All Forum Posts by: Nakia Addison

@Shiloh Lundahl

I rather 10k a month because it automatically covers all my current living expenses. Aside I would have extra for cash reserves. I prefer passive income so 10K works for me.

@Joel Calkins thank you! That works!

I have a high interest in multi family real estate investing. Before I actually purchase my first investing property. (Duplex or Quadplex)How much cash reserves should be set aside? I ask this question because during the pandemic I heard of landlord stories in which tenants aren’t paying their rents and unfortunately landlords are left in difficult financial situations.

@Basit Siddiqi thank you! I will do so furthering my research.

@Mitch Messer thank you for the advice. I will fix that in my profile.  Las Vegas Area is my region

I’m looking into properties within my city that are deemed opportunity zones. Has anyone purchased an investment property within an opportunity zone and if so are there any perks in doing so?

@Taylor L: Thank you for this info. I had no idea about the Estoppel Agreement. Literally I'm learning something new daily in reference to real estate. 

@Frank Hinck Thank you so much for answering my question. 

How does a new landlord proceed with existing tenants upon transfer of ownership of multifamily property? For example do existing tenants sign new lease agreement with new landlord? 

@Joseph Cacciapaglia  Thank you for that info regarding purchasing the multifamily properties. I didn't know that a credit is given for the rental income in which allows for larger loan qualification. I'm interested in multifamily properties.