All Forum Posts by: Account Closed
Account Closed has started 2 posts and replied 57 times.
Post: Single Family vs. Multi-Family - ANYONE doing Single Family?
- Napa, CA
- Posts 57
- Votes 27
Your FL house - is that a student rental? Corporate housing? I love your baby kiwi and Saturn-like proclivity to devour it! (I'm a landscape designer/horticulturalist myself; great DIY images you posted.)
@Nichole Stohler and @Lesley Resnick - Interesting that you both and most others (if not all?) on this post who actually own both say that SFH has been more profitable. It makes a lot of sense to me, but there is so much emphasis on MFH that it I've been torn trying to figure out my best strategy. I completely understand the scalability issue though. I've been actively looking in Huntsville, AL, where my choice may be largely made for me since most inventory is SFH regardless.
I have been thinking that student housing may be a great strategy to get into since it appears to combine the high cash flow advantages of multi (renting out bedrooms at higher rates) with benefit of SFH - one hot water heater/kitchen etc. I understand it requires a lot more management though due to high (often yearly) turnover. I want to investigate this further since I'm out of state.
Post: Huntsville Alabama Path of Progress
- Napa, CA
- Posts 57
- Votes 27
Thank you @James Wacenske. That was an insightful write up that goes beyond the usual REI info. I will be in Huntsville next week. I'm curious to get the lay of the land.
@Mohammed Elzagha - do you have areas you prefer for flips vrs buy and holds? (I'm not considering flips.) You aren't the first to mention Harvest, which wasn't on my radar before. I plan to take a look at it next week when I'm out there.
Post: From 0 to 10 SFRs in 7 months
- Napa, CA
- Posts 57
- Votes 27
@Lane Kawaoka Hi Lane - side topic - are the people you know doing non-performing notes doing them in self directed iras? I'm curious about comparing notes (no pun intended) against SFR (or small MFR) as investment vehicle. Not within a self directed ira though.
Post: July Chattanooga Investor Happy Hour!
- Napa, CA
- Posts 57
- Votes 27
I hope to be there. I'll be in Huntsville scouting out the area and plan to go up to Chattanooga as well. Look forward to meeting people!
Post: Best place in Huntsville to invest and good RE agent?
- Napa, CA
- Posts 57
- Votes 27
@Andrew R., @Zachary C. Based on your experience, do SFRs in the Madison area meet the 1% rule? If not, are there other areas you recommend that are decent neighborhoods that do? Thanks
Post: Diversifying Without Major Capital
- Napa, CA
- Posts 57
- Votes 27
what your missing is in properly structured first loans on rental houses they are far safer than owning the asset here is why.
1. your loaning 50 to 65% of LTV not buying the asset at 100% of value.
Thanks for this informative discussion. Can you please expand on what you mean by this?
Post: What would you do with 1 Mil Cash? Multifamily?
- Napa, CA
- Posts 57
- Votes 27
@Ian Ippolito My third highest allocation is in very long-term equity that is conservatively underwritten (low ltv, and designed to go for 7+ years).
Can you expand on what you're referring too? Longer term syndications? Thanks
Post: Purchasing Out-of-State Notes
- Napa, CA
- Posts 57
- Votes 27
Thanks also @Dan Zitofsky. I'm also a newbie trying to figure this space out.
@Dan Deppen - I'd also love to see your video if possible.
@Joshua Hilliard
Post: Finding opportunities in the note investing space
- Napa, CA
- Posts 57
- Votes 27
Thanks @Derek Kirkwood - the point about inflation is important.
@Joshua Hilliard - I too am finding more information - I purchased the @Dave Van Horn book. Comparative info like I was inquiring about above though is tougher, but this helps. I started a spreadsheet.
Post: Finding opportunities in the note investing space
- Napa, CA
- Posts 57
- Votes 27
@Rod Govea, @Patrick Desjardins, @Chris Seveney, @Robert Beryl, @Natasha Hunter, @Marco Bario
I too am trying to learn about notes, and like @Jason Sherrod, finding info can be challenging. I'm also trying to compare opportunity costs: how investing x amount in a note @ 10% yield and reinvesting the income from it compares to investing the same cash amount in a B class SFR over time.
It seems like note investing is done more with self directed IRAs, while people will take capital they have on hand and use that for rentals. Why is that? Better returns over time if you theoretically held the rental until it was paid off?