All Forum Posts by: David B.

Hey Joel, thanks for the reply..

I'm 36, and eventually would like to be a hands off investor by my mid to late forties. What are some of the strategies that your investors in our age bracket used to acquire their high net worth by a similar time frame?

I was recently contacted by an investor asking why I have not considered investing in large apartment buildings. I currently invest in single family homes and small 1-4 unit apartment buildings. I am a full time investor and very hands on, mainly because I enjoy it. I have owned a small commercial building (8 units) in the past so I'm somewhat aware of the cashflow capabilities. I have been acquiring 5 homes per year on average and have over 25 properties with 80% of them being free and clear. My properties cashflow very well. Should I leverage my current portfolio and go big or stay focused and steady with my current strategy?

I guess because it seems out of my comfort zone of the moment it sounds almost foreign.

How many of you have transitioned from SFH to Large Multis? Do you continue to own a nice amount of SFH? Is this something that I should strongly consider?

Most landlords waive deposits for section 8 holders to try and gain a competitive edge in certain markets. Also because the neighborhood may not be the most desireable so they do what they need to to get it rented. I always charge a security deposit. Most section 8 tenants can afford the deposit and should be treated like a market rate renter just like your housing authority requests you to do.

I have been dealing with section 8 for over ten years and it can be very rewarding. It's really no different than managing market rate rentals as long as you use the same screening process equally. I manage over a dozen section 8 tenants and i have no horror stories to tell. Actually, I always wondered why more investors did not partner with their local housing authorities. It's definitely a part of my business model. I try preempt all repairs by communicating with tenants bi-monthly which usually works out well for both parties. For me, it sets the stage for a hassle free annual inspection. Oh, and like mentioned above, the payments are clock work.

Glad to know I'm surely amongst my peers. Real Estate addict as well.

Hey Kyle, I'm a Chicago investor, currently living in the south suburbs but grew up in the city. It's some great deals out here to be had. Make things happen and be persistent.

Welcome Nate and wish you well on your current project.

Hey and thanks Brandon, I have been window shopping in Hoosier Country for a while. I have a few friends that invest there and are doing well. As for Chicago RE, I enjoy investing where I grew up at..

Thanks for the welcome Don. See you around!

Thank you @Ryan Steele and I appreciate your kind words. My father was truly a great man.

Thanks @J Scott. How is your migration to Milwaukee coming along? I invest in Racine also, 27 miles south of Milwaukee.

I almost always visit perspective tenants homes. It gives some insight on them and how your rental property may look in due time, announced arrival or not. I don't like being completely oblivious as to what type of personality is borrowing my expensive asset.