All Forum Posts by: Alexandre Marques dos Santos

@Taylor L.

Perfect, i am with you... just to add.. 10 k /month becomes more than 12% py. ( you can invest the 10k and receive some return).

@Chris Klingemann

In the loan theres interest that its not yours. So if you add the payment of the mortgage you are adding the interest you are paying to your return!!

You can make a case and add the amortization payment ( 1000 - interest) parcel to calculate the ROI, that would give the precise number of your return.

@Bryan Feik

After reading all, it seems you are taking for yourself your tenant’s problem. He is causing the problem, so he should pay for the plumber.

You gave him a flushable toilet and clean up on the first time. After that the repeated process is his.

Have a talk and show its his problem. If hes not willing to accept, offer to cancel the contract and move on.

@James G.

As per what i saw it took a while to get back on the property ( xmas and only in Jan 7-8?). Then it seemed you were not interested. As you didnt show much of interest, agent did not front run you... BUT...

He should have disclosed he also invest for himself, AND he should have disclosed PRIOR to make an offer to you, stating if you dont want to see he might have interest for himself, and ETHICALLY ask for your “permission”.

I would not work with a guy like this.

@Ahmie H.

Even if the buyer didnt put a dime, just bought and is selling to you... still its worthy.

Check your numbers and be sure its good. If numbers are solid, go for it

Bear in mind what was in the past remains in the past. You can only use that nunber to try to negotiate, knowing he is trying to put some profit on his pocket... but if u stretch too much u lose a great deal!

@Rachel Fu

You dont have time, so its gonna be stressful and unpleasant to try to have your own properties.

On the other hand you need to find good fund manager to put your money. They usually charge insane adm fee and tons of costs not properly managed. I would strongly advise you to find a boutique like fund. Those smaller but trustful are micro managed and control better the cost as they need to perform to grow.

Good luck

@Christopher Lawrence

I am interested. If its just cash out life insurance, i am aware of process. Use then cash flow to pay debt and excess go there.

If any different process, i would like to connect and understand

Thanks

@Aurora Martinez

I would deduct from their deposit and explicitly say that could turn a violation of the terms of the lease.

Odds they dont want to break the lease and will see they will not avoid paying for the exterminator.

By the way, not sure if i would want to keep them.,,

@Eloise Hoshi Garcia

I would join Weichert, as they offer a very good training program.

I got my license sometime ago, and after 1 month at the office i was sent to a 1 month training in their campus. It was really good.

kW Is another option after having a better experience, unless they offer a team where you could join and get training. Then i would join asap.

@Kristle M.

The plan looks to be solid. I miss the interest on your student loan.

If you decide to house hack you will have the following expenses:

800 ( student loan)

4600 mortgage

Y mortgage in san Diego?

And revenues: 3500 plus salary. Remember taxes and maintenance...

Plus putting 5% down, you will have around 110k cash ( considered some as closing costs)

Looking at your situation i would consider to pay down the student loan. They usually have high interest rates and pushes your expense to top. But you need to look at the interest you are paying to decide which debt is worthy to reduce.

I believe you are compromising a fair amount of income per month, and seems to be risky.

On the other hand the 3 doors that cost 850k for an income of 38000 minus tax and maintenance does not seems to be attractive.

Are you playing capital appreciation game? Cause the return on the investment fails on my metric to invest.