All Forum Posts by: Marisa R.

Does anyone know of a great network of real estate investors in Australia? Is there an equivalent to Bigger Pockets? Who are the best when it comes to asset protection?

Yes

Propertychat.com

Terryw on this forum should be abkw to assist you, his area of expertise

0 Votes

Originally posted by @Caleb Landis:

I live in an expensive market where it is very difficult to find cash flowing rental properties. That means I will be partnering on flips in the market I live in, but looking to buy and hold rental properties for cash flow elsewhere.

How do you go about choosing where to invest remotely? Where are you investing right now remotely?

I am finding rental yields in Detroit from 12-15% net returns

Its taken some time to get these performing as I purchased 10, from buying to rehabbing and renting

Finally cashflow coming together

I do not buy in war zones

Its a tougher market than most, but if you get property management and product right it can be a winner

1 Vote

Originally posted by @Rahul Handa:

I new and still trying to figure this out. How much captial do i need to make $2500 a month passively. Any suggestions will help.

Hi Rahul

This is one of those....... ‘how long is a piece of string’ questions.....

Its dependent on the market you are buying into, entry point will vary significantly

For example, If we were talking Detroit and you paid $35,000-40,000 for each SFH, renting at $800 gross, you will need capital injection of somewhere between $120,000-150,000

Now if we are talking Boston perhaps add another 0 to the capital??

1 Vote

Originally posted by @Alaska Wagoner:

Hi Friends of BP,

I'm having a hard time nailing down my buying parameters and I'm hoping you can weigh in. I'm looking to eventually own 25 rental properties (25 x $200 / month in cash flow = 60k per year, which will give me the passive income to live the lifestyle I want to).

What are numbers do you need to "hit" before you would offer on a property?

Is there anything else you look for? Ability to add an additional bedroom, increase rent a certain degree etc.

If you could include how many units you currently own that would be much appreciated!

Thanks in advance for your thoughts; Good luck out there today!

-Alaska

12-15% net rental returns

SFH

One sweet deal $32,000, $800 per month rent

0 Votes

Wouldn't you still need to allow for maintenance...not covered under HOA??

0 Votes

Originally posted by @Denzil Dwelle:

I am worried that with so many homes being turned into rentals that the rental market will become saturated, at least in the good neighborhoods.

All rentals must be certified to meet city standards, you can find out more about this of their site

This in part will improve and gentrify the city

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I must be dumb ***, I offer full price as I like to buy in rising markets, always lots of competition, this way I shoot my competition

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You will be getting a full indpection, right??

The major stuff

Wiring

Plumbing

Structural damage/cracks etc

Old garages in disrepair can cost you dearly... ??

Many stay clear from double storey structures, due to more plumbing issues. Never stopped me, but just something to be mindful of

0 Votes

I think its good to take some money off the table booms dont last forever

0 Votes

Originally posted by @Matthew Insley:

I invest in small multifamily properties in Springfield OH. This is a great way to get a good return with diversified risk. Check out the deals that I shared in my profile. My issue with SFR is that if you have an eviction or other issue with a tenant, you have $0 coming in. I had an eviction last year in my 4 unit and still made money.

But that is why you buy volume ie 5, 6 SFH etc mitigates the risk

3 Votes

All Forum Posts by: Marisa R.

Marisa R. has started 68 posts and replied 570 times.

Post: Does Anyone Live and Invest in Australia? Or know of anyone?

Post: Best Markets for Rental Properties

Post: How many propertys/cash do i need if i want $2500 passively.

Post: Seasoned Investors - What are your Buy & Hold Buying Parameters?

Post: What is a good amount of cash flow for rental income.

Post: Buying real estate in Detroit?

Post: Do you low ball, or make sure you secure the deal?

Post: 100 year old property- what to look for?

Post: Is Anyone Selling as the playing field is changing??

Post: What are great Midwest Markets for my first Rental?