All Forum Posts by: Saad Handoo

@Steven Wilson Yes the goal isn’t to make a killing on cash flow but to have steady cash flow, solid appreciation, with less maintenance and generally less involvement on my end

@Jingru Sui It’s actually in Cincinnati but I reside in Atlanta and manage my other property remotely. I was under the impression the rental property calculator is forMembers Only?

Hi all -

I currently reside in Atlanta and have invested in one out of town rental property in Cincinnati. I bought it from an uncle in early 2016 for 104K and it rents presently for 1275/month (the rents are undervalued but I have a resourceful tenant who does a lot of property repairs an upkeep on the property without charging me).

The time has come for us to purchase our second rental. My request was to stay in SFH category because I am an out of town investor and would like to keep management costs, turnover, etc. to an easier level.

He is offering a 3br 2ba SFH for 220K that rents for $1940. Its had a stable tenant in house for around 4 years. Any help on deal analysis, and whether this would be a profitable venture would be very helpful to me.

I had a tenant violate the terms of my lease by keeping a pet on the premise. The pet happened to be a pitbull who jumped my fence and injured the neighbors dog. I live in another state from my rental property and received a letter from the neighbor essentially putting me "on notice" so that they have a paper trail in place if the issue arose again and they needed to take legal action. They claim the tenants to be hostile people and that the dog has attacked other dogs and upset the whole neighborhood. 

I've confirmed through an inspection that the dog is no longer on premise and has been removed. Should I go a step further and tell the tenant they have 30 days to vacate my property otherwise they will face an eviction?

Would love everyone's thoughts. My inclination is to remove the tenant but who is to say the next one won't have some problems associated with them as well. 

@Scott Steffek Thanks for the information what are some of the Northwest Indiana suburbs that I should be keeping my eye out for?

@Jeff Dulla Do you mind disclosing some of the neighborhoods  when you refer to the "Cook county suburbs". Thanks!

Hi folks-

I am looking into purchased my second rental investment home. My first one was a SFH in Cincy that has been doing fairly well for 1200/month rent on a 104K property. I live in Chicago but manage it remotely and it has been exceptionally easy and cash flowing solid for me.

For my next deal I figured I would do a Duplex to realize stronger Cash on Cash on returns. Since it is a Multi, I figured I would try and invest locally since their may be a few more headaches. Since the city is fairly pricey, I've been looking in the burbs. Joliet, North Chicago and Waukegan have been where my search has been centered around. 

I find solid properties on the MLS but their property taxes are Exorbitantly high (at times around 6.5%). Any one have a clue where I can get cheap Multis in Chicagoland with low taxes?

It came up on my Facebook feed and I looked into it more closely. They seem to simplify the home investment process, allowing people to invest in homes passively without all the hassles of Landlording and what not. 

Anybody know what the limitations/benefits are of a vendor like this?

This would be my first investment home purchase and I'd be looking to go with a buy and hold investment strategy. 

Hi guys-

I currently reside in IL, want to buy property in NC, and establish an LLC with the lowest initial filing fees and annual statement filing expense. From my conversations with LegalZoom one state that has a low annual statement filing fee is the State of Michigan (something like only 50 bucks to file their annual statements per year). This is much cheaper than the exorbitant $500 filing fee IL has.

LegalZoom will take care of having a registered agent in another state for me. So that should not be a problem. 

Any real estate attorney's know whether this is something I can legally do?

Thanks Paul! Since I am a newb - not entirely sure how the line of credit option works? Is it taking out my equity in the other properties to fund a new one? Wouldnt that raise the monthly expense of the other properties and diminish their cash flow?