All Forum Posts by: Sherief Elbassuoni

@Marie O'Brien, RHAWA has a nice summary

https://www.rhawa.org/covid-19

@Christina Greaves, if you have good documentation that you sent tenant instructions for how to set up electricity account, and paying utilities is the tenant's responsibility in the contract (not included in the monthly rent), you can request a reimbursement from tenant

@Haley Jang, you listed the main expenses. Add supplies, utilities, .. and some Misc. 

You may need to get AIrbnb business license based on how you operate the business

@Anthony Phillips, there are some owner finance or sub2 deals out there.

Most sellers want to be cashed out at closing, so deals are not as many as conventional finance deals.

Reach out with any questions you may have!

@Ryan Judah, that is interesting. Most of the times they just trim it.

They typically cut trees if they are planning to construct something (Right of way for a roadway or a High-power elctric lines)

I would recommend you to clarify why they want to cut trees and for sure contact an attorney

 At least initial approval for how many lots/buildings.

We do not want to take approvals too far since some developers want to do tweaks in the interior design based on what worked and didnot work with them in the past

@Julie Nealey, having at at high density will open a lot of doors and opportunities for you.

Some of my clients team up with a developer from beginning to end, and some others prepare plans and permits, then sell permitted lot for way higher than without permits

@Shez Iqbal,

You are on the right track. Keep reading, listening to podcasts, and saving.

Connect and meet with investors here in your local market.

Our local market is providing good combination of appreciation and cash flow if we are creative when we buy (Rent by room, airbnb, rent by room,....)

You will need a pre-approval letter to know your purchase power

@Travis C., sure one option is to keep saving for the 20% down, that said, vast majority of investors are not doing that since opportunity cost may be high, especially if a deal showed up in the next few months. Putting minimal money down isone of the beauties of real estate investing

You are correct Andres, our local market here is expensive. For sure appreciation, and if we are creative (Airbnb, split level homes, rent by the room, ....) we can also get very good cash flow.