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All Forum Posts by: Thomas Blue

Thomas Blue has started 4 posts and replied 17 times.

Post: Median Home Price by Zip Code?

Thomas BluePosted
  • Boulder, CO
  • Posts 17
  • Votes 2

Chris F. - Thanks. I guess I should have said historical prices. I would like to see which zips have increased over the past few 10-15 years.

Post: Median Home Price by Zip Code?

Thomas BluePosted
  • Boulder, CO
  • Posts 17
  • Votes 2

Does anyone know of a company/service that gives/sells information about median home prices by specific zip codes? It seems like this data would be available somewhere. I am willing to pay for it.

thanks for any help...

Post: New from Austin, TX

Thomas BluePosted
  • Boulder, CO
  • Posts 17
  • Votes 2

@Jason Grote - Thanks - I have been there a few times and love it. I am just wondering how they were able to attract new businesses, etc in comparison to other towns. know what i mean? The unemployment is so low compared to the rest of the US? Why is that?

Post: New from Austin, TX

Thomas BluePosted
  • Boulder, CO
  • Posts 17
  • Votes 2

We plan to move to Austin this year. Can some Austin locals tell me while the economy and population has grown so fast in the past 10 years?

Post: Best Multi-Family Metro Markets

Thomas BluePosted
  • Boulder, CO
  • Posts 17
  • Votes 2

Thanks Joel. I guess I am talking about the best "cash flow only" types of areas.

Post: Best Multi-Family Metro Markets

Thomas BluePosted
  • Boulder, CO
  • Posts 17
  • Votes 2

Does anyone know where the best markets are for owning/renting out property? That is, the highest return on investment?

Post: Investment Goal Setting

Thomas BluePosted
  • Boulder, CO
  • Posts 17
  • Votes 2
Originally posted by Ben Bakhshi:
If you have about $500,000 in the bank right now then I would say you should be able to earn at least $5,000 a month by the end of the year. With shrewd purchasing and renting, you could pull $8,000 a month.

Your next bet is to get financing. Expect to put 25-30% down per property.

Besides that, you'll want to hook up with an investor or hard money lenders and come up with a winning strategy. You'll need to manage many more properties to earn your $5,000/mo.

If you don't have the cash in the bank, then no, that is not a reasonable goal within 1 year.

Ben/J Scott:

Are you including paying a property manager? Or is this managing yourself?