All Forum Posts by: Johnny Wolff

@Łukasz Juraszek - rules are silly. Nuanced analysis is harder, but thats how you win in investing... and life

@Yonah Weiss love the question.

I majored in finance and its been foundational in my real estate investing career.

Think you can achieve years of experience in months with detailed multivariate financial modeling. Especially if you're using monthly data, good assumptions about inflation, and tweaking the levers.

Did you know that inflation adjusted cashflow actually goes down over time in high appreciation, high property tax areas? I didn't, until I modeled Austin investment options.

@Kaylee Walterbach - such a fun post (who doesn't like to talk about their successes??)

In 2015, I moved from SF to Austin, specifically to buy real estate. The local county’s down payment assistance grant covered 100% of the down payment on the duplex I bought weeks later. I got paid $ at closing AND the property appraised for $30K above the purchase price!

Has anyone considered coliving as a real estate investor strategy?

Oh yeah - one last thought.  Look into downpayment assistance programs in your area.

Hello folks - I just created a really cool landing page for our real estate company and would love some feedback from someone with fresh eyes.  Send me a DM if you have a couple of minutes and can give me honest, candid feedback.

@Alex Escorcia Jr - I'm originally from San Francisco, and my first few investments were out of state via turnkey provider - totally get where you're at right now. That being said - 12-13% is the ROI or cash yields? If its cash - (that's super high) I'd really make sure you're looking at crime stats, the population density of the areas the house is in as well as looking at comps to houses in the immediate vicinity. Out of state investors are juicy targets for turnkey providers. Super important that you research more than the specific house and specific proforma. Is the house priced well for the neighborhood and will it have good resale value?

Good luck!

Ding ding ding - such a winning formula. Side by side duplexes is one of my all-time favorite property types. Combine that with house hacking/FHA loan and its pure gold. Good stuff @Ian Kugel.  Plans to do it again in the near future?

@Alex Olson - I think my rule of thumb for the KC metro is to assume appreciation will match annual inflation.  Some hot submarkets might beat it (Prairie Village right now for example) in the short term.  But think that is sort of an atypical for KC.  Population, job, and income growth are pretty average.  Density isn't that intense.  KC is a great market for stable singles and doubles.

@Tyler Smith -  my first two rentals were through a turnkey company and while the cash flow wasn't game-changing it was an awesome way to learn real estate first hand with very limited stress.

I'd recommend this approach to anyone starting their real estate journey.

A few things to be aware of when going the turnkey route:

1)  They all have inventory that they are trying to offload - decide the area and city yourself then find the provider

2)  Once you choose the market and area choose your turnkey provider and property manager extremely carefully - these are huge variables in your long term success

Good luck!