All Forum Posts by: Kay Kay Singh

I just put 10% of the rent each month into a capex account for all my 35 properties and that takes care of short term and long term maintainance.

@Ben Leybovich I started with it but will be going to a sheriff sale tomorrow to bid on a property and decided to do research in the mean time and ended on my computer.

@Ryan Rogers

if that is not enough please check out this article

https://www.biggerpockets.com/renewsblog/2016/02/0...

Good Luck Ryan !!!!

Originally posted by @Kay Kay Singh:

Ryan Rogers
I would require a property without a cash flow unless I have enough money to support it and wait only for the appreciation which is again speculation only.

 I understand the appreciation part of it unless you have other source of income to support it ,what will happen if something wrong goes and the appreciation you will only receive when you sell the property and also no vacancy means ,you are going to rent it and forget it for ever and never rent it again which is not true ,you might have to do some renovations ,clean it after somebody leaves and the tenants do not always tell you that they are moving out. There are a lot of variables that sometimes you do not even imagine and I would again say that you must have some cash flow to support the property and may be you are not making a living out it.

Ryan Rogers I would require a property without a cash flow unless I have enough money to support it and wait only for the appreciation which is again speculation only.

Arti Piland It depends what amount of money are you talking about . There could be some tax implications too so I would suggest you to contact your accountant and also it depends from bank to bank too.

I am a registered member since 2012 at auction.com but have never purchased a property at auction.com because they keep changing the rules. I have budded a lot of times on the same property but never sold, but finally I received an email that the property is going to be sold for sure but they increased the starting bid very close to the market value of the house. A very hard platform to deal with and also they keep moving the goal post after the start of the game. There are certain things

Making a relation and networking will at least need your identity of some kind for a person to remember you who has never met you before so great suggestion about having a printing business cards have already been given to you by pros.

Well I believe in taking loan and increasing your leverage and buying 5x and of course you got to pay that off overtime but think of this if you have $100k cash and buy a house and rent it out for $1000/ month that $12000 a year and on their hand using the leverage down payment of 20% and buying 5 houses and renting it at $1000/ month each that is $60000 a year revenue and after paying your mortgage you will still have $30000 as compared to $12000. And all other expenses are same. That is how I and most investors think.

Steev Boundzanga Welcome to BP , great place to be at. Good luck.