All Forum Posts by: Danielle Wolter

@George Pauley I actually have this same question. I have a couple turnkey providers that I have shied away from because of the requirement to work with their lenders. And maybe it's just fine, but it makes me nervous nonetheless.

@Mitch Balgobin Your expenses, vacancy, management and CapEx seem to low. I typically estimate 10% for management (unless you are managing yourself), 8-10% for vacancy, 5-7% for capEx and 5-7% for repairs. $90K seems like a lot to have left in the deal.

Welcome @Seth Matherne! SO much great info around here, as you can see from the people who have already reached. Good luck to you!

@Ryan Alacon Thanks! I'm definitely going to check that out.

I am trying to find information on San Diego Meet Ups but am having trouble finding any information. Does anyone know of any meetups in the San Diego area? I'm located in San Diego, but am actually investing out of state. However, I'd still like to meet and network with other real estate investors. I'm sure there are others in San Diego that are investing out of state too. Thanks!

@Jack Cross Personally (and I am not an expert) I would finance your primary because you can get a great low interest rate. While I like the idea Jack had about multifamily, I also understand that not everyone wants to take that route. Now as far as safe, no investment is truly safe. The safest method is to keep your primary residence debt free. However, to build wealth, I would definitely do a refi on the primary, take out as much cash as you can and go from there. 

@Account Closed I haven't done any multifamily in Memphis, but will likely take the leap to multifamily in the future. I do believe that multifamily properties in Memphis tend to be in rougher areas, but I've seen some ones in nicer areas as well. Either way good luck!

Welcome @Charles Alexander! I'm an oos investor as well and I have the opposite problem - I have some cash but such limited time LOL! I hear great things about Indianapolis and Kansas City. Good luck!

@Josh McCullough Thanks for the tips!

I'm also interested to hear what others have to say about this. I haven't quit my day job yet, but do want to know what others say. I really would like to go all in on real estate in the future!