Comments on: Real Estate Investor Natalie Pilkinton Owns Three Houses on the Same Block!

By: mercedes

mercedes — Sun, 14 Aug 2011 20:33:02 +0000

Steven
Did you get a bank loan?
I have a question, who manage your properties,?
What happen when you vacancies?

By: steven

steven — Mon, 19 Apr 2010 00:44:03 +0000

Also Natalie, what figures do you use to determine your cashflow? how much for maintaince and vacancy? thanks!

By: Mike

Mike — Wed, 31 Mar 2010 15:42:03 +0000

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.

By: Keith

Keith — Thu, 11 Mar 2010 11:33:48 +0000

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

By: Char

Char — Tue, 02 Mar 2010 01:50:42 +0000

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?

By: Natalie Pilkinton

Natalie Pilkinton — Mon, 01 Mar 2010 17:22:01 +0000

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.

By: Char

Char — Thu, 25 Feb 2010 05:07:58 +0000

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.

By: Natalie Pilkinton

Natalie Pilkinton — Tue, 23 Feb 2010 16:40:02 +0000

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

By: Natalie Pilkinton

Natalie Pilkinton — Mon, 22 Feb 2010 19:17:14 +0000

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!

By: Joe

Joe — Mon, 22 Feb 2010 17:19:58 +0000

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?