All Forum Posts by: Charles Salumn

@Aidan Mulligan  yes I can afford more then 3.5 percent do this can help. How would I analyze the deal? Like I would be buying for a sole income property to make sure that in time if I decide to move on the property will cash flow ? 

Long story as short as I can make it.  Bought my first home last year and was forced to sell because of job relocation.   Currently living with folks looking for a place to reside.   

IVE WANTED TO START INVESTING IN REAL ESTATE SIMCR I CAN REMEMBER AND NEVER GOT STARTED ..... 

Currently single and no kids (but possibly in the near future ) I’m at a crossroads on what I should do in terms of trying to find a residence to live in and making an investment .   

Can someone point me in the right direction and motivate me to get my journey started already.    

@Bryan O. Thank you. I'm really at a crossroads. I'm getting out of what I'm in now because it's too big. I'm not in love with it and the market is hot. I can move in with my parents for the time being but that is not ideal. I century where I am is really low and everything is also over priced. I was even thinking of maybe renting and stacking up as much capital as I can until the market comes down and then jump into rentals. What do you think

Hows it going guys I have decided to get out of my current residence right now I bought a year ago , but I bought on a whim. I'm not in love with it and the market is super hot. I wouldn't be able to rent the property bbn and I can sell for around 20-30k more then I bought for. Which will net in a 10k loss when all is said and done. I want to start building a portfolio. I am trying to get Into a multi family type setting. My question to you is what formula can I use in order to see if my figure purchase will be a good one being that I am going to live in it. Should my rents pay the whole mortgage or a portion? Would you pay more for a property you would much rather live in then worry about the cash flow ? Ultimately it will be a complete rental as I grow my buisness but wanted to check here

Thanks a lot bud. I think you are right. I would pro hve too much of headache trying to buy out of state

For the last few weeks I have been dead set on investing into my first piece of income property. I love buy and hold multi family units. I currently reside in Delaware. With that said I don’t plan to live here for the long haul. If all goes to plan I will end up in North Carolina. Realistically In the next 3-5 years. I’m torn between buying property here and renting it out but then when I leave I either have to unload or get a management company involved. . Or go directly into buying property there. Where I have family/friends that would be willing to manage my properties and do repair work for me. Anybody have any input ?

Thanks a lot bud. I was hoping for more 3-400 per door but I guess it all depends.

How’s it going everyone Looking to start investing. I plan on doing this for the long haul. I personally believe in looking ahead. I’m looking at long term rental properties. I want to start local and manage my own properties and then once I become successful and acquire more doors. Letting a management company take over My question is how do you analyze a property in order to allocate for management fees. What do you suppose is a good cash flow dollar amount per month per door. Thanks

Thanks for the input guys. Ugh. So confusing. I can’t use this property as a rental because it has a pool and I was told that’s a big no no around here I’m sure it would cash flow if I didn’t have to maintain the pool as well

Anyone ?