seems 180 to drive around in a pick up truck with a toolbelt and fixing things on "my properties." then when me and the missus want to retire we will sell all the properties for $30 million dollars.

(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474833)

how can i go bigger

(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474853)

if you know what you're doing then it's the same effort as buying a tiny place, and you should be able to find others who will give you money

(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474861)

at tiny numbers like 3-4 units your vacancy rate can kill the profits

(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474907)

i need to get a few 'under my belt' before jumping in with the big bois

(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474910)

i can guarantee you i have a 'can do' attitude. no complaining here. i $ee profit$ for both of u$. Lets do it

(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474951)

buying a 30-40+ unit fixer upper that still cash flows even with the mgmt company is the bare minimum for wealth creation

(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476118)

and inb4 "yeah but if you invested in the right things", no shit but then again if we all had access to benzos risk free options speculation system we'd all be trillionaires

(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47478464)

i would rather risk a little and have more fun w dat diversityifcation

(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476530)

you want to be in areas where there aren't a lot of high earners b/c it's way too common for software engineers, doctors and lawyers and whatnot to try to want to be landlords, which drives down cap rates.

also, to clarify my 2% comment. if cap rates are 6% and real long-term risk-free yields are 1% or even 0% (as they were for a couple of years during COVID), then the spread is quite attractive (6%-0%=6%). now real yields are higher and cap rates are lower, so the spread for owning RE has shrunk: (e.g. 5%-2%=3%). during the golden age of RE buying post-GFC, you could easily get 8%+ cap rates and cheaper leverage, which made RE richly cash flowing and as cap rates came down you could use the equity appreciation to lever up and buy more RE. the peak of this game came in 2021-2022 when the cost of leverage plummeted and housing prices exploded. now i wouldn't be surprised if RE prices for residential stay flattish for 5+ years, leaving you to eat mostly meager cash flow.

(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47475147)

trailing 12

ask to speak to one of the tenants

Google where the nearest check cashing place is

(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47477958)

went and saw another one, a 2 unit for 650k but the numbers wont work on it

(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47478618)

stop being a bitch

(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47478799)

the answer is always "it depends"

(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47479974)

Right now if you buy a property that makes sense then you have a good hedge on lower interest rates.

I’ve found that opportunities exist even in saturated markets, but the trick is you need to know how to value add or if there is a potential for it.

Even small deals that have good cash flow can be worth it if you are methodical. If you can get $250k properties that make a 15% cash on cash return and do one every year or two, pretty soon you have a good portfolio you can 1031 into something bigger or press the refi button on when rates drop.

I think individual investors really ignore the power of aggregating small deals - most big guys don’t have the time or money to waste on them - but they also are ideal because it lowers your risk and you have room for mistakes and experience.

(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47480357)