All Forum Posts by: Angel Rosado

As the thread is called debt or no debt, figured I would ask a question as I was literally thinking about this same topic this morning and was going to start a post for it.

How does the BP community feel about Student Loan Debt?  My wife and I have ~25K in student loans that cost us ~$300 to service monthly and rates are either 2% or 6%?  We pay this pretty comfortably.

Thoughts?

@Josh Gevedon Let me know if you'd like me to star a seperate thread

Hi @Mark Gallagher nice to see a local here. I agree with everyone has said in this thread. The reality is that learning from experienced investors through the podcast and the blogs will provide a better ROI for your time.

I actually have the opportunity to attain an MBA without having to pay tuition but the opportunity cost involved with time that has to be invested to achieve an MBA, in my opinion, is not worth it. I mean if you spend the same amount of time that you would invest in an MBA on learning about REI, hustling side jobs for a down payment, and networking with other investors you will probably become way more financially success and gain you invaluable experience.

@Neil P. I'm with @Justin Fraser find a local lawyer as eviction laws are very specific.  Do you have a lawyer that you use for your general RE, if so he might be able to assist you with the specifics.

For future reference, I would document all communication with any tenants be it via email or text, this serves as proof that you have spoken to them if you ever need to bring it in court.  I would go as far documenting all repairs that you have done so that they can't utilize this as an argument against you.

Interested to hear about your screening process.

Did you mean LTV ratio? Utilizing the upcoming world games as a predictive expectations of the local economy is a great way to look at the potential growth of the investment. Did you do out of state TK due to CA prices?

Us.Moo.com has some pretty good quality business cards.  I haven't ordered any yet for RE but we have use them with my wife's beauty advisory business and were very satisfied. 

@Rollan Dizon just wondering why Birmingham?  What drove you to purchase here and not other locations? 

@Matthew Saskin Great points on both responses.  I look forward to achieving the results that you have been able to attain.  

The biggest hurdle that I am dealing with is the cost to enter the market, which is a matter of time, saving as much as I can.  I can clearly see the vacancy rates being low compared to other market especially considering the concentration of people within the 5 boroughs.

Just in these two post I was able to get a lot of information, didn't know that in NY the landlord pays the broker's fee.

@J Scott Sorry the valuation techniques are the same.  When I said that, I meant to say that NYC is a beast in terms of the cost to purchase a property is high or is my thinking flawed?

Just when I was thinking it was impossible to send sarcasm via forums someone has succeeded hahaha.

@George P. I semi agree with you.  You should self manage but when running the numbers its better to account for PM.

Welcome to BP @Maurice Ilao. You have literally found gold when it comes to REI knowledge.

The Podcast, webinars, blog post are great ways to get start learning about MF.  A quick read that might help you is The Ultimate Beginners Guide http://www.biggerpockets.com/files/user/brandonatb...