All Forum Posts by: Andrew Acuna

Paul Bowers haha I'm working on it! I bought my first in June 2016 and should close on a second with a partner next month.

Thanks for the replies on raising rent. I have a 4plex (soon to be two) in a subdivision of 4plex and other higher end apts. all the other rents are the same so it would be odd for me to raise and not everyone else without offering something different...

I think your first step needs to be to focus on your personal finance. If that's not right, unfortunately you won't get far. You could probably figure out a way to buy with 0 down, but you would have to get really creative. The best way to break in is to house hack (buy a duplex, triplex or 4plex) live in one and rent out the other(s). Your question about paying the mortgage without tenants is a bit confusing to me, but I'll attempt to answer. In order to have someone else pay your mortgage you need cash flow from somewhere (see house hacking). Typical real estate closings are 15-45 days. That can change as you do more and build relationships. Also having cash speeds things up. Check out @J Scott book on estimating rehab costs

Jeff B. Thanks! Do you continue to advertise as you would with a vacancy?

Hey all, I tend to be proactive and I've been thinking about future vacancies. I'm currently full and my longest vacancy has been 2 weeks (my rate is currently 3.8%). I want to know what you guys do when you're full? Do you still take calls? Applications? What do you tell applicants who are looking to move now? I would like to ease the process in be future so any advice is welcome! Thanks in advance!

Nicolas Chambers I might be a little annoyed, but I'd pay him immediately! I don't like being "forced" into paying for anything.

Johnny Teckor man I feel for you! That seems like a very hard position!!! I think (obviously I can't know because I'm not in this situation) I would simply say too bad I have to do what I have to do.

Johnny Teckor yeah I guess it depends on your relationship to your parents. If you don't feel like you can explain all of that to them I understand, but that's what I would do. I'd say, look I want this thing to make money and it's currently not so what do we need to do to make that happen? I would hope my parents would be understanding.

Ronald Rohde that's a great perspective I really appreciate your advice

Ronald Rohde super good thoughts. We've actually discussed this and we have tentatively decided we will go toward the more cautious partner.