All Forum Posts by: Eric Piccione

Hey party people! I am curious what to do with a percentage of my income every month to put it into investments in real estate. Currently, I'm putting my income into an ETF and then when I find a deal worth taking action on, I would withdraw and invest. 

I'm doing this because I would like to grow the money while it's sitting more than it would being in a savings account. I've also looked at HSA and IRA accounts but I wouldn't be able to withdraw to invest from my understanding.

Are there better ways to go about saving? 

Any and all information is appreciated!

@Patricia Steiner yes that is true, we will have to break the news to them given the situation. Thanks for the help!

Hello everyone! So we have been investing 20% of every paychecks into a real estate ETF. The goal of this is to invest our paycheck into something which will grow and when it reaches the amount necessary to purchase our next property, we would withdraw the money and put it towards a multi family.

However, during this time as everyone has seen, the prices have tanked and our portfolio has shrunken by half, which we’re okay with. My question is should we continue to dollar cost average during this time or put it into a savings account and just sit on the sidelines?

Hello all! We have an Airbnb rental which is currently being rented out by a guest for two weeks. She is saying she will want to move some furniture in since she is an interior designer and when she’s at the unit she’ll want to use it as her “studio” she’s implying that she will want to be here for a while “maybe 3-6 months” but hasn’t mentioned it yet.

Later in the day, we got a booking request from someone who wants to book for an entire 7 months. He is a doctor and is rarely home but needs a place to sleep. He also mentioned he has a well behaved cat which only uses the litter box. We have carpet so we’re nervous about that.

When it comes to long term tenant situations, how does it work. We know that after 28 days the guest legally becomes a tenant and if they decide they don’t want to leave we have to evict them.

But in term of payment, would you request payment from them for the time that they want (all 7 months up front) or would it be a monthly payment situation? Thank you for the responses everyone and stay safe out there!

No experience yet. I was planning on using a property manager to deal with tenants moving forward.

We found a 4 plex that has a cap rate of 7.5%, cash flows 590/m and provides a COC ROI of 26%. The only issue is it's in an area with higher crime than the rest of the city. Accounting for vacancies and everything, the NOI is right around $24K so this seems like a great deal. It's also been on the market for a while. I would love to know everyone's thoughts because there are a few schools nearby that have a 7 or even an 8/10. Any and all opinions are welcome!

 You got it! Thank you Nathan!

We are finishing up prepping our Airbnb property for renting. We are curious, what needs to be there and what is just too much extra? How many of you guys put in a microwave, minifridge, and other amenities like that? Thanks in advance for your replies!

They say success leaves clues, is there such a thing as a way to see what the top performing Airbnb properties in the nation are doing to see if we can replicate it? 

Thank you guys in advance for your input!

Hey chris, are you still managing your sfh? If so, do you now have a property management company that you go to? Thanks in advance Chris!