All Forum Posts by: Frank Rodrigues
Frank Rodrigues has started 0 posts and replied 101 times.
Post: Would you purchase this duplex?
- Investor
- Kansas City, MO
- Posts 110
- Votes 65
NO! Those numbers look terrible to me and when I look at the inventory I have. I don't have a single duplex that doesn't yield double digits in cap rate and COC returns. IMO, walk away. If you have questions about getting better numbers feel free to PM me. Best of luck to you and I hope that helps!
Post: Getting started and out of state considerations
- Investor
- Kansas City, MO
- Posts 110
- Votes 65
Logan,
It really comes down to time and money. How much time do you have to be active (meaning being hands on) Vs how much money you want? If you don't have the time to be hands-on then a Turnkey option is a good one. You won't make as much money but you won't add additional stress either by putting in more time and energy on top of your "stressful W-2". Doing more in RE will be adding more stress and work to the plate so keep that in mind. Sometimes less is more but ultimately you will have to decide what price you want to pay with your time and money. I hope that helps and best of luck!
Post: Choosing an Out-of-state Market
- Investor
- Kansas City, MO
- Posts 110
- Votes 65
I’ll make it easy for you Christian,
KC, OH, MI and Indianapolis! There’s your core 4, now aim, pull the trigger and go!
Post: Using IRA for investment property
- Investor
- Kansas City, MO
- Posts 110
- Votes 65
Originally posted by @Timothy Hopkins:
Thank you for the input! I am 59 and my IRA is only about 62k. My first property was 89k and needed minimal work. I will look at the options that you mentioned such as the self directed IRA. Not familiar with that option but will begin researching it. Again thank you for the information that you shared!
Tim,
If you are 59 then the smart play is to convert your IRA to a SDIRA. You are at the perfect age to start benefiting from it without penalties and take advantage of a tax deffered entity if used for passive income correctly. I've helped a lot of people do that in the past. If you have questions regarding this feel free to to PM me. I hope that helps and best of luck!
Post: Advice on a multi family duplex
- Investor
- Kansas City, MO
- Posts 110
- Votes 65
Sorry Sam, but IMO those numbers look terrible, especially if you are looking for great Cashflow. I can get the kind of rent you are looking at for something half the price, already rehabbed with tenants in place with PM in place here in KC where I do business. If you ever consider a different market let me know. I wish you the best of luck!
Post: What’s the best way to leverage 401K’s to buy rental properties?
- Investor
- Kansas City, MO
- Posts 110
- Votes 65
Tom,
you cannot cash out from a SDIRA without paying penalties unless you are 59 1/2 years old.
Post: Any tips for first time real estate investing in Utah?
- Investor
- Kansas City, MO
- Posts 110
- Votes 65
Originally posted by @Thomas Ray Saccato:
@Frank Rodrigues thank you, ill have to add you so I can ask you ant questions if I decide to go that route, know anything about real estate in texas?
I don't, but here is some quick info on KC for you.
Post: Out of state investing
- Investor
- Kansas City, MO
- Posts 110
- Votes 65
Tereza,
Since you are looking for OOS options I would add KC to your list. It's a great cashflow market. I hope that helps and best of luck!
Post: Any tips for first time real estate investing in Utah?
- Investor
- Kansas City, MO
- Posts 110
- Votes 65
Thomas,
Coming from someone who lives in UT but does 100% of cashflow in KC now. I would only get a fraction of the success in UT. Everything is so overpriced/expensive in comparison when it comes to cashflow which is what I do. If you ever have any interest in OOS investing and have questions feel free to PM me and best of luck!
Post: should investor buy single family homes or apartments?
- Investor
- Kansas City, MO
- Posts 110
- Votes 65
I agree. Here in KC the numbers are up and the SFH are doing great!