All Forum Posts by: Michael Lee

An appraisal by an experienced appraisser.

There's really just one question, "are you  current"?

I have approached by Ash Hoss at New Western and he approached me with a Sell and Buy opportunity and l would appreciate any feedback.

I would ask for a copy of the last 12 months of expenses (actual), a NY leases, the foundation condition, the major electrical/plumbing/HVAC, roofing condition, kitchen and appliances, bathroom(s), any heat reservoirs, any outside porches/patios/balconies, fireplace and chimney condition, window condition , exterior siding/brick condition, fencing.

Sell it ASAP!  Next, buy more! Don't think small!

What your out might be missing is popularity in that area or buying a SFH in the first place. Maybe raising money and /or getting a Partnership and buying a multiple units at an apartment complex may have been the way to go. No matter what your contribution is, you can still control.

It is not wise to do that unless it is planned to be short term.  It might  even make the price lower and the closing quicker,. Otherwise, there is what is called debt when you all bills paid including the debt expense and there is a positive cash flow is that could go into your pocket.

You usually have to wait about 7 years to make it worth your while but to the we can kind of mortgage you have.  It also matters if you make any principle extra payment,. The appreciation also matters.  All loans are different.

There is such athing as good debt.  It means when have and all expenses are paid including the debt expense and the property still has positive cash flow.

I'm 62 and I haven't started yet but hope to get started this year.  Unfortunately, when I was 54 I had some medical problems and have not walked or worked for almost a 8 years.  Before then aI owned my own business and I had a Texas real estate broker license for about 30 years and had been a construction mwnqager for about 30 years.  I have been a bigger pockets member for about 5 years and I read about 100 real estate  investment books and watched a bunch of YouTube.