All Forum Posts by: Ashley Kehr

Thanks for sharing David. I currently self-manage but in the future would like to have a property manager. When my kids get a little older I want to be more passive in my business. Good luck on finding your next fourplex!

@Michael Ablan I’m also from NY and my attorney has advised me that I can require a note from a licensed professional before waiving the pet fees. I’m still waiting on the note from the last person who said they had an ESA.

@Miguel Anaya yes it would be one year for California. The amount you can borrow may vary from state to state but FHA is a federal program so a lot of the requirements are the same.

If you use this link you should be able to get to it. 

https://www.biggerpockets.com/forums/completed-deal-diaries

I usually don't answer then listen to their voicemail. One time it was an actual emergency with flooding water that needed to be pumped so I called them back. Any other time I get a call after 7pm or before 8am, I wait to call them back. I try to run it similar to if I had business hours. Most of tenants text me or email me, which is a lot more convenient. 

 Hi Samuel. If you go to the forums section for completed deal diaries you will find a lot of examples with that information.

Hi Lonnie. I would find out what your new monthly payment would be depending on today's interest rates. 3.25% interest will be hard to beat. Run the numbers and make sure your new monthly mortgage payment won't put you at a negative cash flow.

Hi Miguel. Usually an FHA loan has a lower interest rate than a conventional loan. It wouldn't make sense to refinance to a conventional. For an FHA loan you have to live in the property for one year then you can rent it out.

My kids are still young (3 boys under 5) but I have slowly started to introduce them into real estate. When we drive by a property, I talk to them about how we own that house and someone lives there that pays us money. I've taken them to some showings with me to rent the units. My five year old has helped sweep a unit before a showing. I am interested in different ways you have taught your kids about real estate investing and how you have had them involved in your business? They currently think I only work to buy legos!

I took @Brandon Turner's direction and have purchased a duplex for each of my kids. By the time the kids are ready for college I can re-finance each house to pay for their college or a business they'd like to grow (For all my financial advisor friends out there,  I do have a 529 plan for each too). I'd like for them to learn some responsibility as they get older, the power of real estate investing and I'd like to be a "Rich Dad" to them.

Even if it's things for when they are teenagers, I'd be interested in hearing! 

I would suggest small community banks. If you do your banking with them they are more willing to do a loan with you. They also feel more comfortable lending on a property in their area.  Plus they can be creative with financing.