All Forum Posts by: J. Clark Baird

@Erik Hitzelberger. I agree that the property prices in most of those zips are too high to get a good ROI on investment even using BRRRR

@Jason James. Great work. What part of town were the properties in?

@Troy Cole glad to have you here! I would love to sit down for coffee and talk investing and opportunities.

We have 5 houses in Portland. Best move we ever made. We also have wholesaled several there and did 1 flip that we sold as an occupied turnkey rental. To be successful in Portland you need to know the neighborhood. I have over 20 years of experience there. I would buy 20 more houses in Portland tomorrow. Cash flow all day. If you're serious in your interest about Portland get in touch with me. I would love to discuss. Because I have personal relationships with people and families who have been in Portland for generations, I find out about deals that would never hit the market because people in Portland will buy up the houses down there like crazy. Even houses in Portland listed on the MLS get snatched up quickly if they are in decent shape. I can run on and on about Portland as some of my colleagues can attest.

I think the answer is dependent upon your goals. If you're looking for ROI on investment via cash flow or the BRRRR method or simple appreciation.

My point I keep making over and over with my fellow investors is this:  for a rental in Louisville there are generally certain ranges of rent you will get for a house or apt based on the # of beds/baths.  Certain areas/zips will bump that rent # up or down. The question for me is, the price I have to pay to get into an upper zip code, is the amount of increase in rent worth it?  

In some areas like Okolona you may spend 80k for a decent 3/2 that you may rent for $1000-1100 tops.  I buy a 3/2 in Portland for $40k and rent it for 800-900.  I’m not looking for appreciation. I’m looking for cash flow. As long as I screen my tenants and maintain my property then I maintain cash flow. Oh and of course I can buy 2 x 3/2 for $80k and cash flow $1600-1800/month. 

This is extremely important if a person is using bank loans. Why tie up $500k in credit on 5-6 houses to generate let’s say $7500 a month rent when you can get 13 houses generating $11k/month?  Taxes and insurance costs will be about the same in each scenario.  Yes there could be more maintenance for 13 houses v 6 houses but alternatively if you have to evict a tenant or have a house sitting empty for a month, the expense of 1/13th is a lot less than 1/6th a loss of cash flow. 

@Taylor L. thank you very much for the suggestions!  I am trying to cross market across multiple media platforms. But I will definitely use the suggestions on making and editing the videos

Justin, I would like to connect with other real estate investors while also driving traffic to my website and other social media profiles. I would love to get together for coffee and talk shop

How many people have business YouTube channels? Has it increased your SEO visibility? Led to any deals?

I just started one and am open to suggestions in terms of material to post or the best way to utilize YouTube.

@Jacob Michal you would go to the Hall of Justice at 6th and Jefferson. The probate division is on the 2nd or 3rd floor.

Another good option is to scan the county clerks online land records site.

@Jacob Michal happy to grab coffee or lunch and talk!