All Forum Posts by: Frank Rodrigues

Hi Felicia,

I would start by finding out how much money you can first pull out from your home. Find out what interest rate you would get and continue working on your credit, then identify the market you want to focus on for cashflow. Once you have figured out the funds you have access to and the market you want to invest in, then you can focus on identifying the property that will be the best fit for you. I hope that helps and best of luck!

Michael,

KC is a great market for cashflow and appreciation. Below is a quick snapshot report card of what's going on in KC. I hope that helps and best of luck!

Frank,

Every investment has its pros and cons, instead of looking at it from a standpoint of what's better? I would ask what is the best fit for me? We are all at different points of life with the same goal to increase income but the vehicle for some will be a better fit for others and vice versa. I personally love the set it and forget it aspect of Turnkey Properties because I have no time to be hands-on so for me it's great. Now if you have any questions about the KC market with turnkey options feel free to PM me. I hope that helps and best of luck!

Cap rates will change depending on demographic classes and areas across the country. For example, the KC market for SFH will generally yield around 10%, in Cleveland around 12% on average. In both markets multi's will be a bit higher. COC returns for both are double digits as well from my experience as well. Ultimately it's about your goals and what kind of profit YOU are looking to gain from properties in the short or long run.

I'll keep it a as simple as possible, more doors more money. Over time you will make more money with more doors and that's that. SFH are great though and if you are more comfortable staying there, there's nothing wrong with that either. Best of luck to you!

Patrick,

I don't have any experience in the Texas market outside of tax liens so I would not be a good source for you for what you are looking at, unfortunately. I sent you CR, accept it and I'll send you some info that might be helpful to you though.

Hi Michael,

What market or markets are you looking at and what type of investing are you wanting to do? BRRRR? SFH? Multi's? Are you going to be hands on or a set it and forget it type of investor? All of these things will make a difference on how you go forward. You may get more help if you were more specific to your goals in the BP community. I hope that helps and best of luck!

Patrick,

You seem to be in a really good situation and the goals you have definitely correlate with the capital you have to work with. The midwest is a great place for SFH's and if you know the market and where to look you can get cap rates and COC returns in the double digits. Nice multi's are always harder to find but they are great cashflow assets as well as you already know. You might want to establish a core 4 if you don't have that established yet and begin the process. KC, OH, MI and Indianapolis have been very consistent over the last decade in my experience when it comes to both cashflow and appreciation. I would recommend B class communities as a goal or what some have called a C+ class (communities almost on that verge of increase to B). I work primarily out of KC and OH. If you have specific questions about that market feel free to PM. I hope this helps and best of luck!

I've never done business in the Texas market but In KC a 10% cap rate and over 10% COC return is common. Almost everything I have is in double digits.