All Forum Posts by: Joshua Bautista

Because buying in cash means you are putting all of your eggs in one basket.  Leverage is the name of the game in real estate.  I mean if you have the cash resource to spend the whole 200k in one swoop then by all means go for it. It's all about the numbers at the end of the day 

With that said... do not overleverage yourself.  Gotta find some balance.  

Hey Chad, message me! 

Hey Vivid, I messaged you

Just as the title suggest, apart from having your license and certifications...what do you look for in an RAL? Types of properties needed, regulations, etc. 

This is great

How about 1031? You said it's still not in a positive? Do you mean you still have negative equity on one of the rentals?

Hey Sam, try putting this on the deal analysis forum! I think you might get some answers.  

But I want to know, what makes you think this is a great deal?

Hey Richard, I will message you

-how do leases work for a tenant renting by the room?

So when we started our first coliving, we made everybody sign a 6 month lease with the option for it to be month to month. {Fun fact: we actually tried STR by the rooms and we cash flowed like crazy...but we didn't realize that we needed a permit and so we had to stop it} We did alot of pre-qualification work to make sure the prospective tenants are trustworthy...but you are never sure 100% anyways. The house is a 6/3. Each room is $1000 with the garage studio being $1300 and master bedroom being $1600. Mortgage is 4000. We pay for utilities and its about 300

- is furniture included?

Yes, it is furnished.  But some tenants bring their own furnitures and we just removed whatever's in place (like bed) and put it in the garage.  They also bring their own kitchen appliances for everyone to use.  We all have a weekly meeting about what needs to be done and what needs work.  Everyone was pretty cordial.  

- do you restructure houses to fit more rooms?

  Yes the garage actually was converted into a big studio

 Residential Assisted Living :)