All Forum Posts by: Justine Phillipson

I think it really depends on the property and the person. Where I live in Scottsdale Arizona, the typical HOA for a condo is $200-$400 a month. But for a house will range from $0-$200. I think if the owner is specifically looking for a condo, they'll expect a high HOA. But I feel like a lot of owners looking for a house typically don't want an HOA at all, not only do they dislike the fees but they dislike the rules.

Good for you Dean! You are already leaps and bounds ahead of most people :) I bought my first rental when I was 25 and my second when I was 26, and my primary residence (a condo) when I was 28! 

Now I'm a licensed agent specialized in Investment properties. If I were you, I would focus on staying out of debt and getting a good w2 job out of college. I would then try to find a small house or condo to buy, and rent out the spare bedrooms to friends :) House hacking is such a great way for young people to get started! I did that with my condo, and was able to use all the income generated to renovate it! I plan to turn the condo into a rental eventually when I can afford to buy my "forever home".

Hi Dennis, I live in Arizona but when I bought my Indiana properties I lived in SoCal! Are you wanting you purchase a rental that is turnkey ready? Or are you wanting to do some rehab? 

#2 if you can find one! The market's I've lived in have been tough, because they're popular for good reason! If that doesnt work, you can also buy a house to live in and fix up, and then turn that into a long term rental when you buy your next deal!

My rentals are in South Bend, Indiana and are doing wonderful! I like my property manager too

Hi Carlos, I am going to send you a private message!

Welcome Jeremiah! This is so exciting, congrats on taking this step!

^Love all the advice above! The hardest part is getting started. Different strategies work for different people. I'm going to send you a private message!

Hi Jimmy, I think I can help you! I'll send you a private message.

Hello, I would like to get some advice or opinions on my situation.

I own a property in South Bend, Indiana. I live in California, and have a property manager run it.

Because of Covid, the husband lost his job. My tenants only paid half of the June rent. Today, they finally laid the other half of June rent, only after making a huge stink about waiting on unemployment and not being able to feed their kids.

They still haven’t paid anything for July. They said they will pay that on the 15th (I highly doubt they will though).

Indiana state laws have made evictions illegal until September.

What would you guys do? Their lease goes until 3/2021. I’m thinking about waiting until they give me the July rent, and then offering them to move out and break the lease and I’ll waive the penalty for them?