All Forum Posts by: Manny Rivero

hey everyone, i listened to podcast episode 172 about apartment complex investing not too long ago. On the episode the guy being interviewed said banks typically require you to keep a certain amount of cash reserves in a separate account with them. He said it was typically between 250-300 per unit. Im trying to figure out what he was talking about. $300 per unit for a 50 unit complex doesn't seem like that much. Maybe someone could help me out. Thanks!

Thanks for the feedback! Much appreciated

Hey everyone, 

I'm assisting a friend in the purchase of a duplex. He wants to live in one side and rent out the other to help with the monthly housing expense. What are the tax advantages of being an owner occupant in a duplex? If any. I appreciate the feedback. Thanks!

Hey all, anyone have recommendations for good books that really lay out a lot of the tax and advantages and processes to gain money back from your real estate investments? Thanks

Hey guys,

I'm a real estate broker and trying to help a friend get started in some buy and hold investing. Right now there are a lot of townhomes and individual apartment units (being sold separately from a larger complex) that are for sale in our market. Most of them are within his price range. I thought they might be a good starting property for him, since many people will rent those kinds of properties. I don't have as much knowledge though when it comes to townhomes and apartments. Do these make a good rental? I'm assuming most will have some sort of HOA, is that worth dealing with? I'd love to know some thoughts and see if anyone else has attempted investing in these. Thanks everyone!