All Forum Posts by: Robert Herrera

Amanda Holden hello sorry we missed you last night. I do have a turn key property ready to go. Commerce City. 3br 1ba + office + sunroom. $225k. $1,900/month rent. Tenants pay all utilities, and all repairs and maintenance. Let me know if you have any questions

@Jonathan ClarkYes i do use the methods in the book. I own multiple houses that i have setup this way. I Really like to do it. I'm also a PRO Partner. I can take money and make cashflow out of it. I do everything from acquisitions to tenants issues, etc. Just like stated above. Full Service Turn Key partner. I own TK Wealth Partners. We use the stratagy in the book to get the most for our investors. Last deal our partner gets 18% annually paid out monthly as cashflow. 

@John WanbergI own SFR in the Denver area. I'm selling a good Buy And Hold SFR. $225K purchase price. $1,900/Month rents. Tenants pay all Utilities and do ALL Maintenance and Repairs. I will be at the BP meet up on Monday as well.

Robyn Johnson welcome to the Colorado market. What type of property are you looking for. I am always looking to partner with people looking for Cashflow. I actually own the new version of the board game "Cashflow". Let me know what you are looking for

@James NguyenI am looking for Owner financing. Are you selling these houses soon?

House is In Commerce City. Metro area of Denver Colorado.

@Laura TykodiWelcome to the BP community. You seem to have a good amount of energy to get things done. I see you are looking for Partners. What are you looking for, and what do you bring to the table? Are you looking for Capital (money) partners, and you have good credit, Or are you looking for Partners with Credit, because you have the Capital to do the deals?

@Nicole Jacobson I would Refi, if your income will allow you to do it. If you ask me, you are taking on a HUGE RISK owning a property out right with no Mortgage. There is a lot of equity if someone decided to sue you. But that's another talk all together. Make your moves now. Only a few spots in Denver make good cashflow anymore. If you are looking for something to buy right now, and make great cashflow, i have an awesome house. I am selling my house in commerce city, next to Dicks Sporting Goods Park, NorthField, and Stapleton. Price is 225k, down payment would be about 40K. It is rented for $1,900/Month. Renters pay all utilities, Repairs, and Maintenance. Mortgage would be around $1000/month PITI. $900/month actual cashflow.

This is about 27% ROI. Blowing away MOST Investments. I would keep it, but i have a ton of Equity built in, and I am looking to move that money into other houses.

@Nicole JacobsonGood job owning Real Estate. The reason your returns are low, are because you are not LEVERAGING Your Real Estate. You Paid ALL CASH so your ROI is low. If you were to get a Mortgage on you houses, you would have a Huge Chunk of that money back, NON TAXED. You don't pay taxes on a DEBT/LOAN. Next, use this money to buy more Properties with 20% down.

$180K CASH, $1,100 positive cashflow after HOA is only bringing in about 7% annually. HOA is eating all a huge chunk of profit. Also this doesn't account for Taxes and Insurance so its even less of a performer. That is why you are wondering what else to get into, but in my OPINION, stocks is not the answer. Lets Look at this Deal With LEVERAGE and NO HOA.

(I Know I Have Not Included Repairs/Maintenance, and Utilities, as well as Vacancy rates)

180K purchase price ,House (No HOA) with 20% down. That's $36K out of pocket. Payment is $900/month= Principle Interest Tax's and Insurance "PITI". Rent is $1,300/month.

Simple cashflow numbers = $400/month Profit. This is about a 14% return on your money! Now go buy 4 more with the remaining money from the original $180K you had cash. Your income from just the 180K cash could be around $2,000/Month if you multiply the results over 5 houses. ALSO< you will still gain ALL The APPRECIATION from EACH HOUSE, without having to pay full price out of pocket. This is HUGE. 

I would Cash Out on all my HOUSES. Then i would turn around and implement a strategy just like this one i stated above.

I think you are on the right path, you just need more Understanding about the Rental game. I Personally see Even Better returns, you just need to Increase Your KNOWLEDGE and Leverage your DEBT in the Right Location.

On A Side note... I NEVER Buy "HOPING" for Appreciation. This is Called GAMBLING. You can loose it all in a Market Shift. If you buy with CASHFLOW, it doesn't matter if the Market Shifts, you can wait it out until the market comes back, and still make Money Every Month.

@Jeanine EadyRead this book "The Straight Path to Real Estate Wealth." by: Kris Krohn. They sell it on amazon if you need a place to find it. Read the WHOLE THING. It will teach you about ALL The Different Investing Types, and WHY Lease Options Beats Them ALL. Good Luck Out There. Contact me if you need more help.