All Forum Posts by: Mehran K.

Welcome to BiggerPockets @Melissa Melia , thanks so much for introducing yourself to the community! It's great to have an experienced investor like yourself join our ranks. I'm sure with your personal investments behind you, you'll be a great PM for other people! 

See you around the site! Glad to have you here.

Big welcome to the site @Huey Huval , thanks for introducing yourself to everyone! My advice would be to really get a handle on what expenses you're likely to have on a property in the long run. Property management fees, property taxes, insurance, repairs, maintenance, capital expenditures, etc.

That you can more accurately evaluate a deal to see if it's worthy! See you around the forums!

Big welcome to the site @Joshua Swanger , thanks for introducing yourself to everyone! I have a cousin that lives in Temecula! What wholesaling goals do you have? I'm curious!

See you around the forums!

Welcome to BiggerPockets @Chris Williams , thanks so much for introducing yourself to the community! I highly suggest you remember the information Aaron just shared with you. It's important to know what you're getting into!

See you around the site!

Welcome back to the game sir!

@Nick Wiswell Also, not every PM company is bad! There are also other people out there that are capable of being your boots on the ground. I suggest taking the time to build relationships to find that right person/company for you. 

Welcome to the site @David Echeverria ! Thanks for introducing yourself. I think converting your place into a rental is a great idea, many people start out that way.

If you haven't already, be sure to check out the The BiggerPockets Ultimate Beginner's Guide. This should help with getting a basic idea

@Nick Wiswell  Welcome to the site! It took me a bit to get caught up to speed on this post :) Without getting into the appreciation vs cash flow debate, location debate, etc., I'm here to say that I'm happy so far with my investments.

My MAIN goal for my investing right now is cash flow. I'm looking to replace my W-2 income so I can travel abroad and have more control of my time. For me, hooking up with @Dawn Anastasi has been pivotal in beginning to realize that dream. I highly suggest that you network with someone one the ground in a similar way, whether you invest in Milwaukee or any other cash flow market.

The management of the deal can make or break even the best deal. My first property in Indianapolis is a perfect example of this. Awesome numbers, poor management (borderline swindling) has made that deal not perform as expected.

Dawn posted the actual numbers for the two properties we own together. That has been fairly typical once things stabilize (after rehab and placing tenants) for all my acquisitions. With 30 year financing in place, it's going to be hard to not realize 20% returns if you're buying right (not as easy as it seems!)

Property management fees are included in the expenses listed above! :)

Completely understandable Trevor! I live here in SoCal but all my investments are out of state. I work with other people that manage the properties since I cannot (it's not my forte anyway!)

I found that the properties, at least in my neck of the woods, are to expensive to cash flow properly without getting real creative. 

Welcome to BiggerPockets @Heihana Whera , thanks so much for introducing yourself to the community! Sometimes bad experiences can compel us to do great things :) I really like that you have a measurable goal you've set for yourself. I really hope you find what you're looking for here on the site.

If you haven't already, be sure to check out the BiggerPockets Podcasts.

I believe that the majority of investors/landlords that are of the BP pedigree (found BP prior to investing), strive to do things the right way. It's not only more profitable, but also the right thing to do for the tenants!

See you around the site!