All Forum Posts by: Sky Mikesell

there are a few good lenders out there i have worked with that are more focused on your collateral then you the borrower. happy to introduce you.  send pm

we have a lot of australian clients and work and take them through the process of buying investment property in the strongest real estate markets in the U.S.   feel free to email me   sky@retireonrentalscom and can point you in the right direction. 

i have and do work with a number of international investors.  we help them get their llc's set up and even help them get financing on the property.    If you need any help getting financing we can help point you in the right direction. 

good luck getting your team in place. 

I have a solid lender who is more focused on your collateral then you.  rates are ok ... but no issue with cash out refy. 

 i have worked them  with several clients have worked with ...  email me and i will send you their contact info.    you can email me  at   [email protected] 

Ok sure... maybe the busy street, or garage issue or whatever else you mentioned could be hindering your sale... so lets try something new.        when you go to the store and colgate toothpaste comes in 18 different boxs with different colors it is not because the toothpaste is any different,,, it is just marketing.   

You are already into this property for $66k?    how much can we rent it out for? 

can you rent it for $700? $800?      Great do it.   Now you have a property generating income for you... 

now what.... 

now you put the property back up for sale but now you have a new marketing package... now you are selling a Rental property that already has a tenant living there and already has a property manager managing it... a passive investment... 

Real estate is a forgiving business.  this deal may not be perfect but one thing you did do right is you bought in a price point where the rental income will provide a good yield on this property even if you sell it to an investor for $85k 

you can do it!  

reach out to johnson controls ... sometimes grainger has obscure parts available.

welome guys

most markets that could yield you $4k a month with buy and hold scenario's are probably not buy and hold markets you want to be in. 

if you are serious about needing the $4k a month as a result of wisely investing your $150k sounds like the real estate vehicle to match up with those goals would be a fix and flip. 

this is also probably the highest risk portion of residential real estate so find someone to work with who has experience doing this already.   you have to do 2-3 of these a year to hit your average of $4k per month. 

good luck, be careful.

I always will make my contractor pick up the materials.... if they are a new contractor i happily meet them at the store to pay for it to insure they cant try to mark up the price on me.   

If it is a contractor i have worked with i simply pay for the materials over the phone. 

i lived in portland oregon and did real estate there for many years.   investing out of state was a simple decision.   I eventually moved to the real estate market i was investing in. 

For me it investing out of state came down to two simple things. 

1. I wanted rental property where the Income actually covered the expenses. 

2.  I wanted that property for a price that i could actually pay it off before i needed to retire so i could have the income.