All Forum Posts by: Jordan A.

For a purchase and rent situation, what is the return in florida (specifically where you are). I know in LA, 1 mil dollar home rents between 4.5k-7k. Depending on location and condition.  

id be open for a flip or two, only concern is whether the 400-600ish is enough to do it on my own, or whether throwing 100k in a fund with 6 others is the way to do it. 

Selling a property this month.

Currently renting for 8k, mortgage is $4500. 
Profit of about $3500 monthly but selling due to market and some personal issues.
profit will be 400-650k pre tax (if I do 1031 exchange). 

trying to figure out where to put these funds to maximize cash flow or flipping x2 profits in a short time.

any local so cal people looking for investors on new construction, flips or multi unit?

Bumping ***

Hello everyone. I feel I’m in a good situation overall but need guidance. 

Long story short I purchased a home in so cal last year for 1.1 mil. It is now worth 1.5+. Can probably get approx 1.65-1.7 with the current market. That’ll leave me about 850k in liquid funds for a 10-31 exchange.

what options would be best? I’m currently renting it for 8k monthly and my mortgage is about 4300 so I’m definitely doing well on it. It wasn’t supposed to be an investment property but it turned into it. 

Should I cash out and put down 200-300k on a new prop and keep renting it? 
should I sell it and then put the cash down on a property at 1.5-1.7 and do the same but hope for higher rent? 

Should I sell and rehab and flip properties? 

I know how this stuff works to an extent but not sure what choice would be best for ME right now. It’s leased right now but I want to be ready to go when the lease ends. 

im still located in so cal. 

Thanks 

Hi so I’m really trying to figure out the best way to expand my portfolio and generate cash flow without going over my head. 

I own a STR in the desert here in so cal. Bought less than a year ago and will come out with 80k+ Net profit. It's on the market now.

I have a home I purchased to live in earlier this year for approx 1.2 mil. Have about 350k cash equity and the home value is probably about 1.4mil now. About 500-600k in value if I sell it now (which I don’t want to). I’m renting the house out for 6500 (my mortgage is 4500) so I’m getting about 2k monthly from it. 
I want to get another property that will generate me about 2-4K monthly. 

Should I put 70kish down on a home and just rent it out like I'm doing with the 1.2 mil home? I don't want a HELOC or cash out even though I can do it because idk what to really do with that much cash where I see it justifying a more expensive mortgage.

Can someone point me in the right direction? I’d like to invest here in so cal and continue building a portfolio here. 

Thanks