All Forum Posts by: David Chase

I’m looking for a real estate agent in the Cincinnati Ohio area who has been an agent for awhile and has some experience investing in real estate themselves. Does anyone have any recommendations ?

thanks

I’m looking for a real estate agent in the Cincinnati Ohio area who has been an agent for awhile and has some experience investing in real estate themselves. Does anyone have any recommendations ? 

thanks 

@Wayne Brooks Thank you as well 

@Zach Westerfield Thank you for the reply. This was very informative and helpful. 

Considering purchasing my first rental property. Can anyone give me a brief description on the tax implications of owning a cash flowing rental property ? What are the pros and cons from a tax standpoint ? 

Thanks for your input 

In general I agree with the business and family mix. But In this case I have zero concerns that they would care for the home as if it was their own and would pay on time. I would be purchasing with finance terms not entirely sure of the purchase price yet $110,000 - $120,000  putting 20% down

Looking for some feedback and thoughts on a potential rental property opportunity.  My parents currently rent a house from some other family members that I could purchase and continue to rent to my parents. The relationship with my parents is good. They are 61 yrs old would probably rent this property for the remainder of their life. The property doesn’t need any work has a newer roof and furnace. They currently pay $850 month and pay their own utilities After Principal interest taxes and Ins I figure about $250-$300 month in extra income. If I factor in cap ex expenses that would be another $100 roughly. My question is after taxes on that return is a smaller return of $150 A month or so worth it? There would limited risk, they pay on time won’t have any vacancy issues my dad has been handling all the small maintenance things. Any insights would be helpful. I’m not sure what sort of returns problem usually expect from rental properties 

Thanks 

 @Perri Weber thank you for the reply. It was very informative. 

Thank you so much for the info. I have been in the insurance field as a broker for 9 Years, although the internet has taken away some business I find it to be very similar to what you just described. 

I’m considering becoming a real estate agent. I am curious what the thoughts are from others in the field about the future of agents? Do you see agent involvement being reduced because of some of the technology we have now ?