All Forum Posts by: David Babayev

Each has pros & cons about which numerous books have been written. You aren't obligated to pick one, and the choice of the "best" depends on your goals and resources.

Thank you for the suggestions! What do you mean by "notes"?

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Originally posted by @Julie L.:

Hey Rudy. I've been investing for the last 11 years in real estate. I've done everything from longer term flips/buy and holds, HML, to syndication. Syndication by far has been the most passive. I probably spend about 1-2 hours per quarter to review financials to ensure no red flags. I earn 8-10% CoC returns and about a 22% annualized return. This doesn't include all the cash we're able to keep from my husband's W2 since we can deduct passive income losses against his W2 income.

22% annualized return is amazing. Can you point us to any resources that would help in our research and due diligence process when looking for a syndication to passively invest in?

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Originally posted by @Patrick H.:

Sorry guys been a long time since I've logged in to Bigger Pockets. I bought the second location made some improvements and raised the rents. It was a good move. Both properties have performed extremely well and I couldn't be happier with them. Storage is one of the easiest to manage out off all my different types of investments. Of course having a good manager and software system is paramount. Good luck to all.

Thank you so much for sharing your story Patrick! You're such an inspiration! I'm curious (outside of all the effort you put in upfront to find, purchase, and stabilize the property) how much time on a weekly basis are you spending to manage your self-storage business? I'm new to real estate and am trying to gage if it's a good investment for me. I'm not trying to be a full-time landlord or self-storage business owner. Once everything is set up, I'm hoping to spend no more than 5 hours a week managing my investment. Is that possible with self-storage?

Thank you!

David

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Originally posted by @Jaideep Balekar:

@David Babayev - thank you! We set aside about $500 monthly for reserves to deal with unexpected repairs and CAPEX items. Leftover profit is the cash flow after the reserves have been set aside

Got it. Thank you!

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Thank you everyone for sharing! It seems I can't respond to individual replies on this forum, but I wanted to let you know how much I appreciate your inputs!

Until next time!

David

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Originally posted by @Llewelyn A.:

@Kimberly Kesterke

Just like you, I almost ALWAYs advertise the apts before purchasing it, even though I did not own it at the time. It's really pre-marketing analysis.

Hi! Just curious, do you need some sort of special permission to advertise before purchase? Do you take pictures? Where do you advertise? Thank you!

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Thank you so much for sharing your story @Cameron Lam! I'm just starting out in real estate and wasn't sure if it's possible to get to six figures in 3-5 years. Now I know it is possible to do it in less! Just one question: how much time would you say you spent evaluating deals and managing properties? And did the time commitment become smaller over time?

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@Jaideep Balekar thank you so much for sharing your story and deals! You are such an inspiration! I just have one question: under Deal #1, what do you mean by cashflow "after reserves"?

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Hi! I'm fairly new to real estate investing and am learning as much as I can right now. I'm wondering what the timeline can look like to achieve financial independence. Is 3-5 years realistic, while holding down a 30-40 hour/week job? I'd need $100k in annual passive income to live comfortably.

Thank you so much!

David

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Originally posted by @James Syed:

Welcome to BP.

Property management requires on average 4 hours per unit per month. I didn't make this number instead got from a real estate book written by John T Reed.

Hope it helps.

Hi James, when you say "unit", do you mean, for example, an apartment building, or a single apartment in that building? For a building with 24 apartments, I would be spending almost 100 hours per month? That doesn't sound right. Also, is that figure different if I've hiring a property management company?

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All Forum Posts by: David Babayev

David Babayev has started 4 posts and replied 20 times.

Post: What's the best PASSIVE Real Estate investment?

Post: What's the best PASSIVE Real Estate investment?

Post: self storage advice

Post: Our 1 year journey to 22 units & $10,000/mo cashflow without OPM

Post: How long did it take you to become financially independent?

Post: Story of a W2 Landlord- How I got started w/ a full-time job

Post: How I achieved $100K annual cash flow in 2 years

Post: Our 1 year journey to 22 units & $10,000/mo cashflow without OPM

Post: How long did it take you to become financially independent?

Post: Time Spent Managing a Property