All Forum Posts by: Jalen De Leon

Hello! I am an OOS investor looking into possibly buying in Houstonm, TX! I know that the job market and economy is strong out there, not to mention that Houston is a thriving city overall. I do actually plan to move to Houston from California for school but that is not until the near future. As of right now, I wanted to see if there is any duplexes under $250k and to possibly Long Distance Invest for now prior to moving in. I was looking more into North Houston and saw a few properties in Spring, TX. Wanted to see if I can get in touch with someone to further guide me!

Thank you! 

Hello! I am a OOS investor residing in CA. I currently have one SFR rental property in Indianapolis and looking to expand into multi-family, mainly for the purpose of more cash flow. I was looking at MLS, Zillow, and Redfin and saw that a lot of the multi-family properties in Metro Indianapolis are old and are in pretty rough areas in Indianapolis. I was wondering if there is an alternate destination such as the out-ish skirts of Indianapolis? I dont want anything too far from Indianapolis but at the same time not too close to the rough areas of it. If anyone has any recommendations on what surrounding cities I should look into I'd greatly appreciate it!

Thank you!  

Thank you Ko! Ill definitely look into this! Do different lenders have different requirements to qualify? 

 Thank you for the info Jason! What exactly is this Portfolio Program that only requires 15% down called? Is there any other qualifications required to meet? 

Hello! I am a newbie investor from the Bay Area, CA who currently has one SFH in Indianapolis that is being rented out. I am trying to get my 2nd rental property some time this year in the same market (open to a different market in the midwest if no deals appear in the Indianapolis market). I know that for an investment property on a small multi-family home you need at least 25% of the purchase price down if you are not going to occupy the property. I was wondering if there is a way to put an even lower amount down without occupying the property? Any specific loans I can use or any other type of financing I can use to put a lower down payment?

Hello everyone!

This past summer I bought my first rental property and it’s going to be my first time filing with a property and I just had a few questions to ask:

1.) What are some things I should look out for as I hire a CPA? (Both bad and good)

2.) what documents should I provide when filing?

3.) as an out of state investor, how exactly does filing for taxes work when I reside in California but a landlord in Indiana? Are there any restrictions, certain rules I’d have to abide by since I live in a different state than my property?

4.) If I am able to make tax deductions or write offs from repairs/ maintenance items how can I do so? Would I need to put my properties under an LLC or a company name to do so or can I just come as I am?

I’m sorry if these questions may seem all over the place but any help is appreciated!

Thank you again!

I recently bought a property and got a radon test done on it and the results were 5 Pci/L.

Is this acceptable or should I take immediate action to get this mitigated and lowered down? Any advice would help. Trying to get this property rented out asap

Hello!

I am about to close out on my first rental property and wanted some advice on storing the cash flow every month. Should I open up a separate bank account? Or is there like a certain type of app that you guys use to stock up the cash flow on your guy's rental property? Please let me know what you guys use and how I can stay more organized with my first rental! 

Currently under contract with potentially my first rental property and just wanted to gather all my eggs on a basket.

I wanted to ask what questions should I ask before hiring a property manager and a contractor?

What determines a good property manager/contractor and what are some red flags I should keep an eye out for?

There’s this duplex on sale that I am interested in buying with tenants already in them. Property is in a B neighborhood and I was just wondering if I should buy the property with the tenant already being in it or should I somewhat background check the tenant even though they have been living in property. Just want to be safe than sorry, what are your guy’s opinion on this?