All Forum Posts by: Kevin Andringa

@Nick Watkins I will pm you with any questions on my next deal, thank you for the help!

@Tim VandenToorn I will,  appreciate your feedback! 

@Charles Kao I appreciate the insight, we have continued searching! 

@Evan DeVisser 6-12 months of reserves is very conservative. Based on BP podcast you should have a minimum of 2-3 months covered. 

Hello,

I am a new investor in the Grand Rapids area. I currently house hack a three bedroom condo in Grand Rapids I purchased in 2017. I am looking to pickup another property in 2019 but am constantly told to, "wait for the next downturn". It is difficult to say what the market will do in the next few years in our market however, I have 20k ready to put into my next deal. Should I pull the trigger on anything that cash flows $300+ a month?

thank you!

Hello,

What are the best practices to search for deals via direct mail?

thank you!

I will check this out, thank you! @JD Martin

Hello,

When investing in single family homes, what is the best cash flow calculator to use? Looking for some advice on being able to efficiently calculate cash flow when looking at deals!

thank you! 

Investment Info:

Single-family residence other investment.

Purchase price: $138,000
Cash invested: $30,000

2 Bedroom 2 Bath Condo- House Hack

What made you interested in investing in this type of deal?

Close to local college and growing area

How did you find this deal and how did you negotiate it?

MLS- Negotiated the deal through my realtor during a seller's market

How did you finance this deal?

FHA Loan

Lessons learned? Challenges?

Always take into consideration HOA fee increases when looking at condos. Make sure you know the total number of condos in the association and how healthy their funds are for Cap Ex.