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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: E_K_S who wrote (2670)7/11/2019 10:12:44 PM
From: John Vosilla1 Recommendation

Recommended By
The Alchemist

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You really need to screen potential tenants VERY, VERY closely these days. I am not impressed with the tenant pool overall mostly Millenials is a far cry from the 1990's and 2000's IMHO. I had 18 single family rentals going at one point 3-5 years ago.. I've done probably about 500 RE deals (many include building lot's and mobile home) over last 30 years. Been cashing out stuff bough cheap during depression not doing rentals anymore and certainly not fourplexes EVER in marginal hoods anywhere near FL...Of course would have loved to buy a fourplex in Palo Alto back in 1978 though LOL.

Yes number still can work great on equity with some leverage 3.5% interest rate 15 year. You can find $150k newer 3/2/2 in central FL (best place to be IMHO) rent say $1400 month in best case scenario if pay retail ready to rent day one. Not sure how to get 9% unleveraged return these days when factor in all operating costs and capital reserves for replacement..

You guys should check online what is available in our midsized and larger cities in the midwest, Was kind of shocked that much still so cheap.. War zones in Akron and Detroit even Pittsburgh still. Depressed pockets on other side of track college towns like Kalamazoo and Lansing and South Bend (Mayor Pete) for a little more..
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