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All Forum Posts by: Eva Hambrick

Eva Hambrick has started 2 posts and replied 2 times.

Post: What are you looking for in a CPA

Eva HambrickPosted
  • Eau Claire, WI
  • Posts 2
  • Votes 0

Good afternoon, I am a semi new real estate investor( my husband and I converted an old residence into a rental once we moved into a new place) and have started to attend real estate meet ups in our area (Eau Claire, WI). I am a CPA  and prepare taxes on the side. What are investors looking for in a CPA? I am wanting to niches down into small business owners and real estate investors. TIA

Post: Primary home turned first rental

Eva HambrickPosted
  • Eau Claire, WI
  • Posts 2
  • Votes 0

Investment Info:

Single-family residence buy & hold investment in Eau Claire.

Our first rental was our primary residence before we moved to our new house

What made you interested in investing in this type of deal?

It was easier and less work to find a renter then to sell

How did you finance this deal?

Primary mortgage

What was the outcome?

Cash flow of $100+ per month. Could be closer to $180+ a month next year when it goes back on the market to rent-won't be offering to pay for water and garbage

Lessons learned? Challenges?

Don't be afraid to charge more then you think a property is worth