All Forum Posts by: Mike D.

MikeOh,

I've read alot of your posts as well as your blog and I want to thank you for all the information you give out daily. It's a great help to newbies like myself. I noticed from your blog that you go and pick up the rent checks from your tennants in person. When I rented in college my landlord set up a bank account that we deposited the rent into ourselves, which made it easier for him as there was no hassle to go from house to house. Is there any reason you do not do this? Thanks again for your contribution to the boards.

Sorry to take so long to get back to my own thread!

Aly,
I'm from central jersey(Monmouth County). What exactly constitutes a "war zone"? According to city-data.com, Trenton's crime index is a 590 compared to the national average of 320.Thanks for taking the time to respond to my thread.

So what type of people do you usually end up with in your rentals? What are their professions/jobs? I'm trying to gain some perspective on the types of people that make good tenants(I know working class/steady jobs). It just seems that where I'm from(NJ), in the rental markets I've driven around, it seems very lower end. It doesn't seem like the type of place with reliable tenants.

Has anyone here tried to raise capital by buying personal residences at a substantial discount and then fix them up while living in them?

I was thinking this might be an alternative to flipping houses for someone who works full time and doesn't have enough free time to complete the flip in a timely manner. This way the holding costs don't affect you as much since it is just taking the place of your primary mortgage.

Does anyone here do this? What are the down sides?

Hey everybody,

I'm about to graduate college with a degree in accounting. I know I want to also pursue a future in RE investing. I figured I could work in a CPA firm and try to specialize in the real estate group within that firm. That way I would learn things from my job that would be useful in my investments, as well as make a dull career somewhat more bearable.

Just wondering, for those of you who use an accountant in your RE business, what type of accounting firm is your accountant employed at? Small,medium,large?

I'm trying to figure out which type of firms I should be applying to.

Hey everybody,

I'm about to graduate college with a degree in accounting. I know I want to also pursue a future in RE investing. I figured I could work in a CPA firm and try to specialize in the real estate group within that firm. That way I would learn things from my job that would be useful in my investments, as well as make a dull career somewhat more bearable.

Just wondering, for those of you who use an accountant in your RE business, what type of accounting firm is your accountant employed at? Small,medium,large?

I'm trying to figure out which type of firms I should be applying to.