All Forum Posts by: Michael DeAquino

@Channing Brand

Yes. Net.

I could use some advice. I own two single-family investment properties. If I sold both of them I could potentially walk away with 200K. I’m not sure if I should just hold, let it appreciate and let the renters pay down the loan or if I should sell and move to a multi unit situation.

Any input would be appreciated!

Anyone have any tips or tricks to get cat pee out of our carpet?

I now know not to let tenants have cats…

@Mark Cermak count me in.

@Matt M. oh, should I change my title? I totally don’t know how all this works.

Can you explain a little bit more about low down conventional?  what is the expectation of a lender? I wouldn’t be able to give any sort of return until I sell. I guess that’s why I was thinking 15%. 

@Ben Brown Moving out of a SFH into another SFH. We actually landed with a turnkey ready home, built 3 years ago. Our current home was built 5 years ago. Yes, LT rental because the Denver area I live in doesn't allow ST rentals. We already have renters lock and loaded. Getting $650 over what we owe on the mortgage. Investors are family members. It might be tricky dealing with family but I find it more tricky finding investors with other people.

The thought would be to sell houses after 5 years and begin more of a hybrid strategy. Possibly buying an investment property and do ST rentals in an area that allows it, and/or getting into multi unit apartments. 

I guess I was seeing if anyone sees any holes/red flags in what I'm doing. Or can prepare me for anything I might run into in the future, for example, tax implications. 

What do you mean by "joining a mastermind"? 

@cody Im still in the process of figuring that out. Possibly 12-15% ROI after 5 years. yes, something like that. rehab while living in the property and then rent it out.

Hello! My wife and I just began our journey in REI here in Denver. We are moving in a few weeks into our 2nd property and renting our current one. We plan on doing this again possibly next year, and maybe continue this model for the foreseeable future. We have some private investors that are interested in helping with each house we move into. Possibly holding each house after we move out for 4-5 years. I wanted to see if anyone has any input for us. Anything we should be thinking about or anything we should be aware of using the nomad model. Any help would be appreciated. Thanks!