All Forum Posts by: AK Fowler

Do you still have this available? If so, do you have taxes and other expenses such as trash, water, sewer.

Thanks,

@John T. Sorry for the late response. I found cozy.co on BB from others. I visited the site and it was exactly what I've been looking for. I was in the stone age having a check mailed to me and I didn't want to deal with it anymore. It's been 4 months and so far no problems with ACH. It's also FREE. You can pay a $2.99 monthly fee to have deposits within 3  business days rather than 5 business days. For me...I'm fine with the standard 5 business days. 

We Use Cozy. www.cozy.co

@Andrew Beauchemin

@Michael Dang

@Bryant Patterson

@Jonathan Greene

Thank you for help. I definitely feel like there's a lot of research that needs to be done. Which is completely fine with me. My biggest hurdle is finding a mentor or someone to partner with on a deal. I have to do a better job networking. Having a mentor is something I really need as I move forward in building my portfolio. 

I own a SFH and duplex and I'm looking to move into apartments. I'm really interested in finding my first apartment building to purchase. I'm looking for off market deals, C Class properties that I can add value and forced appreciation.

I've started gathering a list of apartments within my area by driving around town and finding apartment buildings. Is there another way or am I on the right track? I've also looked up apartments on rental websites and craigslist to help build my list. I'm also in 2 REI groups but many are Flippers and 2-4 unit Buy Holds. I'd rather stay in my local area before going into other markets but understand that I might just need to go to other markets.

Any help is greatly appreciated! 

Don't get caught up in the grand numbers. See through the forest of trees and see the beautiful ocean on the other side. He's motivating you to get going. Don't limit yourself and your dreams. Don't sit on the sidelines, get in the game. Find your strategy, create your plan and start taking action. So what if a deal falls through, limit your fear and just start walking the path. 

@Roland Barbeito I would definitely be aggressive and purchase the property as long as the numbers make sense. It could solve your driveway problem but if the numbers don't work, you could put yourself in a negative or very little cash flow situation. Then there's really no benefit. If he's truly motivated and it needs work, I would see what the repair/replacement cost would be, work my cash flow numbers and then offer a fair price. 

Learning experience. Incomplete application, I can't rent to you. The application is very simple and if you can't handle the application, then I know you can't handle rental payments. It's not worth your time to work wit a potential tenant like that. Just move onto the next one.

@stephenbarnabei, I think you do what's best for you. All your friends have chosen their strategy and from your story they are all doing well. That's the best part of Real Estate it's creative and ever changing. So pick a strategy, listen to you mentor based on education and apply the education to your strategy. When it works, just repeat it with more fine tuning on each deal.

I have tenant that's always asking to do work. I always say no. I either do the work myself or I'll get someone to do the work. Remember it's a business and you need to always protect the business and yourself. Just say No and get the work done yourself. Once a tenant does work they then feel like they can do anything.