All Forum Posts by: Jonathan M Peters

James,

That sounds great. 

I guess the correct this to say is When someone sues instead of if :)

Thanks for your help.

Sweet I'm heading over to the properties this weekend to get my tile on! I appreciate the Help. I'm thinking I will have to make sure that the tenants are going to have the house clean and looking in its best shape.

This is totally uncharted waters for me. I am still pretty dumb on the whole rental deal. The whole process for me is buy cheap property the can be rented for more if I invest some of my know-how and time into it. Rent it. Pay myself back then start stacking for the next house. 

Everything outside of that is now just part of a huge learning curve.

BTW! Nice suite man.

I see. I will have to talk to an authority on the subject in my area. Plus I will still need to go get an umbrella policy for the properties I have currently. and save even further.

I am currently renting a single family home and the new school bond has made my profit disappear. I have been thinking of adding a pole building garage so that I can justify a large increase of rent. 

Issue is the family I have in the unit have been there for 5+ years and have not been showing signs of leaving anytime soon.

Do you think that this is a good avenue? It will be about a 10k investment into the property but I should be able to increase the rent around 300 each month and gross a 350-400 a month profit.

Any other suggestions are greatly appreciated!

 Are you in the Seattle area? Do you know of any meet ups?

 WHOA! is that just a state-by-state situation?

Delana, do you use an LLC for your buy and hold properties?

If you do, do you have any experience with what it looks like to leverage equity on properties that are in your LLC or LLC's for each property to buy one large investment property?