All Forum Posts by: CJ M.

@Jeremy Torres

To clarify is $247 the amount left after paying principle and interest?

Or is that after paying principle, interest, taxes, insurance, etc.?

@Solomon Smaniotto

Debt to income will eventually come into play at some point. But if it makes you feel better, I took on 20 portfolio loans my first 18 months and didn't have much of a problem since I had a day job and all properties cashflowed.

@Sergio Jordan Manzo

Anything major should be included in the seller disclosures, but you can always ask your realtor if they walked the property and know of any major issues like foundation, roof, etc. The main question you need to get an answer to is why is this supposedly nice house not selling? There's most likely a reason.

@Sergio Jordan Manzo

I would ask:

1. Are they any offers currently on it?

2. Does he/she think it'll sell above/below list

3. Are tenants current with rent

4. Copy of lease

5. If it's a beautiful house for a good price, why has it been on the market for sometime?? (Maybe ask to see the seller disclosure form)

@Jim K.

I use a calculator. I spend enough brain power on other things throughout the day :)

@Nathan G.

Congrats on the deal! Would you mind sharing how you evaluate (i.e. formula) whether a storage unit is a good deal? For example is the cashflow something like: rents - debt service - utilities - insurance - trash - security system, etc? Can these be self managed easily?

Hello BP,

There's a bunch of stuff online, but can someone (with experience) point me to a great video or great write-up on analyzing the numbers on apartment complexes?

I have a lot of experience analyzing single families, duplexes, triplexes, etc, but would like to learn the differences when analyzing apartments as this may be a future strategy I consider.

Thanks in advance!

@Eric Malone

I'm not really sure what being an Instagram influencer has to do with anything. Screen the person as you would screen anybody else, and if they meet your criteria rent to them.

@Aaron M. VanVoorhies

I have 25 doors as of today, and in today's economy and new administration, I'm making sure I have access to 6-12 months worth of reserves at all times.

As far as paying yourself, that's a personal decision you and your partner need to make. My feeling is, if you don't need the money to survive, reinvest it as you'll grow quicker.

Was on a REIA webinar last evening and part of the discussion was how the term "landlord" is now perceived as mostly negative in the eyes of society. In this PC culture, it was recommended for everyone to drop that word and use "Housing Provider" going forward.

Seems to make sense, which I'm going to do. Anyway, I don't have any questions, just sharing some feedback.

P.S. The world has gone mad