All Forum Posts by: Jarrod Lugo

I wish I knew about investing a little bit earlier...say a year ago when I decided to get a loan on my Camaro I’m shoveling out $500 a month just for my car and insurance, GRANTED I love my car to death and as a young human I had to have THAT car. hoping to sell it come spring next year it’ll be missed but my wallet and future investments will be happier!!

@all

Alright so we went to check it out everything on the outside was very nice only noticed some slight work to the brick chimney needed to be done. And we go into the first unit and hopes and dreams absolutely fell apart for that place. You could almost taste the cat urine in it, roof was peeling away the laminate flooring wasn’t supposed to be brown... and just in general the place was extremely out dated along with the attic needed some serious TLC

@Matthew Dennehy

Thank you very much! And my agent has done a few in the past as well as owns current rentals. I’ve been trying my own numbers on the property like mentioned in your post, currently everything works with good cash flow but it almost seems as if it’s too good to be true. That’s why I really want to get out there and take a look and see what I have to work with.

Also that’s a good point about them not giving a straight up answer they most likely are just trying to sell the property, so I’ll have to do my own due diligence. Again thank you it helped out a lot and I’ll be sure to post how everything worked out after this Thursday in case anyone is curious!

Hello everyone! I have been reading through a lot of the topics available on this app and it has been helping a ton. But I want to see personally what other experienced investors do when they are at a showing for a property they would be interested in. Such as a checklist, questions to ask the current landlord, bills showing proof when roofing and siding and other renovations were done, etc. thank you!!

-It’s a 4-Plex 2-1 bd, 2-2 bd.

-Rents are below median average

-New vinyl siding

-Roof only a few years old

-all long term tenant 5-15 years

(Also.. I’m going with my real estate agent this week to look at it, any advice before then would be much appreciated)