All Forum Posts by: Paul C Mead

Jorge,

Congratulations!  You've done more then most people who just talk, over-think, over-analyze and end up doing nothing with real estate or any of their goals for that matter.  You've gotten some great input from our fellow BP members.  I agree with the thought of financing your investment properties with 30 yr. notes and pay them down as you feel works for your situation.  If you hit a bump, you fall back on your lower 30 yr monthly payment.  If you're doing well you have the ultimate decision on paying down your debt more aggressively.  Getting an education with BP Podcasts, feedback from fellow investors, etc. is a great decision on your part.  Personal development is a key component for any successful person.  As Jim Rohn said, "a college education will get you a job, a self-education will make you wealthy."

We've all gone about our real estate investing somewhat differently as we've built up our portfolios.  And that's fine!  It's your business to drive and grow.  A recommendation for you, if you haven't done it already, is to write down your goals on paper as a road map to follow and execute on.  One small aspect of it would be your financing and pay-off strategy/goals.  Brandon Turner has a very helpful goal setting document which he shared on one of his webinars.  I believe it was something like, "Making 2018 Your Best Real Estate Investing Year Ever!"  He also has a great book on real estate investing which you can get at BP ("The Book On Rental Property Investing").  A couple of other books for your consideration - "The One Thing," by Gary Keller, "The Millionaire Fastlane," by MJ DeMarco, "The 10X Rule," by Grant Cardone, and "Rich Dad's Cashflow Quadrant, A Guide to Financial Freedom," by Robert Kiyosaki.

Best of luck and keep pushing.

Multi-family properties, 10 units or more.  Thank you Sean.

I'm an experienced real estate investor doing business in IN and MI and looking to expand into Ohio in the Cincinnati area. I'm looking to work with an experienced real estate agent who is familiar with the Cincinnati area and has a proven track record working with investors. An agent who invests in real estate as well would be a plus. Is there any in particular you would recommend?

I'm an experienced real estate investor doing business in IN and MI and looking to expand into Ohio in the Cincinnati area.  I'm looking to work with an experienced real estate agent who is familiar with the Cincinnati area and has a proven track record working with investors.  An agent who invests in real estate as well would be a plus.  Is there any in particular you would recommend?

Hi Steven,

I have a quad that is 1 bedroom and 1 bath.  It cashflows great!  It does turnover more frequently then a 2 bedroom duplex.  I have those as well.  With turnover, there is cost - finding a new tenant, lost rental income, making the unit rent ready (paint, repairs, etc). What I've done is made the 1 bedroom units as tenant durable as possible.  For example, installing vinyl plank flooring.  It's extremely durable and waterproof.  We also use the same paint color for all 4 units.  Sometimes we don't need to paint the entire apartment, but only do touch ups.  I've found that the 1 bedrooms tend to turnover more because people eventually want a 2nd bedroom - roommate, newborn baby, etc.  

A quad, even though all 1 bedroom units, can be a nice addition to your rental portfolio, however, I would not have a portfolio full of 1 bedrooms.  Hope this helps.

Ok.  Thanks Amie.  I'll give you a call today.

Hi Amie,

Are these still available?

Hi Adam,

This post is very old and the deal is most likely long gone. Do you have any other multi-unit properties for sale?  Thanks.

Is this still available?