All Forum Posts by: Nick Giulioni
Nick Giulioni has started 14 posts and replied 1147 times.
Post: Two Houses for the Price of one in Class D Neighborhood
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
Originally posted by @Mark Millich:
@Nick Giulioni Thanks, Nick. Yes, I'm focusing more on the cash flow for these particular properties. However, overall, I am looking for properties that would have a good equity increase and ones that I could trade up. This deal just sounds decent considering the price and potential cash flow. In terms of funding, I would be going half on the properties with a partner for a down payment and then take out a loan.
Do you know of lenders that will go that low for loan value? Most won't.
Make sure you have significant reserves to deal with issues. You likely will have them.
Post: Landscaping and lawn maintenance: what to do???
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
Originally posted by @James Wise:
Originally posted by @Nick Giulioni:
Generally speaking a property manager SHOULD be doing this type of routine maintenance scheduling for you. I emphasize the SHOULD here because I’ve seen some bad property management companies.
If you are looking to hire out management, you should definitely make sure that they have systems for this.
Not sure why people think that there are property managers out there that avoid doing this work for their clients. This type of work is a revenue source for the management company. A more accurate concern would be that the owner doesn't want to pay for the services. I mean I've never seen a pizza place try to avoid selling pizza's to their customers. Same thing here.
I've had several bad experiences. Very happy with current one though.
Post: Two Houses for the Price of one in Class D Neighborhood
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
There are no free lunches in real estate. Class D neighborhoods look great on paper but often times are more headaches than they are worth.
I think you need to establish what your goals are. Is cash flow your top priority? If yes, then these could be fantastic. Truth of the matter is that you are likely to struggle to finance these properties. Do you have the cash to leave locked in for the full purchase price?
If you are looking for an equity play, this is likely not going to see much appreciation. If you are looking to trade up in the future, I would look at higher end properties.
Post: Landscaping and lawn maintenance: what to do???
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
Generally speaking a property manager SHOULD be doing this type of routine maintenance scheduling for you. I emphasize the SHOULD here because I’ve seen some bad property management companies.
If you are looking to hire out management, you should definitely make sure that they have systems for this.
Post: Almost 500 houses ----> Multifamily
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
Originally posted by @Jason Bible:
Originally posted by @Nick Giulioni:
Thanks for your willingness to share! Did you ever hold SFRs as long term rentals?
Yes, typical hold time was around 2 years. We did not keep that many.
-JB
Did you 1031 or eat the capital gains?
Post: Almost 500 houses ----> Multifamily
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
Thanks for your willingness to share! Did you ever hold SFRs as long term rentals?
Post: Can you buy REO's using Private Money?
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
Why would they have an issue? If your private money is rock solid, they should be ready to jump at the opportunity.
Post: Seller Financing in Burbank, CA and should I add central air?
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
I don't believe you will get the full $10k back - but I would list is as an option to who you are selling it to. Can't hurt to throw in a sweetener.
Regarding your second point - I don't see an issue unless you are afraid of the due on sale. Considered doing a master lease option?
Post: Has anyone had tried PrivateMoneyGoldmine.com?
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
I would love to know as well.
Post: newbie ready to dominate
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
Welcome to the community!