All Forum Posts by: Jason G.

@Jason Gines

Thanks Jason. That’s what it sounds like. The one pro I see is it’s pretty hand off and can still make a profit. I’m thinking it might be tough to sell down the road also however. Appreciate your insight. Thanks again

I’m newer to investing and came across a condo for sale in Florida which apparently is a “condo-hotel.” My understanding is that the building will rent this out for you and take a percentage. Does anyone know both the pros and cons of this type of investment? Thanks!

 Hey thanks Nicholas!

I'm looking in the mid west market for either a duplex or a SFH to produce Cash flow. I plan on being more passive than hands on due to my job being pretty demanding and also because I'm from Florida

Would you recommend websites like roofstock to use their calculations and analysis to see data like cash on cash ROI and projected total returns?

Thanks

Thanks, @Cara Lonsdale!  

@Kuba F., I was talking about sites that have listings.  I would of course run the numbers using my own calculators before closing any deals, but it's really nice to have the analysis done by the listing service just to get an initial feel.

I'd be especially interested in sites that are able to look at markets besides the most popular, as I'll likely stay away from the big metropolitan areas.

@Jonathan Bigelow  Your story sounds painful and Im sorry you had to go through that, but knowing what you went through will help people like me who are in the process of vetting this company.  Just 5 minutes ago, I posed some questions in the most recent Roofstock thread as follows:  Will I be able to get info on the tenants like, their pay history, issues the tenants had with the property etc, because knowing these things will shed a whole lot of light on WHY THE CURRENT OWNER WANTS OUT.   Thank you Jonathan.

Hi all, trying to get information on how I can purchase a rental property using my VA loan.

Hello,

When using the BRRRR strategy or the Buy and Hold Strategy, generally how long should people hold their properties? And on top of that, does the length depend on the deal, market, or where the investor is with their progress? Meaning, if I am just starting out, should I generally try to buy, renovate, lease, and then sell the property quicker than I would if I already had a numerous amount of units under my belt?

Thanks,

Nate Witte

I've run the numbers on quite a few properties in my search area and have found that the majority of the ones I like the numbers aren't good on unless I offer way less than the asking price. I'd like to stick to my numbers so I don't buy a bad deal but the most recent one I ran came up with an offer price at 40% of the sellers list price to make it work. This was the lowest so far but most of them have been around the 50-65% of list price range after looking at rehab costs and rent rates etc. Should I be considering what the rent rates should be instead of where they are currently? If I would offer on something based on those rates and get it, do I raise the rents from day 1?


Thanks in advance for any help/advice on this!

Thank you all so much for your input. I will do more research on this topic.