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All Forum Posts by: Gaudys Rivas

Gaudys Rivas has started 3 posts and replied 39 times.

Post: Looking for Wholesellers in Orlando

Gaudys RivasPosted
  • MIAMI LAKES, FL
  • Posts 41
  • Votes 18

Hi , Im an investor in Florida . Can you send me details ? Or any other properties that you may have . Thanks

[email protected]

Post: How do you get a squatter out of the house?

Gaudys RivasPosted
  • MIAMI LAKES, FL
  • Posts 41
  • Votes 18

eviction vs cash for keys 

Post: selling a property - we need help

Gaudys RivasPosted
  • MIAMI LAKES, FL
  • Posts 41
  • Votes 18

can you adjust the price of the rent? in my experience this will solve the issue, especially if you don't want to sell at a discounted price

Whatever you decide to do , stay away from fire remediation companies , they will give you a huge overpriced estimate 

I am researching in Akron, also want to invest in Ohio , seems that there are multiple opportunities for cash flow properties 

Raise it up 

Post: Net annual cashflow

Gaudys RivasPosted
  • MIAMI LAKES, FL
  • Posts 41
  • Votes 18
Quote from @Jacob St. Martin:

If you are truly accounting for all of your expenses, 40% is amazing. A lot of investors are happy with 15%. I would make sure that you are keeping really close tabs on your expenses so that you can know exactly what your ROI is.
Hi 

Thanks for your reply , only 30% of my properties are mortgaged , reason why I can keep a  bigger chunk of the cashflow . 
i read once that in general expenses should not exceed 40% of the rent , that is why I was reflecting on my numbers 


Post: Net annual cashflow

Gaudys RivasPosted
  • MIAMI LAKES, FL
  • Posts 41
  • Votes 18

Thank you so much for your input . 40 % is net after all expenses and vacancy/ repairs reserves

Excellent analysis , Thanks for sharing

50% of my rentals are in low income areas , no more issues than my other 50% , however the cashflow is significantly higher , almost no vacancy . Just do a good tenant screening .. I will go for the 43 unit building