All Forum Posts by: Marco Campos

@Gordon Cuffe is Hannah Robie still working out ? I am looking for a review

You are right @Account Closed , Higher cap rate investments are likely to present greater risk. My though is more in line with lower entry barrier but yet good size cash flow.

@Scott England I will continue to do my research to see were I move from here but I will connect in case OK city gets on my radar.

@Marco Santarelli thank you for the informative reply, my forward thinking is on how to invest after say 4 acquisitions since I know the rules start changing in the financing department. I have the income and savings to aquire a property every 3 months more or less in the $150K range but how do I handle growth from a far? Can REI be trully passive? Is a small commercial acquisition in which there is less competition a better second investment? These are the questions I tinker with right now.

@Kevin M. Rooney Thanks for the tip, I saw on @Marco Santarelli website how that's a strong rental market with low entry barrier. Have your investments been truly passive? How are the vacancy rates in your area of investment?

@Brie Schmidt My concern is that I can launch my investments horizontally and acquire many sub $150K properties with good cash flow. However, managing them from a far will be much more difficult than a commercial 5-10 unit property of the same value. My current complex is truly passive and my recent visit left me a good impression of the tenants and management. I think PM are more likely to stay and do good work when the project has many units under one roof vice spread across town.

Can anyone shed some light on their investments horizontally vice vertically. I am looking into a few good profitable multiplex or apartment buildings over 20 houses spread across many states. Yet, I rather get perspective from those that have done either or. Thank you all for your time in advance.

Can anyone share first time experiences in acquiring properties out of your regional area. I currently own a complex in Los Angeles but that area is saturated and properties rarely cash flow for me to seek to expand here. However, through research of other markets, I've noticed the higher cap rates in other cities that align with my goal to increase my passive income w/possible appreciation.  For now, I am looking to be a passive investor. Have others had good experiences with having a realtor buy and manage properties for an out of state investor?

Can anyone shed some light into seller carry back experiences. I've seen the guidelines of some capital firms that have LTV at 75% w/15% seller carry possibility allowing an investor to bring only 10% down. This makes me think that I can do creative financing in this manner to leverage a $300K down payment to secure a $3M apartment building.

Can someone share experiences in regards to what banks are looking for beyond a profitable apartment building? for example, resumes, cash available, credit, etc...

Jeff Morelock - Thanks for the encouragement and recommendation to move towards an apartment building. I am a high risk/high reward (calculated risk) kind of guy so if I find a good 1031 exchange deal that makes sense, I will do it. Also, I have no experience in participating with a REI club so thanks for that new information. Sounds like these clubs are were the pocket listings are.

Jesse T - Based on my salary and down payment, I can probably get at least a $1M income property via the FHA route since my wife would be moving to LA. I figured using the FHA 203K option would be a good tool to buy and flip a property to hold for cash flow in comparison to turn keys available. BTW, thanks for the tip on using the next property to subsidize taxes.

Brian Burke - Your comment could be life changing for me. I really am considering now the 1031 exchange option for an apartment building in a up and coming neighborhood such as that close to DTLA. I snatched up my quad that cash flows using the VA loan with a 3.25% interest rate, so I am a bit hesitant on the cash refinance part.

Mark Nolan - Thanks for the tip, I am serious about my real estate ventures so I may just go pro even though I am not really a real estate investor yet. I look forward to learning and maybe even contribute to the forum.

I currently own a 4-Plex that gross $3K and cash flows over $2K a month. The property is a B- or C+ type and has at least $300K in equity thanks to the rise in value since the Aug 2012 time frame when I acquired it. I have 750 credit, net $12K a month in salary excluding my passive income, and have $50K saved (saving at full throttle now that I have small revolving debt). I am looking for advice in what is the best way to expand my real estate portfolio to increase my cash flow. I am thinking of acquiring another income property via a FHA 203K that cash flows, possibly sell my property and 1031 exchange into an apartment building, or buy turn key properties out of state, where the cash flow is greater than in Los Angeles area and the 20% down payment is smaller. The property I have is completely renovated and a true passive income as my PM does all the work, tenants pay timely, and since its new, I don't have repair issues; thus, I really have more preference into just increase my portfolio. Any opinions welcomed, and thank you for your time in advance.