All Forum Posts by: Dustan Marshall

@Andy Collins 

thanks for the insight.  You really make a good point and I like how you would have the same cash flow as someone who has 4x the number of properties as you with only 25% of the headaches!!!

I am always thinking of the long term.  I only have a few units now but my plan is to buy one unit every year (by doing a cash out Refi from the previous year).  The idea is to purchase enough units to suppliment a comfortable income.  As such in looking over the number I wanted to get everyone opinions.

20 units @ 700/mo rents (average) $14,000 x .40 (60% to cover taxes, insurance, vacancy, repairs, PM and lease up) = 5,600 gross monthly income.  

Then $5,600 x .75 ( 25% tax bracket) = $4,200/mo net income.  To cover health care, vehicle, primary home costs, groceries, daily expenses.....etc

These numbers assume all houses are paid in full with no debt services.

Are my numbers to conservative?  Not conservative enough?  I am missing something?

yikes... I just read over my post.  Sorry for the confusion.  Auto correct on my phone gets the best of me at times.

The question is how/ what systems are other buy and hold investors using to aid them

so after listening to all the podcasts I read the recommended books like 4 hour work week and land lording on auto pilot.

So I thought I would as his others are systemizing your buy and holds?

i have a few SFR that are rental properities and I feel comfortable in this sector but I keep thinking how much I would like to try a multi. I know the evaluation of the deal is different from SFR to multis. But how do you evaluate a deal?

from what I read, they will hold interest rates low for a number of months then slowly begin to stair step it up.  Which is bad for me in 2 ways.  As interest rates rise, home prices go down because less ppl are willing to pay more $$ for the loan so demand falls and so does my equity.  Also as interest rates rise so does the cost for me to continue to do deals!!!!

great point dawn!  And thanks for the replies everyone.  I am a buy and hold investor.  Currently have 2 rentals working on a third.  I love the business but need to find a good balance

My wife and I both work full time and have active life styles.  Right now all my  nights and weekends are spent trying to grow the RE business. However we will be having kids soon and I will need to be home more and find a better balance.  So how do you find time for it all?  What tips and tricks (hacks) do you use as time savers/ stress eliminators?

I have looked into some systems, after reading 4 hour work week and LL on auto-pilot or PM software but I am not sure how Much time they save as opposed to just being more structured/organized.

not sure.  That is something that I need to explore.  Really want to develop a good relationship with a lender so that they would be willing to open up more possibilities

in my experience, others may be different, I am having trouble finding lenders that will do refis under 12 months.  More over, most of my properties are sub 50K.  So trying to find a lender that will do both sub 50K refi before the 12 month seasoning is something I have yet to accomplish