All Forum Posts by: Oliver Fernandes

Thanks amigos, 

Yeah I will definitely put in lots of pictures, clean everything out and make it as presentable as possible. 

Also, for sure I'm putting everyone to see the house at the same time, this way I can build up some hype about it and I also do have a full time job, so there is no time to waste. 

The community is middle class range, so I don't plan on renting out to section 8.

I'll start with the online ads and wait for the response, if I don't get any within two weeks, I'll put up a sign. 

I'll keep you guys informed for sure. 

Thanks, 

Thanks @Ryan Dossey

I appreciate the tip, I'm checking their website right now. 

Hey guys, 

Great news, I'm closing in on my second investment property this New Years Eve, great way to start the year right?

Now do you guys have any ideas or tips on what should I do to rent this out quick?

I'm managing this one by myself, but unlike my first investment property which had a tenant in already, this one is fresh out. 

I'm thinking about putting up pictures on craiglist and the local newspaper, any extra things I should do?

Thanks everyone,

Happy 2016!

Thank you so much for your reply guys and thank you Linval for the articles. I love to read and definitely reading about real estate has helped me a lot, I could not have done it without it. I'll make sure to keep on reading and learn as much as I can. I will focus on those areas, that you've told me and will post updates on this property search as soon as I get them. 

Thanks again for the reply have a good one, 

Hey everyone,

I just wanted to share some of my background, I'm 27 years old, married and the father of a beautiful 3 month old daughter. I'm also an US Navy veteran, having served four years aboard the US aircraft carrier Dwight D Eisenhower. That's where I was able to save most of the money to start this Real estate journey.

Real estate for me unfortunately came in not such a pleasant time since my mother passed away while I was living with her. Looking for a place to start fresh, I decided to buy a house in Fort lauderdale, for $150k cash. Originally being a New Jersey resident, I decided to rent the place out for $1650 a month, since I was finishing up college in New York City and still had a year to go. 

The whole experience started really good until the tenants started making some late payments, however since it was only a one year lease, I was able to work it out with them and everything got squared away. 

Noticing that the cash flow was there after the first year I jumped into my second property for $60k cash with a tenant already living there paying $860 a month. With expenses and some emergency money aside in case something happens, I'm still in the double digit percentage return. Now this is not an amazing property, but for that annual return, I think I made the right move. 

Now this year, I applied for a home loan for the first time (not a VA loan yet, I'm saving that one for a multifamily place) I'm currently searching for properties in the Fort lauderdale area. The max I'm willing to go is $140k on a property with 20% down, the mortgage company is charging me a interest rate of 4.75%, which with rents coming in from $1300 - $1500, I'm hoping to make a 6% - 8% return.

Hopefully if everything goes out alright, later on I can jump into another property and keep this one unit per year thing going. I also invest in the stock market just to diversify and have some form of liquid cash in case I desperately need it. I hope to learn a-lot from you guys and feel free to respond back with any tips, you guys can think of. 

Thanks Amigos,