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All Forum Posts by: Alex Sanchez

Alex Sanchez has started 15 posts and replied 54 times.

Post: Just purchased first property (Quadplex!)

Alex SanchezPosted
  • West Chicago, IL
  • Posts 58
  • Votes 8

congrats man! 

Post: Best Way to Automate Tenant's Payments ?

Alex SanchezPosted
  • West Chicago, IL
  • Posts 58
  • Votes 8
Check out rentalutions property management software it's pretty cheap and looks super functional and professional

Post: Help me pick out the best management software

Alex SanchezPosted
  • West Chicago, IL
  • Posts 58
  • Votes 8
I'm a newbie but I've been checking out rentalutions seems legit and very affordable

Post: Can you refinance if you have FHA loan?

Alex SanchezPosted
  • West Chicago, IL
  • Posts 58
  • Votes 8

@Stephanie P. thanks so much that helped a lot:)

Post: Can you refinance if you have FHA loan?

Alex SanchezPosted
  • West Chicago, IL
  • Posts 58
  • Votes 8

@Andrew Wong great! I'm about to buy a 4Flat using an FHA loan. I just dont want that PMI and higher monthly payments to eat in on my cashflow for life. haha

Post: Can you refinance if you have FHA loan?

Alex SanchezPosted
  • West Chicago, IL
  • Posts 58
  • Votes 8

Let's say i acquire a 4 unit multi family building and a year later or so I want to refinance. Can I refinance into a conventional loan? Also is PMI on an FHA loan mandatory for the life of the loan?

Post: Good General Contractor recommended

Alex SanchezPosted
  • West Chicago, IL
  • Posts 58
  • Votes 8

Hey @Eric Liebich how can I find him? Thanks 

Post: Good General Contractor recommended

Alex SanchezPosted
  • West Chicago, IL
  • Posts 58
  • Votes 8

Can any one give me some references of the GC you use to rehab your rentals. Also, now that I'm at it. What's a good managment company in the Chicago area burbs?

Post: Expenses on a rental property

Alex SanchezPosted
  • West Chicago, IL
  • Posts 58
  • Votes 8

I'm in the process of looking for a 4 flat to house hack with an FHA loan. it will be my first investment property (first property I'll buy as well, I'm only 21). What are all the expenses you need to factor in for your analysis. I factor in mortgage, interest, taxes, insurance, PIM or PMI, PM, Maintenance, Cap X, and Vacancy. I also include water if the tenants don't have to pay it. Another question is. Typically or on average how much is Garbage charge and water charge on a 4 flat?

Post: 8 Properties Closed in 8 Weeks

Alex SanchezPosted
  • West Chicago, IL
  • Posts 58
  • Votes 8
Congrats Chris Jackson !!!