All Forum Posts by: Stone Jin

@Stephen Brown I invest with my family.  

We invest in Sylvania primarily.  I feel that being out of state and doing it on your own this is somewhat less risky than investing in some of the tougher neighborhoods.  We are 1 year in and 100% occupied each property cashflowing over 10% cash on cash.  We are bullish on Toledo

Wow, moving there would 100% kill the deal for me.

Ajo will always have border patrol jobs.  As long as you have management in place and getting the returns you want then definitely explore further 

@Andrew Jones have you consider a house hack?  Buy a small MF in Myers Park and rent out the other units?

@Andrew Jones it depends on how much involvement you want.  We have a portfolio that we self manage, some that we hand over to property managers and we are doing some debt plays.  It really just depends on what you guys are comfortable with.  CLT is gangbusters and I'm considering getting into a house for personal use and then doing Short Term Rentals when I'm not there.  

@Gil Segev There are people in Phoenix that are still doing it.  Follow @Shiloh Lundahl and his adventures. Generally the BRRR properties and the good house hack properties are snatched up quick whether on MLS or not. There is no secret sauce to this, invest in the markets you know and are comfortable with. Find a way to acquire properties that is non traditional or make a ton of offers. Just make sure you have your ducks lined up (contractors, management, financing).

@Account Closed most of the posters on this forum are likely more keen on cashflow than appreciation and offer more of cautious outlook.  Appreciation or even speculation of appreciation is like gambling and investors tend of to have personalities that shy away from that.  So they read you post about leveraging and virtually negative cashflow, they are just providing some warning that if the market does turn around you may be in a tough spot.

I'm still bullish on the Phoenix market, we are hanging onto our existing portfolio and just bought a triplex near falcon field that we are remodeling.  I'm also of the mind set of cashflow so we buy in Ohio for cashflow which balances some of the stuff I'm doing in the valley.  At the end of the day it all depend on the deal, if it is a good deal in any market, then jump on it.  If you are buying full retail hoping for appreciation, then you may win and you may not.

@Shiloh Lundahl @Account Closed I agree with Shiloh.  I keep plenty in reserves not because I think I'll need float my portfolio, rather every time I need new financing the banks require I need a ton of cash for them to feel safe.  There is no correct answer on your question, it will differ based on risk tolerance and strategy of each investor.   

@Alina Shrestha sure, use other people's money and BRRR. If you find a smoking deal, borrow some from friend and family, take it down with cash and then fix and refinance and then pay everyone back.