All Forum Posts by: Nick Hogan

 My goal is long term to get to 10 properties.  I like to be more passive, so I use property managers for my other properties, and just like to communicate with them.  I am not looking to get rich next year, instead be set up good 10 years from now is my goal, try to add 1 property a year.

7.49% cap rate, 5 yr IRR 8.28%, CoC ROI 5.8% I pulled these numbers from the BP Rental Calculator

 Hey Aaron.  I would be giving up my current mortgage, $2200 month including taxes and insurance, and have to rent for $3000-$3500 month, not including insurance.  Both rental properties would cash flow $500 on the low side, up to $650 after PM, Piti, cap ex etc.  So I will be expecting a total of $1000 month for both properties together.

I will not be using the profit from the 2 LTRs for my rental that I will be living in.  Those will stay in their own accounts to build up reserves.  

 The market I'm looking at gets about $3000 rent for a $400k home.  

Hey all!  I am looking for advice, opinions, suggestions, all the above!  

I currently have 2 properties, for 5 doors, which are cash flowing about $1000 a month, after all expenses, cap ex, etc.  I would like to keep expanding, but market conditions are tough for buy and hold LTRs.  I am considering selling my primary right now, which will put $400k into my bank account after fees and taxes made on gains.  If I sell, I will rent locally, my expenses will go up from my current $2200 mortgage, to $3000-$3500 rent.  I just paid off $1500 in bills, so almost a wash.  

With $400k available to me, I have a market picked out already, that will allow me to buy 2 LTRs, about $200k down each, that will cashflow a little over $1000 a month combined.  These houses will be newer, around 2020 builds, so cap ex hopefully low.  I expect average appreciation, 2-4%.  My primary now will sell for $750k, I owe $290k, this will allow me to buy 2 $400k homes.  So I will go from owning 3 properties, including my primary now, to owning 4 properties, 3 single family, and 1 4plex.  All properties are long distance out of state.  

I am completely OK with renting, just would like to get everyone's advice or opinions.  Should I keep my primary, and keep saving, maybe I can buy another LTR in a year or two, or should I sell now?  If anyone has anything to comment, please do!

Thanks I just left him a voicemail.

I am in need if a new homeowners policy. I have a 4 plex in Houston Tx. And need insurance for studs inward only. Anyone know someone to refer or a company to refer?

Hi everyone. I am looking for a good contractor that can tackle full home remodels and restorations. I currently have 2 rental properties in Houston, and a handyman that is great for individual repairs and maintenance. However I am now looking for someone who has a team and can tackle any tasks thrown their way. Any recommendations or contacts would be greatly appreciated. Thanks in advance for any help or advice!!!

I am looking for any real estate agents in the inland empire area that are familiar with multi family units.  Any information would be appreciated!!