All Forum Posts by: Josh Stamper

Hi Nick, thanks for the advice and perspective. I hope to pass them off at some point, so I will leave the PM in.  After looking at so many ways to find ways to make a deal work and then make sure I'm not forcing numbers, I really appreciate having advice from a person that has been there, done that. Thank you!

Thanks! Yeah, my plans are to pass them off after I have enough, so that makes sense.  Appreciate the advice! 

For new and smaller investors, when you use BP Rental Calculator, if you will be doing your own property management, do you set Property Management Fees to 0% and accept the Cashflow and CoC as true? Or, do you set it to PM Fees to 10% to see the "true" Cashflow and CoC numbers? Or, in general, when an REI says Cashflow and CoC, do they always assume that those numbers include 10% PM fees? I don't want to force numbers to justify the property, but for new and small investors, I want to make sure I'm not missing out on deals, either. Thanks

 Do you keep the RV at your house and the client picks it up? Or, do you have it at campsite and they just show up?  

I have been looking at this path due to lower risk for losses.  Thank you

@ariel jeidel how did you manage that? lol, I like your plan much better!

Just got an email from ALE Solutions about my house for rent. Based on comments here, I replied and will see if we can make a deal. The house was listed for $1,800 and the initial email offered $2,700/month for a 2 month lease with option of month-to-month. My reply asked for $3,000/month for first two months and then $2,700/month after that. The rep said she would check with the insurance co and let me know.

Hello All,

Great site!

I'm Josh Stamper (electrical engineer) and I had a realtor tell me about this site (thanks, Shane!) and it is exactly what I need. I have read on and off for almost 2 decades (poor dad, rich dad on a Sunday morning lol) and after talking with Shane in just a few minutes, everything  made sense. I am new to real estate and currently in the process of attempting to rent out my first property: my house. 

Goals are: do one deal, learn, improve, repeat with a bigger and better deals. 

Multifamily looks good but commercial is now on the radar after listening to a few podcasts.  

My plan is like most: build a portfolio to cashflow and make $125k to $150k/yr.  Then, look for deals to create a portfolio of income now and appreciating properties with risk evaluated.  

Ultimate goal is passive income of $1MM/year but still grind out new businesses, make ideas happen, and help others.

Cheers,

Josh