All Forum Posts by: Michael Cox

Thanks @Phillip Dwyer! Vegas still feels like home to me.

@Ruth Blue

St George is still a hot market!

@Parker Eberhard hard to know future  of course but I believe your friend is wrong. 5G has started coming out on some Android devices and iPhone should have 5G next year. The cell phone carriers are setting 5G networks. 5G will cause, IMHO, massive innovation, just as 3G and 4G did before it.

Hey @Justin Morgan thanks.

Thank you for posting this. Has made me think what I want to improve on.

2020 goals:

(Property Management Company) Increase from 75 units managed to 100 units. Write additional Property Management SOPs.

(Investments) finish funding Solo Roth 401(k) for 2019 and 2020, for myself and my wife. Find a lender who will do non recourse lending. Do first Solo 401(k) RE deal.

(Retirement) fund Roth IRA. Do smart stock market investments

(Kids) pay minor kids a W2 salary for work they do. 45% of pay in a Roth IRA for them.

(Savings) increase liquid savings.

(Health) go to gym 3 times a week.

We (and the investors we work with) have been selling northern Utah rentals and 1031ing the money into St George (Utah) area. We are down to one property (in Lehi). Not a statement of how the market up there is, just nice to bring it all back to our backyard.

Good thoughts. Something to think about if there is a large scale housing correction and the price of your investment drops... so are your neighbors. They get scared and walk away from their house, shortsell, etc. they still need a place to live. Bad housing markets tend to create more renters... which *can* drive rental prices up.

I’m on their website considering joining. There aren’t many members in my local market so I’ve wondered if that would help me gain new owners as well as knowledge to be a pretty PM.

Thank you @Casey Christensen! I sold 3 SFR rentals in Las Vegas before moving up here. So far I have only purchased 1 new property (a townhome in a complex where I am managing 10 other units). I manage a total of 70 properties, with a couple of condos, several townhomes, and a bunch of SFRs. The smallest property I manage is a 929 sqft condo, and the largest property is a 4,180 sqft SFR.

Thanks Ruchir! Good luck on your first deal.