All Forum Posts by: Jeffrey Holst

Looking at those 10 year trends how often do you see rents trend down.  I think rents 10 years ago were higher than the same rents 20 years ago and rents today are higher than they were 10 years ago.  I dont think rents suffer the kind of drops that you see in values.  Not saying you shouldnt worry about it but I dont think 10 year old rent data is particularly helpful in projecting future rents.

You might be able to put in additional baseboard type heaters for much less than central heating and cooling.  

I wont be around to make it to that one sorry

welcome. and definitely house hack even a duplex or a single family with some room mates would work obviously a triplex or a quad would be even better. best of luck

I have done deals with my dad in a similar situation to yours (although I am not claiming to be a rockstar).  

What we did is have him loan the cash to our company and recieve interest on his cash before we split up equity and cashflows. So in your example.  Your son puts in 40k and you match that plus some more.  The extra above the 40k that you put in we would pay my dad 6% interest only until his principle was returned or indefinitely depending on deal and then divide up the rest 50/50.  On a couple deals we split equity differently like if I was doing more work than normal or if he was putting up a significantly larger chunk of cash I might get 30% and him 70% but no interest for him. Basically we just try to make a fair deal each time we do a new deal we write out the terms we both agree and then we follow them.  Investing with my dad has allowed me and him both opportunities that we otherwise would not have had.  

Hope that was relatively clear if not feel free to message me and we can talk about it more specifically.

Welcome.  Chattanooga is a great market to buy small multifamily properties.  I wish you the best.

To me it's all about cash flow. The rest is just noise. What I saw during the last drop is that rents stayed the same they didn't go up but they also didn't go down expenses stayed about the same or even went slightly down as contractors became less busy and we're willing to work for less. If you cash flow conservatively now then you should cash flow during whatever drop might come. This really isn't a guarantee but that's as close as you'll get an investment world. Choose solidly cash flowing properties now and if you can't find them don't buy anything. When and if a crash comes choose solidly cash flowing properties and if you can't find them don't buy anything. pretty much all the time choose solidly cash flowing properties and you won't regret it.

Unless you're planning on using Equity from your primary residence then I don't really think it makes much difference. If anything it might help you slightly since I'm assuming you're not on the mortgage either. There may be other reasons to get your name on the deed like estate planning Etc but from an investing perspective I don't really see much issue

I have got a quick Memorial Day update for you. I have fallen behind pace on the podcasts. I just finished show 123. I have a 157 episodes to go plus any new ones that come out the rest of the year and given that we're almost halfway through the year I feel like I'm a little bit behind pace. Not a terrible amount but I still need to pick up my game. I'm still killing my posting goal posting while more than 10 times this month and way over the hundred and 20 for the year goal. I started the year with something like one post or maybe two and I think I'm in the 300s now. I deployed the money in the Roth in a note instead of a property but that's okay the main thing is and got that money working for me. and I'm still keeping my eye out for a property to buy individually. Also working on building a cash Reserve so that when an opportunity comes up I can jump on it right away. Made some pretty good progress and other areas my life as well. Hope you all are doing well and exceeding your expectations. So far 2018 has been pretty good and the second half of the year as where we can all crush it.

I have done both. It just depends on what makes sense at the time.