All Forum Posts by: Eric Guth

Appreciate it. From what I have been reading on here, cash flow does seem like one of the most critical metrics when doing buy and hold. Do you have any experience dealing with college students? We were debating whether it would be easier to fill MFP in a college town versus other areas within our target area. 

Hi, 

Myself and 2 partners are getting started in SFH-small multi unit rentals in western PA. Due to a couple factors, we are not looking to actually purchase anything for about 6 months. We are however trying to get a very stable base set up, so that when we are ready to buy we can rock and roll. I was wondering if anyone had advice on setting up a good plan of attack and even better, if anyone has actionable steps we can take right now to set ourselves up for success.

Right now we are working through a partnership agreement as well as a loose business plan. What does everyone include in these documents? 

As an example of actionable items, we came up with a few such as read one real estate book a month per person, interview one contractor a month, set up an expense data base within 4 months, among other things. We would really like to get our business infrastructure set up while we wait to buy so any advice would be most appreciated!

Thanks

Hi guys, my two partners and I are looking to invest in either SFH or small multi unit properties in west PA (to buy hold and rent). At the moment, we are restricting ourselves to between Grove City and the north end of Cranberry Township so we are not too far from work. Does anyone have any recommendations for places to begin looking into? We were thinking Slippery Rock might have some potential because the school is there. Any thoughts are appreciated!

Thanks

Hey guys, my name is Eric and I am just getting started up in Western PA with two other partners, who are also new to real estate. We all grew up within an hour of the area we are looking to invest in (maybe near slippery rock university), and we are leaning towards buy and holding either SFR or small multi units. I am still working full time in the oil field as a field engineer, so we are doing a lot of planning over google docs and emails at the moment. We are hoping to generate enough passive income after a few years to allow us to live comfortable if we chose to quit our current jobs. Any advice on getting started in general, or working with 2 other people in particular would be greatly appreciated.

Thanks!