All Forum Posts by: Julian Ramirez luna

Blake, Thank you for your advise.

So, the PITI and the HOA fee is included in the $1910, also the landlord insurance. Since this is my first property, I have been learning a lot of things in the process and I think is has a lot of value. I am living in Weston area now, and the average to rent a place here is about $1800-$2000, but I am not paying any money for rent now because it is included in my new job, which before I was on a W2, but now I am self employed running my own tennis academy. So I think that I will have some good tax benefits keeping the apartment, even though I am having negative cash flow from the property. The good thing with this move, is that I am saving about $1600 a month just for the rent that I am not paying, plus the tax benefits that I will be getting and the learning experience.

I am going to be able to save more money soon to buy a property that can have positive cash flow. what do you think about my point of view?

Thank you for your comment.

Julian

@Julian Ramirez luna

Hello Everyone,

I Just wanted to get some advise on a recent move that I did to see if it was a good move or not, and if it was not a good move, can you give please some advise for the future.

In June, I bought my first property as my primary residence in Beverly MA, a few weeks after I bought my unit, I got a job opportunity to as a tennis coach, close to the area and in the job they included free housing. so I don't have to pay anything for rent, so I decided to rent my unit, but I am renting it in $1800 a month, but all my expenses are $1910, so that means that I am $110 Negative cash flow a month. What I see good from that, is that I don't have to pay anything for rent, the tenant is paying months of my mortgage payment and I am being able to save more money now to buy some more properties that could help me get some cash flow. I also started a tennis academy by myself, so I am planning to offset part of the taxes from the interest that I am paying for the loan. 

I have a lot of free time in my new job and I want to get more into the real estate business, so any recommendations on what steps I should take now to get more involved in it. I am thinking of start using roofstock.com to buy a rental property. does anyone have some comments about that.

Thank you for the construction feedback,

Julian 

@Jason S. Thank you for the info! Is there any company that you might recommend to buy rental properties?

Hello everyone! I have been wanting to start buying Rental properties, but i don’t know where to start. I was looking at Moris invest, but I didn’t see great comments about them here in BP. I just saw roofstock and it seems good. Does anyone have any experience with them? Or anyone has some recommendations to buy rental properties? Thank you! Julian

Thank you for the advise!

Thank you very much for your advise What are some of the best way to find a tenant and how can I find lease agreements? Thank you!

Hello everyone, I recently bought my first property as my primary residency. I got a new job offer and I am going to have to move to a new location. Are there any legal consequences if I try to rent out my primary residence knowing that I signed a document saying that it will be my primary residence for at least one year? I will not have to pay rent where I going to be moving, so I’m thinking to rent it out, instead of selling it. Also I don’t have any experience as a landlord, but I would like to learn as much as possible. Is it a good idea to rent it to tenants with MVRP program, what are the pros and cons? Thank you all for the advise. Julian

Hello everyone! My name is Julian, I live in the Boston area, I am a tennis coach but I have been interested in real state for almost 1 year now. My college coach told me about bigger pocket and I just want to learn as much as possible about real state investment. If you are in the Boston area, and someone could share some of your experience with me please, I would appreciate that a lot. Thank you for all the advise! Julian