All Forum Posts by: Geoff Eckert

@Jay Hinrichs

I have been reading your post's and wanted to ask a question.  Say an investor has $30-45K+ reserves and is  seeking a long-term  buy and hold for cash flow would you say it would be OK to buy these types of properties?  It seems you are just assuming that people buying these types of properties are low on cash reserves or income to buy anything better.      Just curious, as although I own 2 homes now, I am a newbie and want to start building a portfolio of cash flowing properties.  

This seems like an attractive way to get off the side lines and get in the game on a property with some equity and low buy-in to keep cash reserves.     I understand these neighborhoods may not be A types and you must prepare for higher tenant turnover and reserves to cover vacancies and repairs.  I would hope Norada has identified some decent PM firms, as their reputation also depends on it.   

Any insight would be appreciated because I am currently researching and identifying my strategy.   I am a busy Professional, and although I am passionate about real estate,  I see Turnkey as my best choice due to my current 50/hrs work week.   My goal is to buy 10 properties in next 10 years and 2-3 by end of next year.

Thanks

Geoff

@Marco Santarelli

Kirk

This looks like a good one for us to get involved with .  63 attending this meeting already.    

I decided to upgrade my home and rent my current house in 2012.  I have now gained experience being a landlord, and my new home appreciated 30%, as I got in just before the market turned.

I would be interested in attending any future events!

Thanks

BP Members,

I live in the Sacramento area and am looking for some local mentors to help me create passive income via rentals.   I own two homes and have experience being a landlord  for the past 3 years.    I need help on identifying the best properties, a good PM reccomendation, knowledge on best ways to secure properties (all cash vs loans) etc.   it would be great to learn from someone who has taken this journey and knows how to be successful.   Any insight or knowledge would be appreciated!

Thanks

Geoff

I self manage my one rental for the past 3  years  and it  has been doable, but you will have things come up.  Changed a garbage disposal, leaky faucet gasket, front lock as tenant broke a key in it.  This is a newer home (2007) so it isn't like things constantly need to be fixed.   I will be looking to use a PM, as I add more rentals due to me working 50 hrs a week.

With that said, can anyone recommend a good PM firm in the Sacramento area?

Thanks

Geoff