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The Education and Mentor Group for Real Estate Investing
Real estate investor and Lifestyles Unlimited mentor Natalie Pilkinton and her husband, Marcus, own three houses on the same block!
Each is a bread and butter deal: a 3 bedroom, 2 bath, 2 car garage home with equity and cashflow.
These three rent houses, plus four others combine to give the Pilkintons $1,400 a month in cash flow.
Mentor
David is an apartment investor and co-owner of a 230 unit apartment complex. His experience includes 22 years of experience in sales and appraisal analysis of apartments, retail, office, subdivisions, special purpose and residential properties.
Listen to Dave's interview.
Mentor
In her 20 years of experience, Christine's portfolio has consisted of A to D properties and supervising 2000+ units, from new construction to million dollar rehabs. She is a CAPS designate and a respectable leader in the multi-family industry.
Watch member case studies.
Mentor
Brad joined Lifestyles in 2002, and by 2004 he closed a 32-unit and 30-unit apartment complex, retiring from corporate America at age 38. In 2008 Brad closed on a 252-unit apartment complex as the lead investor. Brad is a multi-family investing pro.
Watch Lifestyles in the news.
Mentor
Karen began as a member at Lifestyles Unlimited in 2008, and has since bought and sold 12 single family properties. She became a Mentor and Trainer and currently owns 8 single family properties. She has increased her net worth by $130,000
Learn more about Karen.
{ 10 comments… read them below or add one }
With 10 income producing properties, I would have thought your cash flow would be greater
What is your cash flow for your 3 commerical properties?
I want to clarify a few things on this video.. I included my equity from my single family and my commercial businesses. The cash flow is very conservative on the single family side rents only side. My equity in single family is 220,000. 1400/month cash flow. :)
I have very little into all my properties. One house we put 10k into rehab out of our pocket. All the other house were 0 down. We used hard money or private money and refinance into permanent financing. So our cash on cash return is great!
Joe,
I keep my rents low. I had 2 vacancies at the same time on the same street one tenant gave notice and had bought her own house after renting for 3 years with me. The other tenant had been with me for 1 year. So to cut down on hold time i lowered the rent to rent it quickly. The key with the properties isnt so much the cash flow but the money out of pocket. How much it takes to get into the property. Your goal may be different. That is why everyone needs to know their business plan. Are you going for cash flow? Are you going for equity capture? Are you looking for little money down deals?
Thank for posting your question,
Natalie P
Hi Natalie,
Noticed you guys didn’t mention a monthly cash flow on the 2nd property. Do you mind sharing if you are positive, break-even, or negative at the present time?
Also, as a hypothetical question, what if there are a few foreclosures in your neighborhood that brings the comps down and therefore, impacts your potential equity gain. How should an owner whose business plan was going for equity capture manage this situation?
Thanks for discussing.
We are positive on all of our rent houses. We always evaluate the cash flow on the front end and would never purchase something that we had to put money into every month.
Thanks for your reply. Can you share any insights on the 2nd question?
What if there are a few foreclosures in your neighborhood that brings the comps down and therefore, impacts your potential equity gain. How should an owner whose business plan was going for equity capture manage this situation?
Hi Natalie,
Congratulations!
Could you explain your asset protection / liability mitigation strategy? I.e. are each of your properties in an individual LLC? Do you have one LLC holding your entire portfolio? Etc.
Do you self-manage your properties, or are you using a management company? And if so, is the manager a Lifestyles vendor?
Thanks
I don’t see how this is good investing. $200 a month cash flow for each house? If you have turnover every 2 years in a house and the house is vacant for a month plus you have to pay to paint/do misc repairs during that turnover, I don’t see the profits.
Seems like you’re just holding on to the properties long enough til you can sell and grab that equity.
I’m in Illinois and I won’t touch a house unless it cash flows at least $300. $350 is really my low end though unless I’m grabbing a ton of equity.
Also Natalie, what figures do you use to determine your cashflow? how much for maintaince and vacancy? thanks!
Steven
Did you get a bank loan?
I have a question, who manage your properties,?
What happen when you vacancies?