All Forum Posts by: Tony Ngo

Thank You Michael and Ryan!  I signed up with the Core and will start to enter tenant info and property info.   

Hello,  I'm looking at Buildium software to help with managing 25 units (6 plex, single family homes..)  They offer two options, Core or Pro.  The Pro costs $150/mo and Core would only cost $60/mo.  Is the price difference worth it to get the Pro version?  I don't mind paying the higher price is the value is there.  I manage my own rentals.  I would appreciate your experience if you are currently using Buildium.  

Yup, brrrr is how we're accumulating our rental properties.  I'd be happy to have coffee and chat.  We're always happy to help others get financial freedom the way we did.  PM me.  

please email me more info: [email protected]

Hi Joe,

When we look for passive deals, we're looking for at least 10% cash on cash returns.  We do conservatively estimate repair/maintenance and vacancy to get that number.  At this point, we care for cash on cash return more than appreciation.  We look at appreciation as icing on the cake.  We are in the accumulation phase, where our passive income are replace our personal income.  That goal will change once our freedom number is reached.  

Hope that helps.  

Thank you Jay.  I will reach out to them.  

@Jonathan Blum, do they finance more than 10 single family homes?  That's what I am looking for.  I have a good commercial lender that I work with for multifamily.    

Hello,  I am looking for a portfolio lender in or around Portland OR.  My husband and I are close to owning 10 rental properties and planning to go over that number in a few months.  I need a portfolio lender that will finance more than 10 rental properties.  Any recommendations or directions are appreciated!  

Thanks,

Kayla

I'd love to meet investors around the area.  I'll be there!

Here is what I would do.  

1. Fix up the rental - back to rentable condition.  Hire a property manager to manage it.  Or sell the rental and lend the money out to a good reputable short term lending company and get 8-9% return with no headache.  

2. Sell the primary home, and buy a newer home nearby using a reverse mortgage.  A lot has changed with this product.  It is a great product that you should learn more about to help your grandma.  

Good luck!  And keep us posted in the outcome.