All Forum Posts by: Melissa Nash

@Account Closed   Returns are so low in CA because properties are so expensive in comparison to rent, and taxes are also a huge cost here. When you can buy a house for about $60k and get about $900 a month- your returns are higher than if you bought a house for $450k and rent it for $2000 a month, (That doesn't even include taxes). For example, taxes in Alabama are only $400 a year, vs about $5000-$8000 a year here in CA.  

Realty Trac comes out with stats each year on rental markets. They recently projected Orange County with a 4.7% gross yield, they estimated the average cost of home is around $450k, that puts the annual cash flow at $19,000. Now take a home in Alabama- for the same $450k you can buy about 7 houses on average. RealtyTrac says the average return in Birmingham, Alabama is 14.45%. Now take 7 properties x $11,757 on each property the annual cash return is $82,000. So, would you rather make $82,000 on 7 houses or $19,000 on 1 house? That is why so many investors are running to buy properties out of state. 

This strategy is for key turn homes for buy and hold rentals. There are a lot of analytics that go into property research and targeting the best areas with the highest demand. Right now California markets are are high and have almost completely recovered from the crash, the smartest investors know when to sell and when to buy. These are the strategies that we are going to be discussing, and we would love to have you at the event. Bring your questions, that is what the meeting is for. I have a few spots open if you are free on May 4th at 7pm.  Thanks!! Melissa

There are still a few seats left for this event. Please email if you are interested or have questions. thanks!!

@Chris Viglietta can you message me your email and I will send you the details. thanks! 
Melissa

@Chris Viglietta hi Chris- yes, we have rsvps- we have a couple of spots left, would you like to come? 

If only I had a crystal ball… How to select markets & forecasting

• Forecasting markets
• How to select markets
• Where is the market going to go? 
• Nationwide market/California markets
• Hot markets.......shhhh don't tell anyone

We have the privilege of having a keynote speaker Jared Garfield join us to help answer these questions for us.

Jared Garfield is one of the top real estate investment acquisition and investment property trainers in the United States. He and his teams have analyzed, closed, renovated, placed tenants and managed over 3,000 properties in 5 states. Having developed some of the top real estate investment research, scouting and analysis tools in the U.S., while also knowing market trends and cycles, to take advantage of market timing, Jared has built full investment teams in top cash flow markets. Jared spent three years working with Robert Kiyosaki training the “Rich Dad Poor Dad” coaching staff and helping clients build real estate portfolios. He trained and worked with the Carleton Sheets, *************, Than Merrill, Armondo Montelongo, Robert Allen staff members. 

Networking & dessert will follow. We would like to keep this event small; seats are limited.

Please RSVP [email protected] ---- May 4th at 7pm in Irvine, CA

Event sponsored by ROI Property Group Management

*we do not sell coaching, books, cd's, etc. There will be no pitching of products. 

Are you frustrated with the CA investment market? Can't find enough properties to buy? Tired of bidding wars and constantly losing bids on the best properties? 

You are not alone. Our investors are currently purchasing out of state properties and earning 3X what their California properties are producing with higher cash flow and w/cap rates over 9%.

You are invited to a dessert/coffee social on May 4th at 7pm in Irvine. We will discuss the Pro’s and Con’s of investing out of state.

Please contact Melissa to RSVP and for add’l info; [email protected]

@Ali Boone Hi, Ali! I am with ROIPGM. Our acquisitions manager is flying in on May 4th and we are having a small social and will be there discuss what our company does, how our construction crews work, our property management and of course the properties available. It might be most beneficial if you are able to come down for it, then you can get all of your questions answered and actually meet the people who do it. 
Let me know if you are free on May 4th--- it's in Irvine- 7pm. We did it later so people don't have to worry about traffic issues. LMK if you are free. thanks!

Melissa

@Account Closed Send me your email and I will send you some proforma's and you can see what the properties are making. 

@Tiffani Baggett absolutely!

Why don't you 1031 exchange it? Move it to a higher appreciating or higher cash flowing property or more than 1 property, then you hold off uncle sam and get into something you are happier with. I work with a lot of clients that use 1031 to their advantage, and swap out properties every 7 years (to re-start their tax schedule again) If you have 100k profits right now, those are lazy dollars not working for you. The only money working for you is the income generating on rents, which is why buy and hold is so great. I'd definitely upgrade your investment and put that $100k to work on a better cash flowing property.