All Forum Posts by: Paul Lucenti

 Thank you sir 

Thank you - I guess we will find out.

I hear what you're saying - but again this is why we have to scale. Things can and will go bad, but once there is enough monthly cash flow generated it will be extremely difficult for that one big issue to put us away or even 2-3 big issues all at once. 

If we scale at the right pace - doing our best due diligence - those issues will only be minor even if they seem extreme. 

Thanks kevin - definitely have noticed that. We bought 3 in 2022 and the properties were rented within a couple weeks. Now it's definitely more of a waiting game - They still have a huge waiting list for the HCV so we know we'll get someone eventually. I'm going to send you an email, we are looking for current PM or just help with finding tenants.

Thanks again for the reply 

 Thank you for that - it creates a clear path when its written down. We typically do 4-5 years interest only while paying down the principle balances over time. Our real goal is to refi the homes before we come close to the due date and pay them off early. 

It's going well so far, we've done 3 that have worked and we continue to do deals with those investors. Now we are trying to find more investors to do this deals with, networking has been something we have to get better at. 

Thank you again for your input 

I appreciate the reply - that is eventually the goal. But right now we are heavily cash flow focused. These  investments produce great positive cash flow that will eventually, down the road, be able to acquire better assets. So right now our main goal is the cash flow because in the end that is the way we will be able to move up in the real estate industry. 

Only thing I’ll disagree with you on is bad assets as I don’t believe there can be a bad asset - if something is lining your pocket and you are establishing equity, that really cannot be bad. There definitely is better but I wouldn’t say one is bad. 

We started this journey 2 years ago - We just pulled off our best deal yet! 

After going through the ups and downs of dealing with Section 8 Landlording, we finally learned how to maximize our profit per door. We focused on where we went wrong with the first couple of homes we purchased. We always chased around $500-$600 a month in profit per door. 

We didn't think it was possible but we got over $1100 in net cashflow on 1 property. Mainly focusing on our location while also keeping the total cost of the homes in mind. Finally we purchased a home for $130k (Sales price) with a mortgage of $950. The home was submitted with PHA (Section8) and the rent came back at $2,075 (fully guaranteed). 

With the failures we endured in the past - we were able to take out original goal of $500-$600 per door and were able to double that with just 1 door. 

The journey continues and now we know where to direct all of our focus!

Hey all

We are currently looking for someone who is experienced in finding tenants in Philadelphia. We only look for tenants that possess a housing voucher, but sometimes in the winter months leads go cold. 

If anyone specializes in this in the Philadelphia location, feel free to drop your info below!

Thank you.

We have purchased 8 investment properties over the last 2 years, we strictly rent them out with section 8. 

The goal is to scale our business 2x over the next 3 years which we believe is very doable. There are many ways to take this journey from here however we realized our best way is getting outside investors to come in and help us purchase the property, then give them a fixed % over a period of time or even equity.

If anyone has been in this position before, what's another creative way we can scale? Is this a forum to meet outside investors that would be interested in doing something above? 

Thanks for reading - and if you leave a response we appreciate that as well

Thanks for the response, were open to other options as well. Closing in an LLC is a necessity for us