All Forum Posts by: Trent M.

I'm looking into potentially purchasing a 12 unit apartment complex and am trying to figure up my deductions. One of the most important things for this deal is getting a property manager lined up. I've scheduled a meeting with a potential manager later this week and was wondering if anyone had some advice on what the essentials are for a PM. Mainly pertaining to rates and what all services are included. Thanks in advance!

@Gururaj Iyer

If there is plenty of contract work going on in your area I think you would do very well on the 1 bed 1 bath units using an STR. Although things could be a little different for me in the Midwest I do this same thing with a cheap rate and monthly discounts and my income is 1.5-2 times the amount I would normally get renting the units out long term. Use these single bed units to target medium term stays (1-2 month) and I think you would do well.

Thanks for all of the information everybody!

It appears by far my best option would be to use my equity to purchase more real estate which is what I'm going to do when I find another deal

@Chase Lowry thanks for the reply!

Pardon my ignorance when it comes to stocks and dividends. People talk about a 10% return on stocks like that and I always related that it dividends. So the value of the stock increases by 10% on average but your dividend return is much less?

Hey guys, first post here. Today I was speaking with a friend about maximizing cash flow on my rental properties and he came up with a BRRR method minus the last R and I thought it seemed like a good idea.

I currently have 2 rental properties and both are paid for.

One is a small house that I have about 15k into and it cashflows about 500 per month.

The other is a quadplex that I have about 70k into and it cash flows between 800 and 1500 per month (one room is an airbnb).

Would it make sense to take a loan against each house for max value (assuming I could get 120k total) and invest it in something like S&P500? Basic math with a 10% return and keeping dividends seems like it would increase cash flow by a few hundred dollars per month just to get a mortgage on them. Am I missing anything here or would this be a good option? Thanks in advance for your opinions/ideas!

One last thing, I'm looking to increase my cash flow more passively than buying another property. I know I would make more with real estate but I would like to get my feet wet with some stocks and could use some guidance.

@John Fider

I have had good luck with a shingle ripper tool. This isnt the exact one I borrowed from a friend but this is a whole lot easier than getting on your hands and knees

https://m.northerntool.com/shop/tools/product_200705736_200705736?cm_mmc=Google-pla&utm_source=Google_PLA&utm_medium=Construction%20%3E%20Roofing&utm_campaign=RoofZone&utm_content=65806&&ds_e_product_group_id=636595900943&ds_e_product_store_id=&ds_e_ad_type=pla&gclid=Cj0KCQjwreT8BRDTARIsAJLI0KLuT3rnHDJzfHgn-Uw3cEewsXdhAX0eQ1L7Ysq2WVmX2LqqBoJHyJ4aAjnWEALw_wcB&gclsrc=aw.ds