All Forum Posts by: Reece Iovine

Lot of good agents here in columbus :)

@Adam Melon They didn't say i needed experience. I think you should call around :)

I commonly see a 15% IRR. However I'm sure there are others out there that offer better returns.

@Ashish Rizal Great idea. I would use investing in a syndication as a learning opportunity as well. The yare taking your money, a return on that investment is expected but not all syndicators will take the time to educate their investors. Try to find someone that puts on group webcasts to review financials etc. Best of luck!

That is interesting, In the past I thought lenders will allow 75% of the rental income to offset that same properties debt. However excess cashflow can not be used as income to offset another properties debt until it has been on your taxes for 2 years. I'm almost positive this is how it has worked for me on my last 2 loans...could be mistaken though.

I think its important to look at the money. So like @Steven Foster Wilson said cold calling is great, and 1 out of 1000 will sell. Well if you can find a deal off market that has 50K in available value add, that's 6 months to a year of work for some people, is that worth the effort to you? Maybe. I cold call/text and have people cold call/text for me so I can find great deals however many people need scale. Cold calling takes time if you have money and need units, then buying on market may be what you ahve to do in order to buy volume or you need to cold call bigger deals :)

House hack! Buy a 2-4 unit property, take advantage of owner occupied low down payment options usually 5% ish. Try to find something that you can add value to through minimal renovation while you live in it and gradually raise rents. Then in a year or 2 do it again :)

It depends, are you having trouble renting the asset? I focus on interiors, and then making sure the exterior is good to the point the asset isn't degrading. For example I have one property with the ugliest yellow siding. However that property rents quick at market rents so why would I pay the money to paint or replace the siding. 

I believe it depends on what point you are at with your investing. Do you have $50K that you are trying to grow or $3M that you are trying to diversify etc.

If you are trying to grow a smaller sum, then I think diversification if a bad idea. I'm 60% in real estate and 50% in cash looking for another investment property. However that is because I'm in the growth phase of my career.

However TBH if I had $3M I would most likely still be in cash flowing multifamily real estate as I find it the safest high growth investment option out there and just pop it into a few different larger assets diversified by class and location.

Are we talking 2-4 units or 4+ units. If you want to flip 2-4 units then its pretty much the exact same as SFH. However I would encourage you to look into the BRRR method, save on taxes, make money, and keep the rental long term and build cahsflow :)