All Forum Posts by: Chase Lowry

Depends on your market… However assuming the plumbing is in place I would put one in.

Until managing your own properties is taking away from your ability to pursue your “$1500 $ per hour” tasks. That’s when you make the switch.

3.5% down FHA for your HH. I would not worry too much about "due on sale jail" as long as your making your payments on time. Although it is a risk.

Have her do a video walkthrough. That will give you a better idea of what needs to be done. When you are in escrow make sure you get it inspected… And make sure you read and understand the report.

Estate sales, Offer Up, Let Go, FB Marketplace Craigslist. If you go the financing route make sure you do it AFTER you close.

And boom goes the dynamite… Nice job!

As it relates to the PM fee, the calc is assuming you are not self managing. I cannot stress this enough… Manage your property yourself. Once you have the systems down you’ll find yourself spending less than an hour a week managing the property. Your question on if it’s a good deal or not is totally dependent on you. Does a 17 cap suffice? If yes then this is a great deal. Do you only want a 20 cap or higher? Then this might not be the deal for you.

Yes… If buy “COMP” you mean completely unrelated. A SF will always differ from a SMF. Ideally you would find a 2/2 within .25 miles from the subject. However if you cannot keep expanding. An appraiser will not use the duplex. Think like an appraiser… Be one with the appraisal. 

And… Boom goes the dynamite! Nice job.

And… Boom goes the dynamite! Good job my man.