All Forum Posts by: Jake S.

@Justin Conroy No problem! Best of luck to you :D

Cap Ex (Capital Expenditures) are bigger ticket items that get accounted for differently come tax time.

For budgeting reasons, you can just lump the two together and budget, say, 10% total for repairs/capex

Hey Ethan!

Just get in contact with a local mortgage broker and they will tell you everything you need to know :)

Hey man!! Glad to hear you are getting into REI and that you are learning like crazy!

I think to build up confidence, you can do a couple of things

1. Build a team!!
      - Property manager
      - Realtor
     - Accountant
     - Mortgage broker

Youll feel more comfortable as you slowly build your team out. They can advise you when needed. It helped me when I got started!!

2. Attend meetings in your area

3. Just get started and learn as you go.

It'll take awhile until you feel fully confident, even the most experienced people in the industry aren't always confident

The fact you are here, learning and asking questions, shows me that you will be OK. Just go do it :) 

Glad to have you here on BP Brad! Props on your progress thus far and cheers to your 12 month goal!! Go and crush it!

@Charles Burgess You can certainly renegotiate, doesn't hurt to try.

How much longer until their leases expire? If soon, it's something you can always put into a new lease, that the tenants pay their own utilities.

@Ethan Ponder Sounds good to me man! Hope to hear from ya soon

Hey @Ethan Ponder! Glad to have you on here :D

Sounds like you have had pretty good results so far, great work!

Feel free to reach out and connect with any questions you ever have!

Hey @Anthony W.! Happy to see another great guy is going into the world of RE investing. Thank you for your service!!

Let me know if you ever have any questions.

Oh wow! So the tenant covered the costs? That's a rarity, be sure to treat them extra well haha