All Forum Posts by: Robert Herrera

Richard Chan FHA is only 1 year occupancy. I wish u would have known how much fun the whole process is. You can really jump into many different aspects as an investor. I think the real question is, how did you make it happen... Because that is the key. That answer requires years if trust and making money for others.

Dennis Hackman yes PM is the best method. We can go over the market and what's going on down there. Some big stuff in the works.

Jeanine Eady we house hacked our first investment in Colorado. SFH. Did an FHA with 3.5%down. Lived in it for a year. Rented it out. I use Lease options. They generate great returns and I'm not worried about vacancy (because I make more money if they move on) or repairs (tenants pay all repairs and maintenance). I don't pay any utilities (tenants pay all utilities). I give them walking money to leave peacefully, and clean the place up. I get a huge upfront amount from the current, and next tenants, and the cycle continues. Multi units up to a 4-plex are also doable on FHA. Those are usually cashflow positive as well. Good luck out there.

@paul you will want to invest in a other property. Think of it like this, how much (what amount) would you need to payoff in order to get $600 more cashflow. Does this equate to a great return... I mean if your paying $100k for $600/month cashflow, I think your better off buying another rental and Cashflowing from that one. My house in commerce city, co is for sale for $225k and has a monthly of $1,900. If you put down $45k, your payment would be around 1,000-1,100/month. Giving you $800-900/month cashflow without having to pay off anything. That's around a 20% annual return.

Diedrick Nagle I own TK Wealth Partners. That is my real estate business. I also own Denver Oil here in the mile high city.

@Dennis Hackman TurnKey is the way to go. We helped people get amazing returns through our Hands OFF-AutoPilot Program. Sign a couple of docs, invest your money, and get a check every month. We did all the rest for our investors. This includes aquiring property, managing it, rent collection, tenant issues, evictions, renting it out again, mortage payments, basically anything and Everything from Beginning to End. The last investor is getting 18% annually on their money. The reason why is we Partner with the Investors so we are in it Together. I believe most TurnKey Business just Sell you a House with a Tenant in it and say "There you go, now you deal with it." I don't like that type of model because, if something happens with the tenant, now you are back to square one with no tenant and a property. Anyways, take a look at a few companies and see who fits your style the best. If you want to do all the Land Lording and getting the Calls at 2am, do that route. If not, there are other options. Have a good day!

@Maryann WaughI'm going to post a property on the marketplace soon. $225K purchase price, and is Rented for $1,900/month. Tenant pays all utilities, and does all maintenance, and repairs on the property. PIMI should be around $1,000-$1,100

I'll be posting it on the market place as well here

Matt Anton Patricia Miller Denver market is hot. Problem is most people are selling to buyers looking for a primary residence. Not to investors looking to cashflow. I'm actually selling my house to investors because they are the only ones who can buy it while there are tenants in it. I'm selling for $225k. It's rented long term at $1,900/month. Mortgage Would be around $1,000-$1,100/month including insurance and taxes. Tenants pay all utilities and do all repairs and maintenance.

Ed E. I don't play the game for the "Big Check". That can be spent fast, then your looking for a new deal. I buy for cashflow only. Markets are going to go up, and down. I'm not playing stocks here. I buy a solid investment that will cashflow for me for the rest of my life. What's $100,000 cash when I can have $5,000/month passive, forever. You keep chasing appreciation and you'll be maxed out when the market falls out. Not saying buying at the right time and gaining appreciation wouldn't be great, your still just gambling on an appreciating market.