All Forum Posts by: Jeremy Clarke

Hey Vickie Yang , I'll be working on getting PM this week. I'm not sure at what point I will go out and visit, perhaps this week, if time permits. I'd like to potentially be there for the inspection. Good point on placing tenants, one side is long term and the other is vacant. I was planning on having the PM place the other unit, but try to be involved in the process if possible.

Thank you Isiah Ferguson !

Susan Vanderburgh , care to expound on your thoughts?

Thank you @Christian Ritter! I am actually looking still. I might have the inspector, but i'll PM you just in case.

@Susan V., what type of deals are you interested in? What are some of your goals?

I'm happy to share my experience Susan. List price was $99k and i went in strong at $105k. I most likely could have gone list price, but there have been a number of other properties i was interested in that i got beat out on, so it was easiest to just go over and lock it up. Monthly net income will be $606 with a 7% cap rate at 25% down (This is after I factor in Property Management at 10%, Vacancy at 5%, and maintenance at 5% of estimated lease). I am told rents are currently low so i might be able to increase rent a bit and those numbers will look better.

disregard this post as it is a duplicate of another of mine.

I am excited to be under contract with my first out of state but-hold property. I would be lying if I said my excitement isn't coming with some nerves. The property is a duplex in Kansas City, MO. I'm planning on using property management and will need an inspector quickly. Feel free to send any advice or positive vibes my way! Cheers to many more to come!

I am excited to be under contract with my first out of state but-hold property. I would be lying if I said my excitement isn't coming with some nerves. The property is a duplex in Kansas City, MO. I'm planning on using property management and will need an inspector quickly. Feel free to send any advice or positive vibes my way! If you would like to solicit prop or inspection services, feel free to contact me. Cheers to many more to come!

Kassie Carrell there is good debt and there is bad debt. Think of your investment property as good debt (Leverage). The loan you have against it will yield you a return in the end as your tenants pay it off over time. I'm sure that isn't the case for the $18k you are in debt otherwise, whatever that may be.