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All Forum Posts by: Jeremy D.

Jeremy D. has started 19 posts and replied 72 times.

Post: Any advice on RE portfolio and strategy?

Jeremy D.Posted
  • Investor
  • Grand Rapids, MI
  • Posts 74
  • Votes 8

Hi everyone- I have been browsing this site for quite some time and finally decided to join. I have been investing in rental RE since early 2009 and have acquired a number of rentals ranging from SFH to 4 units. I keep thinking that in 5-10 years when i start selling i will know if my strategy works out but i'm wondering if i could gather some feedback from the experienced members of this site!

A typical property for me is about $80-90k total acquisition costs- fully renovated by a small crew that i keep busy (electric, plumbing, kitchens, floor, mechanicals, etc..), two units, $1550/month total rent, low vacancy, etc. Areas are not war zones, they are a mix of rentals and owner occupied.

Financing is typically a 5 year ARM which is a risk, but i do 20-25% down and average a 20 yr repayment schedule focusing on smaller mortgage balances first.

Property management companies in my area quote about 10% for management plus 50% one month's rent for placement. Rather than do this I have hired a part time manager that does everything and nets a savings vs. hiring a firm.

Things seem to be working well but I can't help but wonder if I am missing something. Any thoughts or feedback based on this information? Opinions would be greatly appreciated!

Post: The BP Conference - who's planning on going?

Jeremy D.Posted
  • Investor
  • Grand Rapids, MI
  • Posts 74
  • Votes 8

Does this conference take place around the same time every year?

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