All Forum Posts by: Account Closed

Would it be best to include all utilities and allow a tenant just to pay a flat fee that covers everything for a SFH?

Example: Mortage payment is $600 a month which is fixed rate which includes everything in one payment. If the Tenant Pays 850-900 a month. That includes Paying down The Mortage, Gas & Electric, maintenance cost, insurance, and Lawn work/snow removal. Would I make out In terms of a decent cash flow opportunity? 

Hey i have been doing some research and looking to see what would be the best route to take for someone who doesn't have alot of cash sitting in the bank to put down 20% on a decent SFH. Any other suggestions or methods i could use to get my first SFH investment property for a Buy and hold?

@Ryan MullinI appreciate that answer. Thanks 

I was driving and came across a property that was for sale by owner. Looks like it has been up for sale for quite some time, judging how the grass has not been cut in a while. I know the neighborhood pretty well. Question: What are some questions i should asked the owner once i call? Are for sale by owner properties a better deal? Just need some help BP Family. 

Great Question Justin. Hey first i would get as much information on the SFH as possible after the inspection is complete. Also sit down and write out your complete game plan and stick with it. If the numbers are right, and it sounds like a good deal then i would consider it, but i wouldn't just jump on the first deal that comes. Far as investing out of town i wouldn't recommend that at all. Especially for a first deal until you gain more knowledge and get some skin in the game. I would say try to get a property that's close to you so you can watch over it much more often.

Just was wondering how does the 50% Rule actually work? I watched a quick video on it, but still didn't catch on fully to how it works. Especially on Buy and Hold Properties. 

@Michele Fischer very helpful info. Thanks for the Book request. I will certainly be reading both books. 

Hey just wanted to get some info on how would i go about getting low income properties for section 8. Wouldn't section 8 take off the hassle of worrying about will the tenant pay on time or even at all. Any suggestions on what precautions and procedures i should consider when it comes to section 8?

Hey BP family. Question: what are the best steps to take when it comes to getting the best cash flow on a single family home properties? Any suggestions on the best process to take? 

@Jay Yiu Hey I highly recommend going to the deal analyzes forum here on bigger pockets. Great Help There. Its right under Analyze. I am sure your question will be answered.