All Forum Posts by: Percy Matsunaga

@Lolita Rogers

In my opinion condos have too much expenses. The HOA's eat up any cash flow you may potential have.

Also, there is no control on the HOA's. They tend to increase every year.

@Casey McCoy

Wow Casey, you really know your state. How long have you been investing in Indiana? Also, are you familiar with the Indianapolis area as well?

@Eric Phillips

Why can’t you just keep your property in CA? You could rent it out and maybe break even for several years. The property is going to appreciate in value. 

@ John Larson 

I agree with Avery! Keep the rental payment separate from the services of the tenant painting the interior of the house. 

Also, it will be a smart idea to have a solid detailed agreement of the scope of the work. 1 miscommunications can damage the tenant and LL relationship. 

@Hanna Goodman

With $200K I would look at buying several SFH.
Try to finance the 75-80% and only put 20-25% down so you have some cash reserves and potential capital for the next investment. 

@Nick Wilkinson

Nebraska!! Fantastic! Keep up that relationship with the bank and hope you go far with the 100% financing. 
Good luck to you!! 

@Zeke Liston

I’m looking in Cleveland OH. I see some properties in Euclid and Maple heights that I may be interested in, but have not found the right one yet. 

@Jessie Victorio

Have you tired to borrow the money? 
lending club? Lending tree? 

Interests might be higher but at least you could get some extra capital. 

By the way, where is the property? And how much $$ are we talking about? 

@Lauren Wilson

You can always terminate your relationship with the Property Management company. 

Have you tried cash for keys? 

I also would communicate with the PM to start a deeper conversation with the tenant about the pass due rent. 
also to inform the tenant that rent is still due, and when this Covid 19 starts to diminish they could be evicted and have a record on their rental history. 
All of this is something the PM should be well aware of. 

But it should be communicated to the tenant so they understand what could happen in the future if they continue the process of not paying the rent. 

@Natalie Kolodij

Hypothetically speaking, If I have properties in 3 different states and live in 1 of those states, would that be a difficult situation to file taxes for me in your company?