All Forum Posts by: John Moultrie

Cash flow is what you need to target, take the equity out, Austin is not going to see the same appreciation it saw 6 months ago. Buy MF that cash flows.

Thanks for your input, Elliott

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Hello! My name is John, I’m a new investor hoping to get some advice. I started investing in 2020 and have seen tremendous appreciation like so many other investors who started out around the same time. I have two rental properties, and combined I have about $400K in equity in them. Property taxes in austin area eats away at so much of the profits, and I am planning on 1031 exchanging both properties to buy somewhere else (still undecided and researching markets)

My question is, would you look in to multi family in order to scale and start to building cash flow through owning more units or focus on short/medium term rentals? I am overthinking this quite a bit I have never been in a position to be able to reinvest a large sum of money and am terrified of making the wrong decision.

Hoping to get a better perspective on the considerations of either route.

Thank you.

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Quote from @Patrick Drury:

@John Moultrie
I personally own a rental property that I rent out via section 8. I would definitely recommend it. The hardest part about section 8 is getting the process down, like what to do and when. Sometimes they also just change the process and don't tell anyone. A big part of renting to section 8 tenants is screening them. Just because they have a voucher doesn't mean they are the right tenant. The same goes for average joes. Just because they make enough income doesn't mean their application is perfect. Did you do a background check? A big part of tenants treating properties badly is because people didn't screen the tenants adequately, so don't make that mistake.

@Patrick Drury thanks for the info. Are you able to raise rents as you wish? Or do increased need to be approved through CMHA?

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Columbus, Ohio

Hey Everyone! Can you share any thoughts in investing in CMHA properties in the Columbus area? To my understanding it can really make or break it by having a good property manager but can you please share some insight on anything else I should be concerned about? I know one one of the main ones for me is potentially not being able to raise rents easily. Any help is appreciated

1 Vote

Columbus, Ohio

All Forum Posts by: John Moultrie

John Moultrie has started 2 posts and replied 4 times.

Post: Advice for reinvesting gain in equity

Post: Advice for reinvesting gain in equity

Post: CMHA (section 8) tenants

Post: CMHA (section 8) tenants