All Forum Posts by: Eric Calabrese

A management agent or team is my issue right now, I live in New York so I’m forced to use a management team. Problem is I’m a new investor so I haven’t figured out how to evict while living out of state I have a good tenant (that I found) I just wasn’t able to show the place myself.

I do most the work myself as is he collects rent and knows how to evict if need be but if my tenant renews her lease which I hope, I’ll handle the rest myself because the money I’m paying can be applied to another investment property. What has your experience been self managing?

So far for me management has been the bigger issue.

a little late, I would never pay for a mentor. Would I cut a mentor in if they found me an amazing deal ? 

ABSOLUTELY

I will be successful on my own merrit because passion drives me. 

That being said I would love a mentor but only if said mentor is doing it out of interest in me more than anything 

 I know I have about 30k in equity. I haven't called up yet to see how much would change and if it was worth it. Originally I was going to wait to use it for my 3rd I was hoping my tax return was going to be better to cover what was needed.

hey fellow pocketers! It's been a while. So after closing on my first property in September and everything going great numbers wise I'm ready for property two! 

Problem is I need atleast 10k more to purchase it comfortably meaning with a few thousand in the bank after.

I was thinking should I take some money out of the first house to buy my second or should I just save the 10k myself and save the refinance to buy my 3rd house instead.

(LLC is already in place for second purchase)

thanks for the advice guys, that part i got down I was curious about more of a law question though on evicting someone who has disabilities?

Hey fellow pocketers! 

So I finally have a home and I got my first bite on a tenant. She seems like a nice woman from speaking with her, good income pretty bad credit but it's typical for the area. Being extra cautious investor I believe myself to be I'm already planning her eviction ..so I noticed she has 3 kids 2 with disabilities on one hand its great because she gets $1470 a month from SSI and although NC is a landlord state... Is it harder to evict someone with children with disablities?? 

 No it's a out of state investment ..and I know you shouldn't buy out of state on your first deal but real estate is just too expensive in NY and the taxes are too high in Jersey for me. That's why after this I want to get my real estate license and use it as a way to meet more people in the industry and hopefully find a mentor along the way.

 Orlando is a hot market I was oroginally looking there. I liked charlotte because of the construction going on,newer homes since I'm in it for the long haul I wasn't looking for short term appreciation but something with a average appreciation. I have a property management already in place. I'm going to give my agent a shot since he manages 10 other units but will make sure I have a connection with my tenant so of he doesn't preform well he'll get fired.

 Thanks Greg i hope your deal goes well and you make your first purchase.