All Forum Posts by: Angela Yan

@Steve Morris hot market. Stabilized almost 45% equity. 

What you do for one, you must do for all. If ever caught with special favors, you can get in a lot of trouble.  Depending on your tenant type, not sure how much fees are but my PM doesn’t accept cash. They only accept MO or checks or electronic transfers.  MO cost tenants money and they have to stand in line at the store. 

I acquired my 9 unit and 4 unit multi family units in 2018 and this month i am finally done seasoning them.  I rehabbed and renovated them raising rents from $500 per month to $700 to $800 per month per unit.  They are all 2 bedrooms one bath units some townhomes and apartments situated on several lots. I can even build on one of the empty lots across from of my 4 units to add more to that property.  What would be your play if you were me? Sell? 1031 exchange? Refinance cash out? All creative suggestions during these times are welcome. If you are interested in offering also let me know.  

@Craig Dieterich

@Craig Dieterich

@Craig Dieterich don't forget to BRRR when the property value goes up. I think you got yourself a good situation. My $32k all cash home is my favorite baby in my portfolio. Good luck.

Sounds like a great deal. Almost too great. Property tax is always a ***** and always comes out more as tough times are ahead and cities will be hurting. THEY WILL NOT BE COMING DOWN. Buying any RE at $35k seems cheap. I bought one SFR at $32k that rents out for $900 per month now. Sweet deal. I enjoy even though i probably going to have to evict this tenant as he stopped paying the last 3 months after him being MIA. He was great for 2 years paying on time. Tough times for all classes coming soon. Good luck.

Hi Michael!  Did you ever get started? The program is now 10k with brokering and wholesaling along with apps and tools. Just wondering your thoughts.  They refund your money after you close 2 deals wholesaling and 2 borrowing. 

Hi guys! 

My tenant had a fire in my unit and we had to place her at another unit.  I guess prior to my contractor starting his job, he threw out a bunch of Her stuff and now she wants compensation for it. Who is at fault? Any intelligent feed back is appreciated.  

@Zeke Liston. It is in North Linden.  Looking for someone with some advice regarding this.  

Hi there! I own a 4 plex in Columbus Ohio and attached is an extra plot of land. Right now it is just sitting there costing me extra property taxes and just a yard for dogs to play and poop on.  The extra pet fees i charge won’t recover this. I am thinking of putting in an RV dumping with electric hook ups for potential renting out the plot to a motor home, tiny home or container home.  Anyone have experience doing this? 

@Scott Starrett thanks for your response.  I will have a talk with my CPA tomorrow but it is pretty set in stone traditionally that the EIDL is to get you by helping businesses through a disaster via only for operating costs.  They don’t allow businesses to buy fix assets. In my opinion all are vague but they see RE as fix assets.