All Forum Posts by: Kyle L.

I have found my properties through a realtor. If the realtor is motivated and trustworthy, then he/she should be able to go to the house and video a tour of it and then handle all the other stuff leading up to the purchase. After that you let the property manager handle the rest. It would certainly be easier being in the same state, but it has worked for me. 

There is a property that I think is a good deal and would have a good RoI in the long run. However, it is on the higher end of my budget and would require me to use up almost all of my savings. Would you risk having no savings for a while to get a good property?

That's New England beach rentals!

I am looking at an investment property on the beach that would make most of its money from May to August with short term rentals. I will possibly be buying it in October, which gives me a number of months with no large income. Are there any creative ways to delay paying a mortgage until the summer? I am doing a 30 year conventional.  

My wife and I have been saving up for quite a while to buy an investment property and are looking at one in Hampton, NH for a short term rental. It is 2 bedrooms and 1.5 baths with central air and a garage, but only 1050 above grade square feet. It is right across the street from the beach (you can walk to it in less than 30 seconds), so it is very close, but one building in front blocks most of the view of the beach. I saw an AirDNA report (see below) that said the property could bring in 44k in rent throughout the year and I am wondering if you think it is accurate. It says November is a popular month to rent, which I was surprised about. Attached is the picture. Do you think this report is accurate?

A rental property that I own is in an area where the water bill has to be in the owner's name. The bill goes to the management company. However, in the past year, the tenant has gotten behind on paying the water bill (through the management company). The management company says there is not much they can do other than keep asking them to pay. Any suggestion on how I don't get stuck with the water bill?

I am looking at a mixed-use property that has a commercial unit below and two residential units above. I am told this makes it a commercial lending situation. Can you suggest some good online resources I can go to to get a quick overview of commercial lending? The lender I spoke with used several terms I wasn't familiar with from the residential world and said the loan application would need to include a packet of info showing the building is making money. Thank you in advance!

Fairly new investor here! I have one investment property and am looking to get a second... 

I am looking at an investment property that has two two-bedroom units upstairs and a cafe/deli below. Does anyone have any advice for investing in a multi-family property that has a commercial side? Also, would this be a residential loan or a commercial loan?

My biggest takeaway was that we should make money work for us, not work for money! Instead of earning money and saving it, we should earn money and reinvest it to make it turn into more money. Lot's more there, but that was my big takeaway :)

Newbie here! In my area (New Hampshire) I am finding it hard to find houses that fit into the "70% rule". I have identified a number of potential rental properties that would ended up with a decent (15-20%) cash flow, but none of these would fall into the 70% rule. So my question to you is: Would it be better to wait until I do find a property that fits in the 70% rule to follow the BRRR method, or would it be better to "dive in" to a property that would not fit in the 70% rule, but end up with a 15-20% cash flow?