All Forum Posts by: Jon Kelly

@Cristian Cedacero run the numbers on both scenarios and look at IRR after 5, 10, 30 years. $999k property will earn much more than the $300k property...

I'd try to max out the NACA benefit and should for the highest property value you can.

In both scenarios your COC return is almost infinite so you can't go wrong.

@Mark Daniels keep it simple. Cash flow and COC return

@Cecilia Ann Jones price is usually the #1 factor. You're at the top of the market in or Canton... Are you willing to wait for the right tenant or lower it $200? 

Luxury rentals have a higher risk/reward with them. Be patient. 

@Gilda L. Sauceda new construction typically has less cashflow but greater chance of appreciation depending on the market. 

Older properties will cash flow better, but will have unexpected expenses. 

There's no right or wrong answer. Both can be great options. Just be conservative with your underwriting in both situations. 

@Jimmy Rojas it's only $20k. What's the worst that could happen? 

@Wesley W. you just don't get how math works! LOL 

@Miguel Diaz it happens all the time. Numbers just needs to make sense for all parties

@Aaron Wadsworth it's great you're spending a lot of time and thought preparing before starting your journey. 

To put it bluntly, all 3 of those "plans" are meaningless unless you find deals. I would be very aggressive identifying your market and networking with people that can find you deals. 

Clearly #3 is the most lucrative and the most time consuming option. #3 would be my selection, but it ultimately depends on your lifestyle and your goals. 

@Jason Sung why did you start looking if you don't know what a good deal is? Run it through a REI calculator and see if it meets your minimum criteria.

30 units is small for self storage. There's not enough activity for you to work there full time. How much of the $37k NOI are you going to pay yourself? Is that enough to make it your full time job?

$37k NOI and 6.5% cap seems like a good option and it gets you in the game.

@Rodney Lorenzo looks like you're looking for an easy way out. You haven't made enough offers yet. You said you have a good agent... so continue working with the agent. Act quicker when they send you properties and keep making offers! If it was easy you would've started when you were 20.