All Forum Posts by: Todd Dexheimer

@Troy Pierce what are you goals? More day to day income and more work or passive income and wealth building? If you want to create more time commitment and immediate income, then wholesaling, flipping or being a realtor is good for you. If you want to create passive income then use your money to buy or invest in multi-family or commercial real estate

 I agree. Those cities are "hot" but that doesn't mean they are good. They have been on the hot cities list for 10+ years. In fact Lindahl, Ken McElroy and others coined those cities as emerging markets in their books written a decade ago. Check out my linked in page for a write up on finding emerging markets. Swanny, I really like what you are doing. I thought of doing the same recently, but decided to refinance. I personally think in my state we have 6-8 years before the next "crash." I am looking at holding my 1-4 unit properties for another 5-6 years and then doing the same. In the mean time, I am buying in what I have researched as emerging markets. 

I make sure they work at least 20 hours/week, unless they are over 60.

Depends on your market, but overall I would say we have between 5-7 years left. A peak happens on average every 17-18 years, since the early 1800's. Our last peak was 2006 so if history repeats then we are looking at 2023-2024 for our next peak. 

Great job, thanks for sharing and keep it up!

Good deal. Show that you can make him money on 3-5 deals and ask for 60/40 if you are doing a good job. When I started I gave my investors 60%, now on a flip I will give them 40%, but I did at least 10 flips with a solid track record before I got to that. 

It may be worth it if the property is distressed. Just because they are an agent, doesn't mean they understand RE investing. I just bought a 13 unit deal that was owned by an agent. It was distressed and I was able to buy it under market rate. You never know. 

Seller financing should be the first option. You can also bring in partners or do a syndication. Other option would be to get a line of credit if that is possible or get someone that you know to give you a short term loan for the down payment. Good Luck!

It's all about your goals. If you are relieved, then you did the right thing. You could have put it under contract and wholesaled it for a small profit or partnered as well, but its all about your goals. 

That's a pretty wide open question. Florida would be fine. Most markets would return you that in an average area. Go to Orlando, Tampa, Jacksonville. Also Atlanta, Savannah, Columbia. Almost anywhere in the Midwest will do as well. I like Jacksonville, Atlanta, Savannah, Columbia, SC, Greensboro SC, Greenville, Memphis, Columbus, OH, Cleveland, OH, St. Louis, Indianapolis, Oklahoma City