All Forum Posts by: Mike D.

If you wanted to add a unit to a property would you value it the same way you would value any other property?(50%, 2% rule)

Does anyone add units to their properties, like basement apartments?

PS.. I am a complete newbie myself. I haven't even done a single deal yet so take my response for what it's worth.

I think it would be interesting to see pictures of investment properties in different areas of the country, as well as the supporting info that goes along with them, price/rent.

This way we can get an idea as to the quality/type of properties that are associated with different price ranges in different areas of the country.

Thats all good to hear! I figured eventually the foundations or structures would weaken. Glad thats not necessarily the case, atleast not in the immediate future. Thanks to all of you for responding.

Say a house was built around 1910 and is in a college/low income area, so it takes a beating. How much longer can these houses really stand for? Won't they have to be torn down soon?

Thanks for the quick reply..aside from the reasons you gave, working for a REI firm would leave me more time to obtain properties and work on forming my own business. Working for a cpa firm would probably have me logging 60-70 hours per week. The advantage I saw from working at a cpa firm would be the knowledge I would gain of the tax code and how to take advantage of it.

As someone who is about to graduate college with a degree in accounting, what path would you suggest taking with the end goal of owning/managing a real estate investment company?

One option is starting at a cpa firm and trying to specialize in the real estate department. The other option is to go wok for an accounting department in an established real estate investment company.

I can see both having advantages and disadvantages, so I would like your opinions on this. For those of you with experience, if you could go back and pick between either of these options which would you go for?

Can you tell me a little bit more about the assisted living investing you are involved in? Why are expenses so low?(20% compared to the usual 50%)

What do you more seasoned investors prefer holding as long term rentals, many SFH's or big apartment buildings. I can see pro's and con's to both. It would be interesting to see your points of view.