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All Forum Posts by: Mike Mosee

Mike Mosee has started 5 posts and replied 156 times.

Post: Getting late start in life, what are best properties to purchase?

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 165
  • Votes 108

Buy & hold is the most reliable way to get to where you want to be.  I never buy anything that I haven't run through the Bigger Pockets calculator with at least three different scenarios.   That said it will take serious effort to reach your retirement goal because one or two doors won't get you there.   We took eight years  & 12 doors to reach our retirement number.   The best time to act is December & January if you can.     

Best of luck

Post: Getting late start in life, what are best properties to purchase?

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 165
  • Votes 108

Sean you're young!

We didn't start serious investing until I was 61.  Currently have several SFRs & 2 duplexes that along with Social Insecurity fuel our retirement.   The best time to start is now

Post: Are you selling, holding or buying?

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 165
  • Votes 108

Currently "holding" until smoke clears on eviction process

Post: Single Family Rental

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 165
  • Votes 108

Definitely check other options, like a mortgage broker.   You should be able to get a mortgage for 20-25% down depending on credit history & number of outstanding mortgages.

Good luck,

Mike

Good luck!

Post: TITLE COMPANY NEEDED PLEASE MEMPHIS,TN

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 165
  • Votes 108

Congratulations!   Have used the following several times with excellent result

CloseTrak, LLC

Post: Memphis Turnkey Tenant Turnover Costs

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 165
  • Votes 108

Quote is very reasonable considering square footage

Post: Memphis Turnkey Tenant Turnover Costs

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 165
  • Votes 108

WE have SFRs in Memphis too and  depending on square footage costs seem in line

Post: Making mortgage payment after transfer to LLC

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 165
  • Votes 108

Put the account number on the memo line & all will go smoothly

Post: Commercial Insurance policy vs Personal

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 165
  • Votes 108

commercial is usually far better in my experience.   Deductible can be higher if you're risk tolerant as well

Post: Bank Loans for funding RE rentals

Mike Mosee
Posted
  • Investor
  • Eagle Point, OR
  • Posts 165
  • Votes 108

Do not go ahead without a reserve.