All Forum Posts by: Nichole Stohler

@Kelly Lund, just curious about this question.  What does "risk" mean to you?

@Account Closed, good list to start and no doubt there will be different opinions.  You mention looking to find a niche that works for your situation and family.    How would you define stress?  Time pressure? Money pressure?  Something else? 

@Carmen Sognonvi, sounds like you are on the right path!  $100/unit/month is a conservative number we use that reflects the average... when things go wrong like needing to repair AC units or a unit isn't rented for the full month, etc.  It's been a good number for on average and then strive to do more through managing expenses, etc.    Good question on region/property.... not sure as we've been primarily in AZ and multi-family C+ class.

Happy to help answer questions if I can.  Feel free to PM me.   We had a rocky start, learned the hard way :)  

Hi @Carmen Sognonvi,  completely relate to where you are coming from.   I also like to plan, set goals and track on a monthly and yearly basis.    What we've done is figure out the annual cash flow number we need in order to meet our goals and then back into how many units/houses/etc. we'd need and then target some type of growth per year to meet that goal.

We are pretty conservative with these numbers and generally use $100 per unit per month as "take-home".   Granted, the numbers can be higher and there are opportunities to improve but that just means we reach our overall goal faster :) 

What kinds of properties do you have so far?  Or thinking of buying? 

@Danny N.,  depends on your strategy and overall goals.    My husband and I look for ways to reduce the cash we put into a deal in order to buy more deals.    We aren't buying homes in those prices though as we've primarily been in multi-family...   

@Alexander Monnin hello from a previous fellow Buckeye :)   Agree that Rich Dad, Poor Dad is an excellent book to start learning about financial freedom.  My husband and I took action after reading that book... 18 years ago.     Just curious, as a college student in engineering, how did you get introduced to Rich Dad Poor Dad?

@Sam White , I recently ran into an investor from Austin who talked about the tax assessments.  He's fighting them both on his personal residence and his commercial property.  

What's the most helpful thing you ever read/listened/watched about commercial real estate investing?

Even though a leasehold is for a limited amount of time, the person who is leasing never has any ownership of real property interest.  Think of it as a person who is renting an apartment.  The tenant never has an interest in the real property only the lessor or owner does.   

@Tavaris Little , completely understand that it might be hard right now to find a MF in your area that meets your criteria. What about finding a SFH that is good deal below market that you can make some improvements on and then sell after 2 years? The capital gains would then be tax-free, the market may have changed and you'll have extra cash for investing.