All Forum Posts by: Cameron Hamidi

Thank you all! Very helpful insights.  I have some serious thinking to do. Cheers! 

Does anyone have any suggestions or thoughts on partnership agreements/set ups?  I’m providing the finances to purchases RE investments and I want my sister to help me manage them. What’s a fair split? 50:50? 80:20? 

Read David Greene’s book, How to Invest out of state.  Listen to all the webinars here and do a lot of self education.  

My business partner is looking for a good Property manager in Rocklin California. Does anyone have any experiences in that area? Thanks.

Thank you so much to Mike Houston for the detail info on this guru (Phil Grove). I am just disappointed because Texas REI allows him and his wife to use their platform to market like this to vulnerable folks. It's really sad. You'd expect more out of a REIA. I thought they're suppose to be neutral not guru supporters!

Thank you for the feedback guys. It's very helpful! Hi Jason so the rent is $1500 currently and the property is in a high demand area as new corporates have moved in so rent on odometer and BP as well as my agent all say around 1800's and they're selling the property (3beds,2bath built 2004) for $150k. There's no HOA and I'm putting 25% down/ 30 years term with 3.1% interest. I have allocated 0% for management fee for now (I'll mange myself on the first one) and 8% maint and 0% for CapEx as I was planing to get home owners insurance. According to my calculations as rent is right now the cash flow is about $57 per month but in November with the rent increase to $1800 the cash flow will go to $397 per month. Please let me know if my calculations are wrong.

Hello.  I have used the buy and hold calculator to analyze a potential single family property.  The analysis with the current rent only has $55 cash flow per month but with rent increase can go to +$200 in cash flow. The property has an existing tenant who’s paying $1500 and their lease is up in November of this year.  The house is in a demanding area and with a little bit of clean up and fresh paint can be rented for $1700 or more.  My question: Is it smart to buy a rental property that has an existing tenant?