All Forum Posts by: Jonah Stiles

So my father is looking to buy a rental property. Potential NOI totals to about $40,000 a year although the ROI isn't marginally positive so he would almost have a 0% return on investment. He will be retiring in the next couple years and will no longer have an income.

My question is would he be able to take advantage of the depreciation of the property without a disposable income? Must he have a disposable income in order to take advantage of depreciation, or is it possible for him to apply this to the NOI of the property. And if so how would that work?

I’ve been wanting to get into rental properties for about a year now but I just now have the capital to seriously start thinking about it. My problem is I don’t feel like I have enough experience or knowledge to do it, even after reading several books. I would love to find a good mentor. This brought me to the idea of working for an investing company around Louisville Kentucky to try and pick up a few things. Is this a good idea for me to peruse? I would be willing to make sacrifices or deals with the company in order for a chance to learn.

Would a company be interested in hiring me or letting me intern? How would I go about finding a company and reaching out to them? And would this be a fitting way for me to get my foot in the door in RE investing and what could I expect to learn?

Any other advice, tips, or ideas are also appreciated. Thanks!

Just what it says. What’s a good cash on cash return for a real estate buy and hold property? If price range matters mine is $150,000 or less.

I've been running some mock property assessments from Zillow. I'm not quite sure I'm creating the NOI correctly. What all should I include in the income side and the expense side of the equation? How does mortgage fit in and mortgage insurance? If you think of anything else about figuring the NOI please include your thoughts. Thanks!

So I’m trying to run a few “simulation buys” off of Zillow before my first actual deal. I am looking at a buy and hold for a duplex or triplex. I was doing my simulated deal trying to derive the price that I should offer on this duplex.

In trying to calculate the NOI the expenses were greater than the Income resulting in a negative NOI. Obviously this is bad, but is there anything I could or should do to try to turn this around? Or is this just a bad investment from the start that I should stay away from?

Background: I just met with a "mentor" of mine the other day talking about if real estate is right for me. He asked me why I haven't invested yet and I told him I was saving for a down payment. My mentor then suggested PMI and to insure my mortgage "with no money down"

Question: I've never heard of PMI before. What is it and is it recommended? I assume it takes from cash flow? Just wanted to know the positive or negatives and whether it's better to save for a down payment or go the PMI route.

Thanks for the help on my first ever post!