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All Forum Posts by: Dakota Malone

Dakota Malone has started 3 posts and replied 4 times.

Post: Seeking Multi-Family REI Mentor

Dakota MalonePosted
  • Syracuse, NY
  • Posts 6
  • Votes 0

Hello to all,

I've recently quit my job due to health concerns and I'm looking to dive into REI after being actively gaining research over the last year. I'm looking for someone to help me fast track my success in the multi family business over the next few years. I'm currently on vacation in Italy just traveling Europe and learning more each day, (not much else to do other than explore and learn.) and I'm willing to come back to the US to WORK with someone. I don't want a free ride, I just want an opportunity. Looking to create a new career and help someone grow their business even further. I'm a record salesman in my previous jobs for multiple Fortune 200 + 500 companies, a trained coach, and deeply interested in the study of human behavior and NLP. I have value to bring to the table, and I'm reaching out to find the right fit for me.

I'm going to continue my research and absorb all I can per usual- but I'm specifically looking for someone I can work with daily. Thanks for reading and if you would like to hop on the phone just leave a message here so we can chat.

Cheers,

Dakota

Post: Real Estate Strategy 80/20

Dakota MalonePosted
  • Syracuse, NY
  • Posts 6
  • Votes 0

I believe in having a diversified portfolio when it comes to investing. I'm currently 23 and trying to make the right decisions to set myself up for my ideal lifestyle cost. I know I need to make $2700 a week to fund my lifestyle which includes 5k into savings monthly. I currently make that with my business, but only because of a high amount of time and energy. I currently have 30k I want to invest into real estate along with 5k a month to add to it (as of right now.) My question is, what 20% of investing strategies should I use to bring me 80% further in my RE portfolio (I'm starting at 0)

Should I become an investor? Should I become a lender? A landlord? This is a question more from a time and energy standpoint. Thank you.

Post: BUFFALO CASH FLOWING DUPLEX

Dakota MalonePosted
  • Syracuse, NY
  • Posts 6
  • Votes 0

interested in full property details so I can run numbers. [email protected]

Post: BRRR with already occupied units?

Dakota MalonePosted
  • Syracuse, NY
  • Posts 6
  • Votes 0

I'm looking to buy my first property and I have a duplex in front of me for sale 53k and both occupied for a total of $1,700 monthly. I'm waiting for a call back from the seller for actual details and comps being put together, but with high rental net and a low mortgage payment it seems I would be in for decent cash flow. I'm a little confused though, with both places occupied.. is rehabbing the exterior for a higher appraisal and keeping them both in leases the way to go? Should I rehab one side and keep the other tenant? 

I don't have any pictures of inside units yet but as far as I know there's no major problems with the house. I plan on buying a home and rehabbing out of pocket (10-15k). Does it make sense to keep the house with $1700 net while cleaning up the exterior for a higher appraisal, and then refinance after 6+ months? 

Thank you in advance