All Forum Posts by: Axel Meierhoefer

@Chris Clothier Would you mind sending me a PM with more details about MI and St. Louis?

@Thomas S. Thanks. Got it

@Will G. Yeah, that would be a cool idea but then I would have to be a flipper. I would even consider that in partnership with an experienced flipper, me more being the investor and helper, but in San Diego county I can't see that happening

@James Wise That's what I thought and i all the deals with older properties a few, sometime all of those items have not been replaced, mostly with the argument that they have 5 or 8 or 10 years left.

@Leon Li I hear you. Good points

I can only say that in some cases inspectors I trusted did not find stuff I felt they should have, so I could be screwed either way :(

@Dan H. Hi Dan, yes, the overall is 12.3%. Not 15% but not bad and that's all apples to apples. Even though I do not expect the repairs I calculated the % withholding the same to make it really comparable. I am probably considered conservative to want to have a certain amount in the bank rather than just betting that the new house would not have repairs. If it doesn't I can turn of the flow and collect as cash flow or increase principle payment on the loan.

@Greg Thanks. I am into buy and hold (and long term give to my daughter). The higher cash flow is not the case,a s I mentioned and I am not sure why you think it would be.  Maybe you can explain. In my case there is potentially a bit of build in equity and good potential for appreciation. It's turnkey out of state, so fixing something myself, etc. would not apply but I appreciate your points about it.

Hi Dominique

I live in San Diego county and would be interested to work with you

Axel

@Matt C. I am also interested in this and similar properties, maybe slightly larger. I live in Escondido and am looking for properties that could be used for ABB rentals.

Thanks

Axel

I am about to invest into a brand new build property in Mississippi. The cash flow has been reduced a bit by the recent interest rate hikes, but it is still about 7% return . I'ts a turnkey deal in a B+ neighborhood. I was offered other, older, renovated properties with slightly more cashflow. Now I wonder how much it should be worth to me that it is brand new and should have everything pretty much under warranty and not require any major repairs in the first 4-5 years. Following Brandon's advice I like to see $200/month cashflow on SFR. This is slight less. What do you think, is the fact that it's new enough of an offset?