All Forum Posts by: John Collins

In my small little corner of America, I will choose to help my community where and how I can. I don't need a law to force me to do the right thing where possible. Thriving communities are built upon leaders, not bleeders. Compassion, not coercion. And investments, not economic rents.

I'm sure this law is intended to mitigate the myopic throat slashing practices of the big banks that care little for people and communities. I believe the majority of my fellow independent landlords and investors have a soul and wish to walk tall in their community.

I looked at area in Clovis - east of Clovis, south of Herndon, east of De Wolfe, and north of E. Shields. 

There's been 1,588 sales in that area, of which 119 are non-owner occupied and the owner lives in another county. Those transactions are the most likely to be rental investments.

I'd look over some of those 119 recent deals and reverse engineer and see how they flow. 26 paid cash. The others financed at various levels.

Pick some of those and contact the owners and research their motivations.

And then I'd contact some of the renters - see what they are paying.

After that you should have a pretty solid understanding of the rental market there and build out some best/worst case scenarios for generating cashflow.

Pay off that student loan debt and celebrate. It's a step towards financial freedom and you will be rewarded for that down the road. Take a year and get educated, networked, and understand your market. You're young and time is on your side.