All Forum Posts by: Mike Bovay

@Tyler Kastelberg thank you for taking the time to respond

@Theo Hicks thank you for your response

@Matt Crusinberry 55% plus debt service, correct? Also, would self management change that number in your eyes? Thank you for your feedback!

How do you conservatively estimate monthly expenses? Is there a “standard” percentage to use as a rule of thumb? I’m looking at a 6 unit property and trying to do a quick estimate. (I realize this won’t be a substitute for doing my due diligence and seeing the actual numbers). Thank you in advance.

I'm sure this a problem many wish they had but I have an opportunity to have multiple investors. My business partner and I can get properties much sooner if we accept funds from others but we'd also make less on each. It seems to me that getting started and having more properties is best, but does anyone think the downside to involving others outweighs the upside?