All Forum Posts by: Jessenia Munoz

Hi all! I've been hoping to get more exposure with other investors outside of REI meetings and I wanted to do it by offering some help. I've experience working in a Property Management office executing the most tedious aspect of REI - paperwork. I've dealt with everything from applications to receipts to records and I'm more than willing to offer these services to another investor. No payment expected, no strings attached!

@Kenneth Reimer Thanks for the insight! I'm going to make that my goal for the next week or two, to analyze a one or two deals a day in an area I'm interested in. 

@Aaron Z. I  like the idea! I've a spreadsheet with the demographics and pertinent info for a few different cities in HR which has helped me narrow down my search so we'll see how it goes. Thanks!

@Melroy D'Souza Thank you for breaking it down! 

Hi all! So I'm almost ready to move forward and purchase my first rental property (or start really looking for one rather). I'm looking for one that's between $50K - $60K but I would hate to bring in $20 (exaggerating of course) a month per property. I've been looking into how to analyze properties to get a sense of what the monthly cash flow would be but Im havnig a little a trouble getting it just right. So here's my question: In Hampton Roads, VA, the real estate tax is about $1.24 per every $100. I know there are a number of other factors such as insurance and other monthly fees that would contribute to positive cashflow but generally speaking, what is a realistic number that I would pocket each month with properties in this price range? Any ideas on where I would find this type of property in Hampton Roads and any tips from those who have invested in this area before and/or still are?

Thank you all in advance!

Also, I know that the price range is on the lower spectrum but I would rather not have to do any rehabbing if at all possible. Thanks again!

@Michael Snead Thanks! I'll look into both of these.

Hello everyone! I'm intrigued by the idea of "Driving for Dollars" but am having some trouble knowing where to start or how to effectively do so. This might seem like an elementary question but do I literally just drive around different neighborhoods looking for signs? Additionally, how do I drive and find MFU that are construed of 3+ units/where do I look?

As always, thanks in advance for your input!

@Tiffany S. Thanks for the words! I'll let you know what I decide to do :)

@Jack Gibson Will do! Thanks again.

@Brett Snodgrass Makes complete sense! Thank you for that perspective.