All Forum Posts by: Daniel Jackson

Hey Dan, I sent you a message

@Theresa Harris I am not relying on the tenants to pay the HOA fees. Sorry if that's what the post sounds like. I would be paying the HOA fees. The more rent I get from the tenants the more I can allocate that towards the HOA fees to cut my expenses. Instead of just increasing the rent the moment I buy it. I would like to offer the tenants a lease option, which could end up bringing premium rent from some units.

@Theresa Harris

I am usually not attracted to condos, when it comes to rental properties. At the moment, I have a portfolio of condos I am interested in buying. The reason for my interest is because the purchase price/numbers make it a good deal. Even with the HOA fees, they cash flow well and are 100% occupied.

I was thinking about ways to cut my costs with the HOA fees. Some landlords say just include it in the rent. That would drive rents up, which is not good for competition with other condos that are charging less. I think I might be able to get away with some lease options, which would bring a premium rent of $100-$200 more. I think tenants might look at that differently vs just raising the rent. Thoughts?

My dilemma is I have access to a lot of off market apartment/commercial deals, but I can’t seem to find the investors. Outside of bigger pockets,  how are you finding investors to close on 50 plus unit deals? Is it just a matter of connections? I think part of the problem is that I don’t have my broker’s license and that would definitely help me grow my network.

This would be for a 3 family property @Jaysen Medhurst

I am considering house hacking my neighbor's house. They have agreed to sell the house to me, and we also talked price. I have one concern, which is there is no income coming in the building. This is due to family members occupying the house. I am thinking this won't help my debt service coverage. I would prefer an FHA loan but will any bank finance this? After the family moves out, I can rent out the property and it will cash flow well.

Dont know if you are still focused on that type of investing but I sent you a message

I shared my thoughts to you in your messages