All Forum Posts by: Danial Cousino

I’m doing my research of an area I’m interested in purchasing a rental property when I found a property management company and asked them if I can review there agreement they said they wouldn’t let me see it until I was at the point of hiring a company. Is that standard practice? How am I to know their agreement is something I’d be on board with?

@Pat L.

I like the idea of buy vacant property. You can take the 50/50 guess work out of the equation. Having the right PM that know your lease agreement will solidify your ideals on a good tenant and you can stay with in your plan not have to deviate for any reason.

I’m trying to find out whether it’s beneficial to purchase a rental that is already occupied by a tenant. I have a few points to ponder. Why is the owner selling? What does the rent roll look like. Has the owner caused an issue that has a high turn over rate for tenants. Are the figures correct; southeast Texas, list price $150k current rent $1350.00 tenant lease expires next September. With 20% down that property could have a lot of cash flow.

@Kirbi Campbell

Make a plan, decide if it’s the right plan. Relearn everything about real estate that I have forgotten and more. Purchase at least one rental. Dream about financial freedom. Breath a sigh of relief.

@Lane Kawaoka I was thinking the same thing at first. With the high barrier of entry for an initial investment I thought this would be an option for building a Self Directed IRA that’s mainly focused on real estate. My theory was to get well performing REITs watch them grow with what funds I could contribute then when a substantial amount is accumulated use those funds to get a non recourse loan and have my IRA buy the rental. I don’t know how sound that theory is but to me it feels right, especially the non recourse aspect. Also, any income generated i.e. cash flow, would be put back into the IRA essentially creating my own REIT. That’s what it seems like anyway, I’m not an expert lol. It’d be nice to find one though. How do I get this lost to be more visible? I really like coming up with ideas like this.

I’m new to investing so I’ve spent a lot of time trying to learn how to have consistent growth to support my retirement one day in the distant future. I can’t afford to invest in actual Real Estate so I thought what about REITs. I know they have different avenues to invest in like commercial and multi family which would be a nice diverse portfolio if I those the right ones. By law with a REIT the income has to be reincorporated to the fund like a dividend, but then I thought how much is taxable income on a typical Real Estate property? What if there was no income generated because operating cost are to high. But when rent is increased that increase is put back into the fund. I guess what I’m asking is do you think REITs are a good way to go for investors with limited funds? I’d love to own Real Estate in my area that I could pass down to my children and learn what it takes to be good with growing generational wealth and providing a nice place for people to live but I have limited knowledge and money at this point... Thank you.

I’m new to investing so I’ve spent a lot of time trying to learn how to have consistent growth to support my retirement one day in the distant future. I can’t afford to invest in actual Real Estate so I thought what about REITs. I know they have different avenues to invest in like commercial and multi family which would be a nice diverse portfolio if I those the right ones. By law with a REIT the income has to be reincorporated to the fund like a dividend, but then I thought how much is taxable income on a typical Real Estate property? What if there was no income generated because operating cost are to high. But when rent is increased that increase is put back into the fund. I guess what I’m asking is do you think REITs are a good way to go for investors with limited funds? I’d love to own Real Estate in my area that I could pass down to my children and learn what it takes to be good with growing generational wealth and providing a nice place for people to live but I have limited knowledge and money at this point... Thank you.