All Forum Posts by: Frank Rodrigues

@ John Hamm, thanks for your service! My brother-in-law just retired from the navy after 20 years of service last year and my nephew enlisted following his father's footsteps so we like the navy in our home :). I've done a lot in Cleveland over the last 6 years and it's a great market along with Dayton. You can expect higher cashflow but lower appreciation compared to a market like KC which is lower in cashflow but higher appreciation. I would recommend focusing in the B class communities so I would recommend having some boots on the ground. If you have any questions feel free to PM me. I hope that helps and best of luck!

@Sanjeev Kumar

I primarily work out of the KC market along with OH. Here is a link below on what's going on in KC. If you have any other questions regarding the market feel free to PM. I hope that helps and best of luck to you!

I use Alpha One Property management and they have been great for me.

Brandon, ultimately you will do what you think is best for you but it's been my experience that selling a cashflow property that is producing positive cashflow before the 5 to 7 year mark will usually lose you money. I have done cashflow deals in KC, MI and OH for over a decade now and I have found that the 5 to 7 year mark has been the sweet spot for me when it comes to maximizing appreciation and not holding on too long to where I don't have to come out of pocket for a new water heater, furnace, AC unit... But these are my 2 cents, I hope that helps you in some way and best of luck!

There are a lot of great markets out there (there are no Holy Grail) and there is always another deal, ultimately it's about getting started with a property that matches your goal more so than the geography of it. I have portfolios in the KC and OH markets. If you want to see what those look like PM me. I hope that helps and best of luck!

Hi Sara, I have an incredible 14 unit multi that is currently being rehabbed (almost done) in the KC market. If you want to see what that looks like PM me. 

I second the KC market. If you are looking for wholesale properties or true Turnkey options that yield a double-digit return, PM me and I can show you some great options available right now. I hope that helps and best of luck!

My experience over the last 7 years in the KC market has taught me that there are plenty of B-class properties that can give you over 1k in cashflow throughout as long as you understand the risk-reward. For example an A-class property is gonna cost a lot more and your ROR will be lower because of that but will appreciate better over time. Whereas a B-class will cost less and the monthly cashflow will be greater primarily due to the cost and location. The tricky thing with B-class is that they are not all made equal and more due diligence is required unless you have boots on the ground that knows where to look. PM if you are interested in seeing my portfolio for B-class properties that are getting more than 1K per month I might be able to help you. Anyways I hope that helps and best of luck!

HELOCs can be a great tool, especially if your interest rate is low or lower than you could get elsewhere. I guess it all depends on what kind of RE transaction you are doing. For example, If I had 100k I would rather divide that into 5 cashflow properties 20k a pop and finance the rest than buy one outright. But it all depends on what you are doing and your threshold of aggressiveness. I have just learned in my experience when it comes to these transactions I would rather use as little of my money as possible and use as much of OPM available if the numbers work in my favor. Over time I have found that 5 properties are usually better than one but those are just my two cents. I hope that helps and best of luck!

Unfortunately, there will always be some bad apples or even bad investments with good intentions. I do most of my investing out of state because I'm always chasing the best returns. But I would recommend seeing a property upfront if the source is not one that you have a relationship of trust. I have found that the cost is pennies on the dollar to fly out and make sure you are getting what you paid for with your hard-earned money. Just my 2 cents and I hope that helps, best of luck!