All Forum Posts by: Anthony Gayden
Anthony Gayden has started 77 posts and replied 1981 times.
Post: $180,000 profit on FHA House Hack with only $5000 down
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Originally posted by @Alex Olson:
Originally posted by @Anthony Gayden:
Originally posted by @Kenneth Hynes:
@Anthony Gayden sounds great. I am thinking of taking a couple of my SF rentals and 1031 to multi family, but going through some analysis paralysis . Did you have your new properties picked out when you started the 1031 or ID them after your sale in Tucson ?
I identified them after the sale, so there of course was a short timeline to find the replacement properties. Fortunately I have a good set of criteria and I know that Kansas City market well since I am from there.
Nice work on your activity down here. Did you exchange into a property in KC or elsewhere?
I have 8 units in Kansas City under contract and I'm set to close later this month.
Post: $180,000 profit on FHA House Hack with only $5000 down
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Originally posted by @Kenneth Hynes:
@Anthony Gayden sounds great. I am thinking of taking a couple of my SF rentals and 1031 to multi family, but going through some analysis paralysis . Did you have your new properties picked out when you started the 1031 or ID them after your sale in Tucson ?
I identified them after the sale, so there of course was a short timeline to find the replacement properties. Fortunately I have a good set of criteria and I know that Kansas City market well since I am from there.
Post: $180,000 profit on FHA House Hack with only $5000 down
- Rental Property Investor
- Omaha, NE
- Posts 2,030
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Originally posted by @Nzinga Young:
@Anthony Gayden I'm honestly just as inspired by the real estate end of this story as I am you finding love and starting a family in your late 30s/early 40s. Thanks for the reminder that it's ALL possible and congrats on your success.
I'm glad that I waited until I was more mature to have a family. I'm also glad that I found a wife that is supportive of my real estate investing.
Post: $180,000 profit on FHA House Hack with only $5000 down
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Originally posted by @Kevin Phu:
Congrats on the sale.
Did you do any renovation to the units throughout the tears?
Yes, I did major renovations on two of the four units and basic renovations on the other two. I also replaced the roofs and two of the HVAC units.
Post: $180,000 profit on FHA House Hack with only $5000 down
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Originally posted by @Kenneth Hynes:
@Anthony Gayden Great job and inspiration to others . Don't mind me asking what prompted the sale ? Tucson seems like a great market . You tired of long distance or think they are better opportunities elsewhere ? In this case MO ?
Ken
I made a plan at the beginning of the year to expand my real estate portfolio using the 1031 exchange. I liked my property in Tucson, but I wanted to move on to bigger deals and increase the number of units I own and more than double my cash flow.
I still am investing long distance, but I wanted to invest closer to where I live now.
Post: 90 Day Goals, Let's Hear Em!
- Rental Property Investor
- Omaha, NE
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It has been a pretty busy year for me even with covid-19. My goal was to double the number of units I own in 2020. I'm still on track to do just that, and I currently have four duplexes under contract.
My secondary goal for the year was to get my real estate salesperson license, and while I completed the required education to take the exam, it has been pushed back due to the virus all the way to July.
Post: What makes you get out of bed in the morning?
- Rental Property Investor
- Omaha, NE
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@Josiah Patrick Zebarth
My wife and daughter are a huge motivator for me. I used to dream of big money success in all of the material things that I envisioned success consisted of, however now I am focused on my family and I want nothing more than my daughter to have a good life.
Post: Retire with 15 properties on 15 year mortgages
- Rental Property Investor
- Omaha, NE
- Posts 2,030
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Originally posted by @Joel O'Leary:
@Sovat C. Which podcast episode is it that they explain this strategy?
This strategy is actually discussed in the book 'The Millionaire Real Estate Investor'.
I am actually doing a modified version of this plan. No need to use a 15 year mortgage. You can still do a cash out refinance of a property and use the money from the debt paydown and appreciation to live.
Post: $180,000 profit on FHA House Hack with only $5000 down
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
@Matthew Maynard
I have a package of four duplexes under contract in Independence, Missouri. I'm also looking for a SFR here in Omaha.
Post: What makes you a heavy hitter on BP?
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
@Robert C.
I think the heavy hitters here are those who share their knowledge and experience consistently over a long period of time. They have done a lot of deals and don’t mind sharing what info they have while still being humble and admitting what they don’t know.
Perhaps they contribute extra by going to meetups, writing articles, making videos, going on the podcast, or just starting excellent forum topics.