All Forum Posts by: John Collins

 It was $433,000 ... not 4 mil. I believe the comma is placed for Indian currency

For that much to cash flow it has to be in midwest or a nice reno that will be hard to find if youre not local without connections 

Kansas City
Midwest towns ... 

In that case you will have to speak with your local banks, I don't know the criteria for loans issued in India. 

In the US and Europe you get more favorable rates if your income is higher and you are purchasing the home as a primary residence, not an investment property. So when first time investors start out, many of them house hack where they live in a room and rent out the remaining space to tenants. They then move out after a while and go from there. 

Banks are basically supposed to prefer homeowners over investors ,cash over credit and high earners over low earners . They want to get their money back with interest and will take the best option. 

You save money by doing the repairs, but you lose time. There's also a learning curve. I would do the first fix and flip for the love of the game, know all the details so in the future your contractor can't screw you over, or if he's doing something fundamentally wrong you would know. That should be the point of doing it yourself, not saving money, because in the long run you are losing time, have vacant months and miss out on opportunities elsewhere. 

There's complex stuff like single pane to double pane window replacement you always want to get the pro's for initially, or structural reinforcement if you're knocking down walls etc. But most of the stuff you can learn from youtube and the right amount of concentration/practice, and there's stuff I enjoy like anything related to woodwork/carpentry. 

Do it yourself to learn the ins and outs and if you truly like it, but don't do it to save money. You're now an investor once you own, so you're losing time which is money. 

Any screenshots of what rent data would look like so those who aren't currently pro members can see if they want to make the upgrade for it? Thank you. 

@Dave Meyer

Any way to see the exact sold price (it would be illegal to not list it in many states) without a RE license? 

I've noticed zillow buying up a few homes in the mid range category, which is around 200-350k in the midwest. They seem to immediately put them on the market for a few thousand more after a month. (Say buying a house for 335, selling fo 342 a month later). It's never a big enough margin to justify the effort.. How on earth is this profitable? To top it off, the price drops immediately after 3 weeks if it didn't sell. 

IN general, people are going to have to start living more healthily. The corona will soon become a part of all our immune systems instead of an invader. So that means less to no sugar drinks, an emphasis on natural foods over packaged , and most importantly ... if lobbying allows it, drastically reducing consumption of industrial feedlot meat that is a breeding ground for new viruses as well as producing food that causes poor health.

This virus was the wake up call modern day humanity needed, so if we're smart things will be better than before. If we're dumb, then we won't be around to be gloomy about it :p 

This is the county tax assessor website, will normally always have a name or LLC it was bought under.

Majority of tenants are high end , price point 2800-4500. Paid as usual, but they will not feel effects until months down the road. It's something to watch 3...6 months from now, no one is immune to this (excuse the pun).

I don't expect everything to be business as usual even when the death rate slows, there will have to be cutbacks by corporations and professionals to compensate for the losses. But the system is always in place to adjust (lower rent if needed) and avoid vacancy.