All Forum Posts by: Account Closed
Account Closed has started 1 posts and replied 214 times.
Unless you are nearing the collapse of civilization, it's not a bad time to invest, IF you can find quality investments. That last part is the main problem.
Post: Rent to own or rent or flip?
- Posts 217
- Votes 190
Quote from @Joe Homs:
@Edward Dandrea look at the numbers.
$20K all in.
rental profit per year $8400 (using your numbers)
Payback of your investment 4.7 years?
Keep it if all your numbers are correct. Or you can sell it with owner financing and just collect a profit each month?
Good Investing...
It's a mobile home, and he's probably aware of what happens to the value for the owner over the long haul.
Post: RIGHT DEAL, WRONG TIME! Looking to make a miracle happen
- Posts 217
- Votes 190
Quote from @Jonathan Berridge:
Quote from @Rivers Fike:
Is your plan for this property to fix and flip it or live in it?
I’m planning on living in it.
I’m planning on living in it.
The crickets are chirping now because buying a home to live in usually ends up as a liability, rather than an asset, which is an essential distinction for an investment.
Quote from @Benjamin Sulka:
Quote from @Account Closed:
Quote from @Benjamin Sulka:
Quote from @Account Closed:
Money or not, honestly, where do you think you are seeing deals laying around these days?
What market are you in?
Looking in the suburbs of metro Detroit (excluding lousy areas, which is a lot of them) and Los Angeles- which is a fantasy land at this point.
Gotcha! I can't speak to those areas but there are definitely people still doing deals in here. Things are definitely more difficult though.
Yes, but the deals they do, are deals they probably shouldn't be doing, is the problem.
Quote from @Benjamin Sulka:
Quote from @Account Closed:
Money or not, honestly, where do you think you are seeing deals laying around these days?
What market are you in?
Looking in the suburbs of metro Detroit (excluding lousy areas, which is a lot of them) and Los Angeles- which is a fantasy land at this point.
Post: Best place for cash flow and appreciation
- Posts 217
- Votes 190
Quote from @Remington Lyman:
Quote from @Shirley Kocho:
I’m trying to find a good place to invest for cash flow and future appreciation , any suggestions?
It does not matter where you start as long as you develop your Core 4. The core 4 is David Greene’s long-distance investing strategy and consists of a realtor, contractor, property manager, and lender. Once you have this team in place, you should be able to invest in any market confidently.
As for picking a specific market - I would go after one with an increasing job and population growth. I invest and work in Columbus, Ohio. I am also looking to invest in Cincinnati and Cleveland.
Ok. So if I build my core 4, then it won't matter that I want cash flow in Los Angeles right?
That's a tough one to swallow.
Post: What's the best time of the year to buy?
- Posts 217
- Votes 190
The best time of year to buy is after a major market correction. Otherwise, don't fool yourself.
Post: Bought my first multi family - where to go from here?
- Posts 217
- Votes 190
Where you go from here depends on how good that first deal you just did is and/or your other income level.
Is that first property generating positive cash flow?
Money or not, honestly, where do you think you are seeing deals laying around these days?
Post: Three Reasosn why Mobile Home Parks are the BEST investement opportunity in America
- Posts 217
- Votes 190
John Oliver agrees with you.
---https://www.youtube.com/watch?v=jCC8fPQOaxU---