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All Forum Posts by: Jane A.

Jane A. has started 38 posts and replied 385 times.

Post: What is the most under realized opportunity in real estate today?

Jane A.Posted
  • Investor
  • Shawnee Mission, KS
  • Posts 397
  • Votes 90

we have tern key cash flowing 4plx in Overland Park, KS, 6% CAP

Post: Buying homes for cash

Jane A.Posted
  • Investor
  • Shawnee Mission, KS
  • Posts 397
  • Votes 90

you would get better value and cash on cash return and lower risk in better neighborhood if you would put 25% down and get a bigger property.  Check with investor friendly brokerage Leader1, ask for Kevin Roller.  

Post: What are the top cities to buy a duplex?

Jane A.Posted
  • Investor
  • Shawnee Mission, KS
  • Posts 397
  • Votes 90

Post: Best places to invest for first time investor?

Jane A.Posted
  • Investor
  • Shawnee Mission, KS
  • Posts 397
  • Votes 90

Hi Luke, we do remotely KS and MO from CA. Check on 9402 Reeder Overland Park KS and 9309 w 83 st Overland Park KS on Zillow. Good property management company in place. Best, Jane 

Post: 2020 tax return news

Jane A.Posted
  • Investor
  • Shawnee Mission, KS
  • Posts 397
  • Votes 90

Hello awesome Landlords Forum.  Any good news on 2019 tax return for rentals?  Thx 

Post: How you can profit from a Big Mortgage

Jane A.Posted
  • Investor
  • Shawnee Mission, KS
  • Posts 397
  • Votes 90
Originally posted by @Andrey Y.:

In light of all the recent threads about COVID-19, worrying about tenants not being able to pay rent, legislation that seems to screw over landlords month after month, and ethical dilemmas about where it is our obligation as landlords (or God's children) to cover the bills of tenants because of (fill in the blank)

Cash flow is for poor investors or investors that are poor (Apologize in advance to the BP / GRE / Turnkey advertisers)

Let me introduce to you a concept that is not often talk about, and probably frowned upon over the last 11 year bull market:

Big A** Mortgage (BAM)

Things most investors foolishly ignore..

  1. - Historic rent growth
  2. - Historic appreciation rate.
  3. - NOI per square foot
  4. - Operating expenses per sf
  5. - Capex per sf

Cash flow is for poor investors or investors that are poor.

If you need or hoped for cash flow to pay your cable bill then you probably should not be investing in real estate. The only reason I'm not cash flowing is because of a BAM that I am paying down because I am in a high appreciation market vs. a market where the only reason I may get cash flow is because the prices are so cheap because sellers are trying to unload unprofitable properties, this is by design.

So-called cash flow gets eaten up by CapEx and by pesky critters like the coronavirus. EVERY. SINGLE. TIME. I know that "cash flow" has been shoved down our throats because it makes money for advertisers and those companies selling it.

Its time to wake up and start thinking like the big boys (family offices, hedge funds, and billionaires). They are buying 3.5 caps in NY, London, HK, LA, and SF.. FOR A REASON. That reason is not the dream of cash flow.

Post: Coronavirus and late or no rent payments

Jane A.Posted
  • Investor
  • Shawnee Mission, KS
  • Posts 397
  • Votes 90
This Letter if from this website, there are more forms for LL
https://mokslaw.com/

Post: Coronavirus and late or no rent payments

Jane A.Posted
  • Investor
  • Shawnee Mission, KS
  • Posts 397
  • Votes 90

NOTICE TO TENANTS REGARDING COVID-19

DATE: ____________________

PREMISES:

TENANT:

LANDLORD:

Landlord's Address:

As you may have seen on the news or social media, Courthouses in Missouri are closing through Friday, April 3, 2020 and Kansas is suspending evictions until May 1, 2020. You should be aware that this does not mean that you have the option to not pay your rent or that your rent will be forgiven. This only means that you will not be removed from the premises prior to the dates outlined above. LANDLORD intends to continue to file evictions pursuant to its company policies.

There are a number of things that you as tenants can do to help keep our community safe. You should be washing your hands often, wear a mask if you are feeling sick, and notifying a healthcare provider if you think you might have the virus. Additionally, you should practice social distancing and remain inside your unit if at all possible.

LANDLORD is also taking precautions to keep the community safe by increasing sanitary measures, temporarily suspending social gatherings, apartment complex meetings, and any other activities in the community that require people to gather.

In the event you are experiencing a hardship due to the virus, please contact me at [insert email address] so that we can discuss a reasonable accommodation.

Thank you.

Post: Coronavirus and late or no rent payments

Jane A.Posted
  • Investor
  • Shawnee Mission, KS
  • Posts 397
  • Votes 90

Best Action Plan from RE Attorney 

http://www.marei.org/landlords...

Post: Coronavirus and late or no rent payments

Jane A.Posted
  • Investor
  • Shawnee Mission, KS
  • Posts 397
  • Votes 90

Most of our tenants will keep work, some will get unemployment benefits, some may apply for assistance, I think to consider case by case and will offer benefit for on-time or advance rent payments.

http://www.211.org/services/covid19

we may get postponed loan payments