All Forum Posts by: Kelly Pierce

@Blake Dailey I would love to hear more about what you got, are the numbers. You can private msg me or reply here.

I am a realtor in CA and I've spoken with realtors in Ohio, Florida, Texas, Tennessee and I've had no luck seeing a difference in return on investment or cash flow on properties. I can get around .62% on SF here and thought for sure after all I've heard about these markets that it would be totally possible to get between the 0.70-1.00% on SF and close to that on a duplex or even have decent cash flow on 2-4 but from what I'm seeing that is not the case anywhere. What am I missing - is it only those who have the large & expensive mailer systems in place who find anything worth buying anymore - and for that you'd need to live in the area? I have two rentals here and might as well continue to invest in CA if there is nothing better to be had elsewhere. Feeling super late to the party and frustrated. Would love feedback and advice or direction.

@Willard Blair couldn’t be a better deal at the cost of free. I use it for both my rentals and it’s fantastic, I absolutely love it!

@Stephen Glover fantastic and thank you for sharing. I’m disappointed in my fellow realtors for not helping more. They easily could have helped you pull comps and help show the appraiser how they were off in their numbers. Way to handle it though!!!

Seems like a great reason to ALWAYS go see what you are buying and vet the company you do business with really well. That's scary and after reading a lot of discussions I don't think the Turnkey way is the right thing for me. I am a realtor and need to go there and see it/inspect it for myself before making a purchase.

Also I heard your podcast episode. Unfortunately I only purchased one rental in 2012 and didn't really have the ability in my area to buy more until now and now the market in CA has pretty much priced me out of the market here. Do you have out of state properties? 

Thanks Dan Heuschele for your post. Sorry for the delay in getting back to you. YES you are correct CA appreciation is A++. I did have a couple good years but locally here there is a fear our prices may not be stable - of course I cannot predict the future and since this post I've heard a few sides to the predictions. I feel like a buy & hold should have cash flow and mine has none and not even any $$ to cover capital expenses or repairs. This is why I felt it was not a good one to hold. I would prefer cash flow and if I get appreciation call it a bonus. Obviously I still have a lot to learn but most investors in this area seem to be selling this year - I'd like to move into Multi-family myself.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

So obviously this report looks REALLY great. My issue and question....I bought this property in 2012 so I've had it for almost 7 years now. So I didn't go from 42,500 to 190,000 overnight as the calculator may appear. Does that mean the whole report is wrong? Secondly as you see over 10 & 20 years the Annualized Total Return starts to go down significantly but still showing 9% in the end. Again I don't know if this report is accurate because I cannot back date my purchase date etc. My main question here - is this something you would keep FOREVER or at some point would you sell it. I'm leaning towards keeping forever but wanted to hear opinions of WHEN DO YOU SELL? My goal is buy & hold and cash flow for retirement - ultimately. Also (because I have another one not cash flowing but appreciating) I've talked to probably less particular investors who are ok with not getting cash flow right now because they plan to have their tenants pay off their property and cash flow in retirement. What are the thoughts on that and is that a waste of time where you could be cash flowing all along with payoff? 

Thank you @Chris Clothier and others for your response. My question was NOT about a specific set of numbers but merely trying to see if I was using the calculator correctly. I did not believe Memphis did bad work at all in fact I was feeling like it was what I'd do myself if I was handling it with contractors. I just am learning about this calculator and obviously doing it wrong which is what I figured. Sorry for all the confusion and I do appreciate the advice & feedback. 

Thank you @David Hutson I appreciate your insight. 

Thanks @Rachel H. - will do.