All Forum Posts by: Isabella Phillips

@Kyle Mccaw good thinking, that’s a possibility. I will ask. Thanks for your feedback! Can someone on here describe the area for me? Is it safe, clean, what class would you describe it as-Like A, B, C, etc.

@Lisa Walker they are both section 8 tenants. One lease is coming due this month and the other expires in May of next year. I’m not sure why they’re on the higher end but maybe i will run my numbers at 1,000 just to be safe. Thanks for the heads up on that.

@Kyle Mccaw yah, i hear ya on the low inventory. I see one listed (6620 S Creek Drive) for $209k but do you think that one is lower bc of the area? Is Hulen Park a better area? I just hate that i don’t know the subdivisions to know which ones to go for or stay away from or to be able to compare pricing.

@Joe Scaparra Thank you for your response! I agree, I would prefer a 2/2 but for the right price i could talk myself into it.

Hey All!

I live in San Diego, CA and have been referred to a friend of a friend who is a property manager/broker in Fort Worth, Tx who brought me a deal. I was hoping to get some info on the area and whether or not this is a good deal:

Duplex located on Hulen Park Circle, purchase price $250k, each unit is 2bdrm/1bath, 1003sqft, rents for $1125 (both sides currently rented). Any help would be greatly appreciated!

@Lisa P. Would you mind telling us who the competitor is you used?

@Tommy Sowell Wow, Amazing! Good for you. Thank you for your response! :)

@Caleb Heimsoth Thank you for your response! I owe $300k and it’s worth 500k so that’s 60% LTV, yah?

Hey Guys! I have a rental condo in Little Italy in San Diego that breaks even monthly with $200k equity in it. I’m trying to figure out the best strategy and would love some advice. I am a gymnastics coach running my own business. I love it but since I’m self employed I’m exchanging time for money and I have no security as far as retirement besides my IRA. My ultimate goal is to acquire enough real estate with buy and hold rentals that my passive income meets/exceeds 10k a month. Should I: 1. Wait and Pay it off (pay off in 2048) and collect $2600 rental cash flow forevaaaa 2. Sell and invest in multi-family out of state. (I am super weary of investing out of state bc traveling would be difficult since I’m self employed right now and if I’m not working I’m losing money plus I would prefer to keep my money where I can see it lol) 3. Sell now while the market is high and pay taxes on the gains and wait for the SD market to drop so I’m not buying at the top of the market. 4. Or ????

Hey Guys! I have a rental condo in Little Italy in San Diego that breaks even monthly with $200k equity in it. I’m trying to figure out the best strategy and would love some advice. I am a gymnastics coach running my own business. I love it but since I’m self employed I’m exchanging time for money and I have no security as far as retirement besides my IRA. My ultimate goal is to acquire enough real estate with buy and hold rentals that my passive income meets/exceeds 10k a month. Should I: 1. Wait and Pay it off (pay off in 2048) and collect $2600 rental cash flow forevaaaa 2. Sell and invest in multi-family out of state. (I am super weary of investing out of state bc traveling would be difficult since I’m self employed right now and if I’m not working I’m losing money plus I would prefer to keep my money where I can see it lol) 3. Sell now while the market is high and pay taxes on the gains and wait for the SD market to drop so I’m not buying at the top of the market. 4. Or ????