All Forum Posts by: Paige Kelsey

We have sfr's that are turn key. All rented with a management company in place. We are making 14% with all management in place. Let us know if you are interested as we had gone sfr and now want to make a move toward apartments- we even have a lead on a commercial lender in dayton that will finance these if interested.   

I have 8 in dayton and they are going well so far. I am curious though how you all are structuring so as to minimize tax on rental income. I have a number in colorado and then now dayton. I was going to buy more but we have been looking at state and city tax and then federal and got killed last year. any thoughts? 

Hey guys  the stats: the goal is long term passive income 

-23 doors all cash but 1

-Financing 14 out 

-I have a full time job and so does my husband 

- all rental cash on cash unfinanced is is20%+ unfinanced

-We just moved to portland oregon and have no investments or property here

Question- once we pull money out of these rentals through refinance is it better to use that toward a larger down payment on a primary home or keep buying all with the end goal in mind of just living off passive income? Homes in the pdx to live in will run us between 600k- 800k

Side note - we were about 1500 a month shy of a our overall goal before the refi but once we do this it will drop that to about 3500 with debt service but... we will have cash again... your thoughts?

that sounds more like you are looking for private money lender than a partner per say. We just moved to portland but I am curious what kind of multi you might find given these prices. Love to hear more about the deals you have in mind and then could potentially be interested

Right key investors

Hey All- I have flipped a bunch of houses in Colorado Springs, we are currently holding about 10 +doors mainly vacation rentals and we moved to Portland Oregon. Wow, so I thought the market was hot in Colorado Springs.... apparently nothing like Oregon! HOLY COW!!Anyway, we saw some good numbers being posted on a turn key out of Dayton Ohio and were wondering if anyone had any insights on that market. We are flying in to check it out in a little over a week but the turn key company is boasting returns of 20ish percent? Is that possible? We get well over that with vacation rentals but uhhh... it is some work for sure! Anyone, Dayton??? what you got? I am looking to buy anything from a 4-10plex ish thanks?    

Hey- I just moved to Portland/Vancouver area- let me know if anything comes up either commercial or residential

[email protected]

Hey Derek- I just moved to Portland from Colorado Springs and am looking to buy. I would rather have multifamily but could do whatever. We currently have 10 doors in Colorado Springs and are looking to do either flips or buy and holds here. let me know if you get anything

it is a 2/2 + 2 cabins 1 can rent :)

My Hubzu story.........so far.......... 

HUBZU- listed a property I had thought about picking up at auction. The bank wanted 205 at auction and it was 3 units. A main house and two cabins. Hubzu listed the property as a 3 bed 3 bath 1500sq ft unit starting at 136 and by the time allotted it went up to 159k.The reserved had not been met. I had lost the bid but I knew that the home when it went to auction the bank wanted 205,000k. My guess  was the reserve had to be around 185k. I knew when I had run the numbers I didn't want to pay more than 175k. The truth on this one was that I just but in a back up bid at 159k just to see. The next thing I knew the bank accepted my back up bid. Whaaaaatttt????Keep in mind, I thought my numbers would have worked fine at 175k.  Now for what I found out. Hubzu is crazy to deal with. Basically it is like dealing with an Indian call center.  There are so many grammatical mistakes in just the one sentence emails it is incredible. What I found was that HUBZU does not have boots on the ground. They listed the property as with tenants do not disturb. It was vacant. They listed it as a 3/3 1554 sq feet. El paso county has it as a 700sq ft 1/1/ Good news. They don't know the difference. I said, " I bid on a 3/3 it is a 1/1 and only  half of the square feet. I asked for them to come down to 105k. They did not but did come down to 146k with all of there closing included. The bottom line on this is that by doing due diligence, you know more than whoever this out of country call center is about the property. I   (fingers crossed) should end up with a 2/2 house with 2 separate cabins a block away from the center of town in Manitou Springs! Lesson learned- HUBZU- YES PLEASE but know that you can negotiate AFTER YOU ARE UNDER CONTRACT!!!:)