All Forum Posts by: Jeffrey Bass

I am reaching out see if anyone can point me in the right direction for investing in tax liens. I have some money sitting around and want to put it to making money. I just purchased my first condo for rental property and don’t have enough for a second property right now. Any suggestions. Also looking for information on covered calls with stocks if anyone has ideas with stock market. Know this is off topic but anything helps. Keep investing. Thanks.

@Rachel Foster awesome will look into that. Thank you.

@Mike Fontaine thanks for the feedback.

Wanted to see if anyone could give some feedback. I just purchased my first property and have heard many ways for tenants fo pay rent. I don’t like the form of checks and then mailing them to me. Does anyone use PayPal or any other apps. Does anyone recommend setting up direct payment from tenant to your bank account. Thanks for any support.

@Frank Chin thanks for the info. Currently the condo I am purchasing allows me to rent. Also HOA are low now, however understand they can increase.

I am trying to get some feedback. I have been doing a lot of reading and listening to podcasts on rental property. I wanted to get some open feedback.

I am looking to purchase my first condo to turn into a rental property. I am doing a house hacking process where I am getting a loan Thru primary resident and placing 25% Down payment. I plan on putting tenants in immediately as I live in my travel trailer. My cost of living is fairly low.

I ran the calculator on bigger pockets and have a 5% cash flow. I plan on placing payments on the principle of the loan monthly for the first year and have enough income to pay the loan off in 2 years. I am not touching 60% of the money for the rental as that is operating expense and that will stay in reserve for vacancy and cap expense.

My goal is to pay the property off in 2 years or very close to that then purchase another property and place tenants in there as well and have the tenants from the first property pay on the second and I too will place funds on the principle. Trying to do a debt snowball process. I am looking to do long term but and hold as I want to focus on getting 5 property with 75% paid with no loan balance in 8 years.

I was just hoping to get some feedback on my process. Anything would be greatly appreciated. Thanks for reading and responding. Have a great day. Happy investing.