All Forum Posts by: Dusty Corning

Looks like a good opportunity. The numbers look pretty strong. Have you considered partnering with someone for the down payment? Either get a friend/family member or find another investor in your area?

Brian Johnson is this a quad?

Wendell De Guzman are you basing your vacancy calculation as a percentage of cost? I thought it was generally discussed as a percentage of revenue (rent). It also looks like you are assuming that each year you have to evict a tenant. Either it's a warzone or poor screening for that to be true.

Wendell De Guzman are you basing your vacancy calculation as a percentage of cost? I thought it was generally discussed as a percentage of revenue (rent).

I believe most major renovation cost would be considered capital improvements and would fall under a depreciation schedule. In other words, no you wouldn't be able to use them to offset your tax liability.

Chris Bounds Did you end up selling the apartment complex?

Renee Stewart where can I find out about the next Houston BP meeting?

Does anyone know if it is possible to modify your profile and picture from the iPhone app? I rarely log into the computer. Maybe Joshua Dorkin can answer. Thanks!

Aroldo Villarreal Are you assuming that you won't have any maintenance or capital improvements needed?

Mark S. I believe Ali Boone was talking about AON insurance company that recently discontinued their guaranteed rental income policy. Here is another company that is offering a similar product. www.thegrp.info I have not used either company and it seems kind of pricey to me. I think good tenant screening could greatly reduce your risk of needing such a policy. Dusty