All Forum Posts by: William R.

Thanks Shae, I agree with you and that's why I primarily own multifamily properties. That book was a big influence for me, I should re-read it myself.

Real estate Investments and How to Make Them
Real Estate Advantages
Investing in Duplexes, Triplexes and Quads
Making Money in Real Estate
The Landlord's Survival Guide
And several others that I borrowed

I didn't ask my question very well. If you could get someone to read one real estate book, what would it be?

Thanks for the input David. I need to set some guidelines for what I will invest in. Do you have any hard and fast rules that you use to quickly analyze a property to see if you are intrested or not? I would prefer to manage their property just for the fact that I would have better neighbors for my residents. I feel like all of the cashflow is rougher neighborhoods and the sweet spot is the transitional neighborhoods that are improving.

My wife is supportive of me owning and managing investment property, but I would like for her to be more involved. I would like a recommendation of a book that would peak her interest. The books that I have read that motivate me do not have the same effect for her. Any recommendations?

I am considering purchasing a triplex adjacent to a property that I own. I have started the discussion with the current owner. They purchased the property as a primary residence in 2008 for $185,000. The current rents are about $1750/month including the unit that they live in. Is there any way to structure a deal that I would be able to have an adequate amount of cash flow? I just don’t see the number working out any way you look at it. They are not motivated sellers, but I do believe that they are not interested in being landlords as they have had some trouble with tenants. I brought up the idea of owner financing and they may be interested. Is there any way to keep current financing if the property is sold? Do most mortgages have a “due on sale” clause?
Alternatively I brought up the idea of them keeping the property for tax advantages and appreciation and allowing me to manage the property at a rate below the standard management fee in our area. I have several units, so am comfortable taking on the addition management. Any advice about going either direction would be appreciated.