All Forum Posts by: Travis Shakespeare

I just attended their webinar and I found the proposal to be pretty interesting until he got to "a $2M return on 150k investment." That just sounds too good to be true. I'm following this thread to see if they agree to answer all your questions here. I love the idea of cheaper, more sustainable housing but I'm not 100% convinced. 

Hey Luke

Thanks for that perspective. I was actually considering moving the proceeds into properties in another market that proposes to cash flow well and still have some upside. Do you think that's a wise move?

Thanks Sam. I forgot to add there is a small HOA of about $40/mo, and I owe 168k. When I run the numbers I get about a 5% cash on cash and -$50/mo long term cash flow. So if I manage it myself you're right, that'd be about $160/mo medium term after expenses, vacancies etc. I also forgot to say I'm in CA, so the place is out of state. Would you still go the same route given all that? Sounds like you'd be looking for closer to $300.

Your opinion about the 1031 is good info too, so thanks for that.

Hi all. I'm new here and have a case study I'd like your opinion on.

I currently have a single family home in Aurora CO 80015 that I bought for my mom to live in as a first property, but it's gotten to be too much for her. She didn't pay full rent, hence I lost a fair amount personally, but now she's moved to an apartment. 

Here are the stats:

Purchase price: 250k

Interest: 3.875

Current value: 315k

Market rent: appx 1800-2000

I'm trying to decide if I should keep it and rent it out (CO is a 'good' market at the moment), sell it outright and reinvest the money in the stock market, or move onto something like Rootstock and do a 1031 exchange and see if I can get the money I have invested making some cash flow. I have only had this one experience with my mom and know the area well since I grew up in CO. I've never bought under a 1031 exchange, but there's a fair amount of pressure given the timelines, hence the appeal of Rootstock. 

The property just barely cash flows but the market is healthy and there's the drama of moving to states I don't know etc. 

What do you all think? Much appreciated!