All Forum Posts by: Eric Ippolito

@Cameron Lam appreciate the post! You must be proud of all your hard work. I’m at the beginning of mine and my wife’s journey, recently having purchased our first duplex and saving up for our next properties this year and onward.

I’m curious, how do you go about tracking the inflows and outflows of cash and costs and such for all of your properties? Interested to know what kind of tracking software or spreadsheets you’re using.

@Nick Maugeri you're expecting to get $500 cash flow a month? After all your expenses? That seems amazing for SFH

@Matt Gouge congratulations on your first multi!

Curious, how are you calculating so much net income after expenses and the mortgage?

If I were to have an excellent idea for developing commercial real estate in a particular area, what would be next?

How does something like commercial planning get off the ground? What are the steps?

@Wil Reichard the house came out beautiful! Would be cool to see a cost breakdown of each of the things you fixed. Judging costs for rehab is something I’m trying to get better about wrapping my head around

@Grant Gordon would also be interested.

@Lee Ripma thanks! That makes a hell of a lot of sense.

I know LA is an appreciation market, but running through any deals’ numbers, whether single family, or multifamily, I can’t see how anyone’s not losing money unless they buy a property in cash.

In LA, the housing costs are outrageous, but the rent isn’t too crazy (not to say $2400 for a 2bdrm apartment is fun). But it barely can pay for expenses, management, and the mortgage and still cash flow. My own landlord owns several multifamily locations that sold for a few million (if Zillow can be trusted) and rents the units up to about $2400 and I wonder how he’s doing it.

So what’s the strategy?

@Zahid Rossamaji could help to start reading up on the basics. Brandon’s Rental Property Investing book was a great start for me, personally.

@Axel Norvell how are you getting this house for $90k? Isn’t it listed for $134k?