All Forum Posts by: Chris F.

Thanks for the tip Nick. I'll be sure to do DD. Does she drop her rates for multiple properties ?

Does anyone have a recommendation for a Property management company in Phoenix. I'm looking for someone who's reliable, and has a sizable portfolio- someone who's been doing it for a while..

monthly will depending on your location/ISP-you'll want a beefed up connection... 100-150/month depending.. I'd check with your ISP on that.

You'll need a hub and enough cable to run the cable to each spot + repeaters, depending on the area you need ot cover.

Figure 1-2K outlay (roughly) plus your monthly bill.

Of course that doesn't include the cost of paying someone to set it up for you;)

I'm also looking to pick up my first property in phoenix in the next few months, so this is very helpful

Shoot! just saw this. Would have like to get in on this..

Tom you should do some research-particularly into the 50% and 2% rules, which are good back of the napkin guidelines for analyzing property.

Also, Investing in LA is tough. The numbers just won't add up. You will be upside down in most cases, so it's likely to be a loosing proposition if you're looking to do buy and hold.

You can go into places in the high desert area to find deals, but also the quality of the clientelle will decrease accordingly.

I'm in orange county, in a similair situation, and I'm looking in places like Arizon and Texas, which while remote, will give you a much better cash flow in decent areas. Not to mention your cash will go further as you can pickup homes for a fraction of what you'll pay in LA.

With good planning and good property management you can remotely manage your properties and you'll get a better return on your investment.

addenum to my question: assume you have no additional funds to allocate to your business, and that you reinvest all proceeds from properties back into th4e business.

I always love these dreamer questions

Steve Martin gave the secret to making a million. he said "First.. you get a million dollars.."

How about "how do I make $1 million if I start out with a downmpaymen for 1 property- say, $30k?"

Then how long to get to 1 million net income per month?

If you have a few million already then you should have (note I said should) the skills necessary to turn it into 1 million per year cashflow.

And the answer to my question is a much longer time fram then the numbers bandied about so far. Eeven with leveraging if will take at least a decade to achieve that, based on buy and hold, assuming you maximize leveraging.

Found this:

http://iic.lendingart.com/ScenarioDeskSearch.aspx?CategoryID=1&SubCategoryID=7