All Forum Posts by: Johnny Wolff

@Andrew Bissada - we have 21 roommate houses in the midwest and even one in Austin.

You'll be fine and I'd encourage you to move forward as I would at any other time.

99% of rent collected across 120 rooms this year.

@Oscar Montealegre - cool post and I like all of these markets. We've expanded into Dallas and both SA and Houston are in our future plans. Great analysis and I got a chuckle out of it as well.

@Ciaran Hyman-Martin - definitely and this is a great question.

A few to start you with

1) price appreciation over last 5 years

2) net population migration/population growth

3) Income per capita

4) Income growth

DM me if you have further questions. Asking how to analyze is the right framework - keep asking these types of questions, you'll do great

@BRAD THOMAS - MS Excel.

Doing the analysis from the ground up teaches you more than a program.

But my favorite other tool is Roof Stock.

@Drew Hoffos - I'd buy a nice SFR to start with and watch and learn for a little while. Learn to get tenants, learn to talk to property managers.

Multis aren't passive and are real businesses. If you had a serious vacancy issue, bad pm or capex item it would sting pretty bad.

@Travis Kyle Turner - rule fetishes are such a drain to productive RE conversations... and honestly miss the biggest keys to RE success

1) do real analysis (market, population, crime)

2) 2/3rds of your returns aren't related to cashflow...but most 2% rule properties give you very little there

If it's too easy, or it says "rule" then you're on the wrong path my friend

@Klint Ruud - definitely hurt it.

Think coliving investment properties are going to take its place for most investors. That approach was drastically more stable during the spring.

@David Bell - Texas all day my friend. Very landlord friendly laws as a bonus.

@Rachel Cutler - think I'd save up $10-$20K more so you can invest in good areas of good cities.

$80K properties are pretty meh, even in the midwest.

@Josue R. - we're buying in KC and DFW. The market is still hot, hot, hot.