All Forum Posts by: Juan Lozano

Hello all BP investors. I live in California and bought my first rental home in the state of Missouri. I was wondering if I have to also file State taxes in Missouri? If so, is the property taxes also considered a deduction for the passive income? Thank you for your time and response.

Thank you Tangela Shelton ! Yes, I have insurance for the house... we now need insurance for everything!

Gail Kaitschuck and Patti Robertson thank you so much for taking time to respond. Really appreciate it! At the end, I guess I took to long to decide and the potential renter went somewhere else. It's ok. Thank you again!

Hope all of you are having a great investment year so far. Need your input please. Buying a Turnkey home in the 32210 zip code and the PM informed me that a Section 8 renter is interested in my house, to rent. What do you suggest? This is my second rental home but don't know much about Section 8 renters. Hope you can provide some input. Greatly appreciated!!! 😀

Hey Brandon, I'm actually going through them too. Would love to read some more input.

Thank you Kevin Siedlecki and Christine Mwai . You made my decision easy. I really want to help her but I guess it will not work. Appreciate your time!

Hello BP colleagues and Happy New Year! Would like your advice on the following: Someone close to me would like me to take over her townhome in the 85022 zip code. Unfortunately, she lost her job. She owes under $99,000 and would like me to either take over her payments OR buy it off her at what she owes. It's a 2 bedroom and 3 bathroom town home. HOA has not been paid in years. Under $9000 is owes. ($160 HOA a month). Repairs needed- cleaning, new paint, carpet and second floor (one room) floor squeaks. I am guessing that I will spend between $5000 to $7500 in repairs and cleaning. She owes 3 months on mortgage. I know I would have to pay Property taxes (assuming $850 a year) and insurance (assuming $700 a year). No liens- YET. I think the ARV would be $130,000 - $135,000. If i were to buy it, i would like to rent it between $1000-$1100. Still thinking if a PM is needed. Still not sure. So, would this be a good investment/risk? Appreciate your input.

Kyle Myers Nilesh Makhija hello there! Yes, I recently closed and the process took a bit longer, but it was due to the bank loan's restrictions. I will receive a full rent payment this month, in July. Now, I am an investor! 😁 Got a good home and I got all my questions answered by Mike, Pinnacle Investments and by Tim, the seller. You may PM me anytime.

Will do @Kyle Myers

Hello Marlene, 

It's time consuming looking for a Turnkey company, but I think most of your energy will be spent on looking, researching and finding your investment home.  

I narrowed it down to three Turnkey companies and researched the homes within them.  After numerous inquiries (most were taken), I eventually found my first investment home and am now close to closing on my first investment home in Kansas City.  I went with @Mike D'Arrigo and his company. So far, he has been very helpful, professional and has answered all my questions. He is very respectful. 

I do not know how our relationship will be in 3 or 6 months, but so far, it has been a good relationship. 

Best of luck and wish you success!