm interested in hearing from some seasoned investors that have been through several housing cycles. I'm in the South East Florida market. From 2009-Present the housing prices are getting closer to the peak levels of 2006. Would it be prudent to cash out profits now and move them to a more stagnant Midwest market to achieve higher cash flow and wait for the next decline to hit in order to start investing in Florida again or would you let it ride? Would your answer change if you had a strong equity position in all of your rental properties and they were all cashflow positive?  

What are some cities/states where small multifamily's cashflow well and have low vacancy rates.

 I do have another source of income and I can afford to pay a company to do SEO for me so that I don't have to go out and learn it on my own. What do services like that generally run? Are there any companies that you can recommend that you have used for your business? 

I think those numbers are if you're trying to scale and create a big company with staff. If you do it on your own from your home office there is a profit with every property under management. 

I already have a real estate license.

I currently own and manage 4 single family rentals in Palm Beach county florida and I do a very good job at it. I've consumed tons of literature on landlording as well as all the biggerpockets podcasts and I feel like I can truly help people by providing them with property management by someone that actually has experience doing it the right way. My goal is to get 20 to 30 single family properties under management so that I can handle all of it myself and do it the right way. What are the best ways to market myself in my area? Are there services that you can recommend for building a website and is there a need for one? Do I need to open up an actual entity? 

 I'm originally from Boston. They have some of the worst landlord laws in the country. Why would you ever invest there?

 Well 5 rated schools I meant on a scale of 10 on zillow. That would be considered middle of the pack?