All Forum Posts by: Joseph Bui

In any market, if the numbers work for you, it can be a good investment. However, things you go to be aware of A. Its nearly impossible to cash flow, expect to lose 1-2k a month. Add on top of that any maintenance issues that pop up (and they will eventually). B. Appreciation seems to have gotten stagnant there recently. These are the same reasons I don't invest in my home market of Seattle. I am mainly invested in midwest markets Memphis and Detroit where there is solid cash flow and apprecation has been good as well. Happy to connect and knowledge share.

LLC is just another layer of protection. There is a great debate about LLC or just taking out a big umbrella policy.

Hi Brian, I'm not too familiar with the Columbus market but I do have 9 doors across Detroit and Memphis. Happy to connect and knowledge share if you are interested.

Hi Jordan, happy to help you answer any questions based on my experience. I'm a midwest investor with 9 doors across Detroit and Memphis. Would be happy to connect and knowledge share.

Hi Lee, I’ve been investing in Memphis and Detroit the past few years (scaled to 9 doors now) and I feel like both markets are good for landlords and also great markets to continue to build your portfolio. Happy to connect and knowledge share. 

I’m based in the Seattle area so I’m going through similar issues where my area is way too pricey for me to invest. I’ve been investing in Memphis and Detroit where it’s much more affordable and appreciation is still strong. Happy to connect and knowledge share as well. 

I’ve been investing in Memphis and Detroit for the past few years and getting both cash flow and appreciation. I’ve scaled to 9 doors across those markets and so far so good. Happy to connect and knowledge if you are interested. 

Hi James, not sure what markets you are interested in, but if you are interested in Memphis or Detroit (where I have 9 doors), I would be happy to connect and knowledge share.

Hi Jack, I'm not too familiar with the central PA area, but I do have 9 doors across Memphis and Detroit where I mostly did BRRRR type deals. You might need to look in a different market to get the good BRRRR deals. Happy to connect and share with you my experience in the markets I do deals in and run the numbers with you.

You'll never feel 100% comfortable with your first investment. There will always be risk and many things can always go wrong. Those of us who have done it awhile are just used to the risk and can stomach when things go sour. I say, if the numbers work, go for it. If you run through the worst case scenario, is it that bad? To me, best way to learn is to jump in and take your lumps.

What market are you looking in? You mentioned your math shakes out to 150/month cash flow on a property that costs 150k? thats not bad, assuming you are calculating a mortgage and you expect solid appreciation over the next 5 or so years. Happy to connect and run through all the opex costs I face through a year if that helps.