All Forum Posts by: Mei Zhu

 its to protect personal assets and possible to set up a property manager 

thanks. is there a charge typically to amend and what is the price typically?

Any suggestions on when is the best time to set up a LLC, is it too late to get it after an offer is accepted?

is it needed if I am buying my first rental property?

thanks

Hello,

Just want to know if anyone have tricks of the trade they can share to get the most deals needed to renovate bathroom/kitchen?

For example, someone told me I can get cabinets replaced by going to Lowes and they will install them cheaper?

thanks,

Thank you for all the responses.
Wondering what other people opinions are on a unit that isn’t creating positive cash flow.

Condo is located in Hackensack New Jersey, causes 249000

Assuming that this area appreciates at 3%, which seems low at this market, but I’m projecting for the long-term?
rent increase of 3 to 5% per year?

Tax is 5207

Maintenance 637
rent minimum of 2200 to be on the conservative side

does this unit make sense to purchase for long term  investment or am I better off putting money in a CD account that’s earning 5% interest

I plan to invest in nj where house appreciates well. 

how to do I find the true appreciation rate for certain towns ?

The condos I am planning to invest all yields less than 1% when following the 2% rule.

NOI ~14,000

The rental calculator told me I won’t be having positive cash flow until 4 years after purchase.

What numbers should I really be looking at?