All Forum Posts by: Tiffany Smith

Hi @Ann Zane!  We have a Facebook group and were just getting started pre corona virus.  I am looking to have another meeting soon.  Not sure if it is going to be virtual or in person but if you would like to join the group let me know.  It’s under St. Joseph Real Estate Investing Meetup on Facebook.

I have received 2 out of 3.  We'll see how this plays out.  

Hello, we have recently started a real estate meetup in Saint Joseph MO. We had our first meeting last week and it went well!

I am looking for tips on how to keep the momentum going. I am also looking for a guest speaker in the area that would be willing to share tips and strategies. One topic that people seem to be interested in is how to find deals and how to fund them.

Last, if anyone is interested in joining, we would love to have you! Please find us on Facebook. We are the Saint Joseph Real Estate Investing Meetup!

@Michael Ealy congratulations! This is great! This is such an inspiration for people like myself who have done a couple of small deals but looking to do larger deals in the future. I love hearing these stories and would jump at opportunity like this!

@Steven Haughey what do you think it will appraise for after the work is done? I would be conservative with the appraisal assumption and take that # times 75% or some banks will loan 80%. Then subtract your rehab costs. If you can break even or come out with more money then that’s a good thing. This is my strategy on a current investment property we are working on now. It’s almost done and I think we got a good enough deal and will come out with some money to invest in another. This is also known as the Brrrr strategy which I love! Not sure what your strategy is but if you aren’t sure check this out!

Another thing to keep in mind is the 50% rule. Take your rent proceeds and cut them in 1/2 and then subtract your mortgage amount. If you still come out ahead the property should cash flow for you you! Good luck! Don’t let speed bumps slow you down, it’s all part of the journey.

@Katie Miller I am wanting to invest in multi family properties. We currently have 3 single family investment properties that create some cash flow but my goal for this year is to gain $2000 in cash flow from a multi family investment. I just need to find one that works as finances are limited at this point.

@Kim Tucker if you have investors wanting to sell please keep me in mind. We currently have single family properties but would like to get into small multi family and eventually build up enough cash to invest in a larger apartment complex! But for now small multi family is what we are in the market for.

@Luke Ryan I live and invest in Saint Joseph. Property is affordable and the rental market here is great! We have 3 single family properties now and will be looking for multi family properties in the near future. Are there bad areas, of course but that is anywhere you invest. I would be happy to provide more information. If you would like to shoot me a message I can answer questions about the area.

@Kim Tucker feel free to send leads my way!

@Lisa Sluss you absolutely can! You should read up on the Brrr strategy, it’s a game changer!

@Lisa Sluss I definitely think you should at least check into the cash out refi! Has worked well for us and you get to keep your properties. As long as they are cash flowing this could be a great option for you!