All Forum Posts by: Nik Krohn

@Jassem A. how has your experience been in Virginia? Curious about other areas that are hot but don't have as high of risk for rental properties

I have had a lot of experience with Provo. I have a SF home that I purchased about 4 years ago. It has almost appreciated $100k and cash flow positive $400/mo. It is a great market for a buy and hold strategy

I am in as wellIm interested as well. Please send me a PM with details! Do you have to be a member?

@Tyrell Perry Were you nervous purchasing a home in the F type of neighborhood? Aren't those scary places? I was told to stay away from them but your numbers are incredible

Are there deals between 15k-30k that are in the A-D range? It would be better to purchase with a higher class property but still want to keep it pretty cost efficient 

What does an F neighborhood mean? Is it more like a slum?

You purchased the property cash (14k) and then rent it for $840/mo? Thats incredible. I have to purchase out of state!

So I have done several deals in Utah & AZ but I have not done any recently in the last 12 months. I got an email this morning from BP about how this guy (success story below) purchased a triplex for $14K. See story here:

https://www.biggerpockets.com/forums/223/topics/30...

Is this for real? Can you really purchase a property for $20k and cashflow $840/mo? If that was the case, wouldn't everyone be buying out of state? It almost sounds too good to be true.

I would purchase the property cash and do that 2-3 times. You would be sitting pretty good after that right?