All Forum Posts by: Cameron Tope

We used to use Buildium where vendors could attach photos along with their invoices. 

Now we use Property Meld. The vendors seem to have an easy time uploading the required paperwork and pictures. 

 I wonder if it's not that tracking your net worth increases net worth, rather the people who are tracking their net worth have assets to track. Whether I looked at my rental property values this year or not, they would have still gone up by the same amount. (I update all my rental property values annually). 

Also, it's hard for folks to put assets and liabilities side by side, because for some, they have a negative net worth - and facing that fact in black and white is not fun. 

 What are your goals? 

Mathematically it wouldn't make sense to put more money towards a low-interest mortgage. However, if you value security and don't have other investments you're targeting, then additional mortgage payments make sense!

Taxes and hurricanes seem to be the biggest deterrents for investors looking to invest in Houston.  

I don't think we can solve the latter - so any help with the former and I'm happy!

 No sir! I just pick and choose deals when they come across my desk. 

I'm not actively acquiring, more focused on the management business. 

Although I did close on a new property yesterday! 

Sounds like a home run deal! Well done!

Great goals! Our main goal is to grow to 300 doors under management! 

I have found focusing on my daily or weekly actions, rather than the outcome, help make my goals a reality. 

I see a lot of folks want to buy 1-4 properties this year but don't have a daily goal to analyze 10-20 deals. 

Best of luck to everyone in 2024!

Congrats on the long-term rental Kaycie!

Maximizing for cash flow over the next two years will create a different strategy over maximizing cash flow over the next 10-20 years. 

I'm not a fan of STRs as Houston is super saturated but they do create more short term cash flow. 

If you're looking to maximize cash flow for the next 10-20 years buy a few solid properties in Katy, Cypress, Spring, etc. where there are great schools and affordable rents. 

Best of luck!

Hey Tiffani, 

I invest in Ohio and Houston, and found that that you don't need local CPAs or accountants as the real estate deductions are the same across the country. 

I do use a company that reviews my books, does some tax planning and files my taxes as well. For me, it was simpler to find a company that does both the planning and the filing. 

Best of luck!

Plan looks solid! As far as the area, I would select the area where you have the biggest competitive advantage. If you have no advantage in a given area, then build a really strong team. 

Best of luck!