All Forum Posts by: Audrey C.

Sadly, not all the BP books are on Audible - but I'd love to use up my 12+ credits before I cancel my Audible account. If anyone knows of any that overlap, let me know! Looking for suggestions on co-hosting, STR market analysis, RE investing for or in retirement - just reading anything I can get my hands on in my (late in life) RE journey.

That was part of my initial hesitation - how to know what parts of the lease could be negotiable and should I reach out to those companies online that claim to help to negotiate the leases.  Also where are the resources that I can look to to research consolidations in the area I would be looking in. 

@Bill B. I sent you a DM

I am looking to purchase a property to hold as a STR. Small 1,000SF house. House has a 25 year lease with IGS Solar. Ex wife signed the lease. Ex-wife quit claimed the house to husband in the divorce. Not sure any of that matters, as I'm guessing the title would come back with a lien from the solar company. Is anyone able to take a look at the lease to help me decipher it so I can decide to either move forward or walk away? Size is 3.4 kW and estimated annual production of 3869 kWh.

At this point, I don’t know, but I will find out - thank you!

Yes thx! I meant USPS Lessor or owner of property that is leased to the USPS…appreciate the humor 😊

If you are a USPS owner and willing to share your experience, please reach out here or via DM - it seems hard to find the info I'm looking for and hoping for some guidance. Thanks!

Can anyone share their experience or give advice on approaching a friend whose recently deceased mom had a reverse mortgage on her house.  They are told they need to be out of the house in 30 days.  I'd like to gently approach my friend to see if I can buy the house but not sure how this works with a reverse mortgage.  What kind of questions should I ask?  

I need some help with a 10 year plan for retirement that works in theory and on paper but I’d love some feedback.

I have some $$ from the sale of a property that I’ve been wanting to reinvest in RE but haven’t pulled the trigger. To that $$, I’ve been contributing about $500/week from my W2 job and I now have about $240k to work with. I already own my own home outright and my credit score is 800+

I’d like to acquire 3-4 multifamilies in appreciating markets (in CT) with 20% down ($60k). I’m running numbers on a $300k purchase cost and $240k conventional mortgage at 6% (optomistic by the time this all can happen). With making an extra $500/month payment on each of the units, I could have them paid off in just over 10 years, which puts me at retirement age. The net cashflow at that time would be used as true passive income. The properties would have appreciated for 10 years and if needed, I could sell 1 off.

I’m struggling to calculate the purchase price point and rental income needed (along with accounting for cap expenses, vacancy, PM, repairs etc.) in order to target the right properties to make this happen. I’m more interested in buying in areas of appreciation than the actual cashflow during the 10 years (as long as it doesn’t negative cashflow). I know there are different views on this strategy but for example if each property net cashflowed during those 10 years at $500/mo, at the end of 10 years that would be only $60k. Because I don’t need the cashflow for income right now, I’d rather concentrate on the appreciation. I’m open to suggestions and other insights! Thoughts?