All Forum Posts by: Ken A.

Have had mixed results.  Best buys are bank owned properties that have been sitting around forever.  I will usually Low ball them big (can you really insult a "bank"?)

No matter what anyone says, you need to have a good chance at appreciation. Forced appreciation is paramount, make sure you are getting a very good deal well below market.  BE PATIENT.  Unless the cash flow is off the charts, don't invest for cash flow unless your local market can go up when the general "market" is going up.

Very good.  I prefer "APM" - Any Peoples Money.  That includes banks, credit cards, crowd funding, private lending, etc. - Basically ANYWAY you can get it.

I've used a lot of credit cards to get it going.  Just make sure your first deal is very low risk, maybe a "hack" would be good for you.

Looks good on paper.  Just remember will be more management intensive if students, etc.

You'll probably get $895 all day long (also use the $-95 rent price).  Is there an extra room for a "pseudo" / possible 3 bedroom?  It would then rent much faster to advertise it that way?

Gotta have cash flow.  1.  Be patient and make offers.  2. Always refer to #1.

I would let them run out, and tell current tenants you plan on doing "Upgrades"/repairs if you are.  I would also think you could get a better "deal" (price or terms maybe?), because the current tenants are paying such low rent.  Also make sure you get into both apartments to "inspect"

If you don't have the experience, you are surely going to get a lot with this one!  Are you prepared/absolutely sure it would SELL (only exit strategy?) even at a loss?

Great idea. Try something low risk to get experience.  Does your area price appreciate (even a little) and cash flow good?