All Forum Posts by: James Figg

Team, I have several properties now and have been creating a separate checking account for each property. I can see everything in one place with the Chase app which makes it easy to keep track of what is going in for each property without having to keep things super detailed. They also have the option to assign what each expense is by category now which I plan on trying out. As I grow I plan on hiring an accountant. Does anyone have any they would recommend either in California or Arizona?

So we are about to begin work on the property we bought and I have a few family members that are going to help. Dad, brother, cousin, father in law. They all volunteered for free but my wife and I think we should compensate them for their time. Has anyone had any experience with this?

Joe,

Thank you for your advice. The least amount of money I have in it per property sound like a better plan. This one is a done deal but I can always refinance the money back out. At his point I am just getting my feet wet and If I like renting I will be moving forward with may more purchases.

That's exactly what they are going to use. They said its the best choice to maximize the coverage and to get to most of the termites as the walls are heavily insulated. Do you know if its toxic to humans?

They said something like 50 gal of a foam that they put into the walls.

Hello all,

I am still in the middle of buying my first rental and I had a termite inspector check the house. They said there looked like there was termite activity at one time and signs that another company had previously treated the property. They recommended having them re treat the duplex as they could not tell how long it had been.

There were a couple options for the warranty on the treatment. should I go with the 1 year warranty or the 5 year for another $450. Has anyone had any experience with the little buggers? The duplex is in Bullhead city, AZ.

Hello everyone,

My wife and I are new into investing and have just purchased our first rental out of state, Bullhead city, AZ. We live in Anaheim, CA and wanted to get into the buy and hold game for increased cash flow. We are currently refinancing our house to pull $85,000 out and to buy the rental cash to get better cash flow. Was that the right thing to do or should we have just put the 25% required down and had a mortgage on the rental?

Also, I was told by the y realtor that since we are out of state we need a property manager. Does anyone know if that is true or if it was just a recommendation. Of the ones I looked into they charge 10%. Is that a fair price?

Thanks,