All Forum Posts by: Leo Gonzalez

@Louise A.

Thanks for the advice I will definitely look into getting a few professional references. Hadn't really considered that but it definitely would be a good reference of character

Jeffery Waicak I would be comfortable living there but I'm a bit worried about how challenging it might be to find good tenants. Did you have trouble keeping the building occupied with reliable tenants?

I don't know if anyone else feels this way but after listening to the latest Scott Trench podcast I have the house hacking fever. The benefits of a house hack seems like the perfect way to get a running start in REI. However, my price point means I can only house hack in a D-Class neighborhood. So I'm wondering, can house-hacking still be successful with all the risks associated with this type of neighborhood?

New Investor here researching Direct Mail Marketing methods and have a question about targeting absentee owners of small Multi-Family properties. A lot of what I've heard from BP Podcasts and read through forums has been about targeting (absentee) motivated sellers of SFR with good equity, etc. but I have not seen much about how to target small Multi-Family property owners who may be motivated sellers. The only reason I've seen for these owners to be motivated sellers is that they may not want to deal with tenants anymore. Other than that, is there any other reason a Multi-Family owner may be motivated to sell a property with equity?

@Martin Saenz 

Thanks again for organizing this event! It was extremely informative and the round table discussion was encouraging. I'm looking forward to the next meeting!

It's always empowering to see people who grind their way to their financial freedom goals. It helps us newbies who are looking for our first deals to stay focused and take action. I've subscribed to goodlifeinten so that I can read your story in depth and take note of the golden nuggets you share with the world as you add more content. Thank you for inspiring us. 

Is there a way to check a property's previous eviction cases online?

Tim Kane I should preface this by saying I'm a newbie with no deals under my belt. I'm in the process of looking for my first buy and hold deal and my opinion is solely based on the education I've received from BP books, podcasts, and forums. There's a lot of benefits to owning in that area especially with the base nearby as well as the Springfield mall. Not to mention Quantico being a little further out. I say that to point out that I don't think you'll have much of a problem with vacancy. So with that being said all you would have to worry about is your townhome offsetting the difference in expenses. If you run the numbers to the very last dollar and it's doable, holding it would be the better option because your goal is to have more buy and holds. At the very least the mortgage is being paid off and you already have significant equity in the property. The HELOC will allow you to work on another deal and if worst comes to worst you can always refinance down the line to get the property to break even on its own or maybe even cash flow. Hope that helps. Good luck!

@Ned Carey My initial thinking was that a multi family would allow me to maximize the cash flow of the property. I will look into SFR as well. Thanks!

Brad Larsen Thank you for that post. I think you just saved me quite a bit of stress!