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All Forum Posts by: Michael Kubitza

Michael Kubitza has started 1 posts and replied 5 times.

Post: Newbie concerns/questions

Michael KubitzaPosted
  • Houston, TX
  • Posts 5
  • Votes 0
Originally posted by Robert Adams:
Welcome to BP! If you ever have any questions in regrds to the Las Vegas market please don't hesistate to ask.

Robert,
What does a modest rental go for in vegas, ballpark? I would assume anything there is fairly expensive. Turnkey would be of most interest to me.

Post: Newbie concerns/questions

Michael KubitzaPosted
  • Houston, TX
  • Posts 5
  • Votes 0
Originally posted by Ken Hipp:
Welcome Michael, have you looked into any Real Estate Investment Clubs in your area? Great way to get local contacts with like minded investors.

Hi Ken. I looked at a few local investor club websites to see what they're about, but nothing more yet. I will follow up with that.

Post: Newbie concerns/questions

Michael KubitzaPosted
  • Houston, TX
  • Posts 5
  • Votes 0

Ali, well I'm with you on the stress part! I have enough of that in my day job. Unless you're talking extra tens of thousands in my pocket annually, I'll pass on juggling all the details. Maybe at first it would be "worth it" to maximize income and get things going, but after a certain point once you've got a good amount coming in I would ditch the stressful stuff.

Post: Newbie concerns/questions

Michael KubitzaPosted
  • Houston, TX
  • Posts 5
  • Votes 0

John ChapmanThanks all for the welcome and helpful information.

Not much time right now so I'll get to it.

David Gellner:
I could potentially go either way, however I think buying rental property would be the way to go for me as I am looking for long term monthly income rather than lump sums from flipping. I like a to have a routine such as knowing rent checks will arrive monthly etc. So early in the game though, I have to do much more reading.

Ned Carey:
I am new to both, so yes I know it would require some time to get familiar. I would just assume with rental properties, after things are set it would be the easier to the two to manage overall. Regarding the "seeing returns in under 2 years" I cannot recall what the circumstances were, although the statement seemed very unusual even to me knowing nothing about real estate so I more or less ignored it.

Ali Boone:
Your method of investing sounds perfect for me. Question for you, is there much difference in what you bring in by having professionals handle most of the deal vs. handling it yourself? It would depend on how much of a headache it would be to handle things myself vs. having professionals involved. I would definitely be interested in learning about the particulars of your method!

John Chapman:
It seems like getting everything set up could be a major hassle. I don't even know how long the list of things needing to be set up is at this point, I have some reading to do!

Chris Clothier:
Thanks for the good word about Ali Boone. I just went through with a different type of short term investment I was iffy about at first until I got some confirmation from other sources, it helps!
I will definitely be in contact with her and keep my ears open. If you do come across any investors etc. in Houston please do let me know, thanks!

To all:
I am open to partners etc. as well.

Also, can anyone provide some info as to how to do the "@Name" etc. in your posts, and other general forum features?

Thanks again!

Post: Newbie concerns/questions

Michael KubitzaPosted
  • Houston, TX
  • Posts 5
  • Votes 0

I have been considering getting into real estate investments for some time now as I live in Houston and the population has exploded in recent years.

I will have a bit of extra cash later this year which I would like put to good use (10-20k roughly). Most likely more, but starting off small would work best for getting my feet wet.

I am leaning towards rental properties which would be basically move in ready. Basically move in ready meaning maybe it needs $5000 or less for any cosmetic fixes, new appliance(s), or the like.

Flipping doesn't seem like the route for me as I have no construction experience, therefore labor costs would offset most of the gains...or am I wrong?

Can anyone offer some insight on how much effort/time it takes to oversee a rental property vs. overseeing the flip of a house? I would think dealing with a rental would be less time consuming unless you have a bad tenant or a problem with the property itself. On the other hand, how much
money/time/effort does it take to deal with any legal matters associated with having lease contract drawn up, screening tenants, etc? I've read about people having a PM for all that, but haven't looked into the costs. Time is an important factor as I work anywhere from 45-60 hours a week.

I have heard/read somewhere that ideally someone investing in property would want to see returns no more than 2 years later. Any thoughts on this would be appreciated, 2 years seems rather short to me.

Specifically anyone in the Houston area who may be interested in mentoring, but all input will be greatly appreciated!