All Forum Posts by: Shuai Zeng

Hi All, I'm looking for a new property management for one of my SFH down in S Stpete. Anyone knows a reliable company? I know the big branch is All County, but I heard some not good story about them.

I'm completely lost at why people would spend money on class and workshop, when they can actually use that money and go find deals a bit outside of the expensive city we're in. $8,000 could got you started on a deal, or do a mailing list of some kind. Stop investing time in workshop, and actually go out and look and work for deals. Best experience is hand on training, and not some workshop making you go back to pay for free information online. 

Yep.

Private message me if your located at Clearwater FL area. Need you to pick up something for me at costco, and deliver it this 33705. Will pay both purchase, and your time for deliver. Quick errand job. 

Then I would suggest sell it, and buy that duplex. Instead of paying full mortgage, half of it should cover you. You don't have to worry about HOA either even thou it's only 200. You can also keep a "Close eye" on tenants.

So, lets look at your numbers before you go ahead. Also are you going to move into another home?

1. Sale 

-Capital gain?or 1091 which you'll be purchasing another? which if doesn't work out as 1091 then still capital gain I think. 

2. Rent

+1550 Rent (If you can get it rent that price)

-950 (Mortgage)

-220 (HOA) I guess it's not included in the mortgage the way your telling us.

-150 Property Mangment fee (10%??)

-120 Landlord Insurance.

Now, I'm guessing your around 20-30 year left on the house? If HOA ask you to replace anything or ask for money to repair something for the "Community" that would ditch you deep into the negative. 2400 a year, is not worth it with your mortgage price of -950. Now, if your like me with around 3900 cash flow, and mortgage is only 450. I say keep it. Mainly is your mortgage value too high. Just my 0.02.

So my suggestion is sell it, and use that money to get into a SF, or mulit. HOA are evil........

 Tsk tsk tsk. Did you do research before buying a home? I'm not talking about market research. It's call due diligent. When you submit the contract, did the seller says Sell As Is? If the inspector says no power, you should have called the seller and have them turn on power and water. Tell them to also pay for the inspector return because no power. Seller does not have to put out in writing anything to make their value of house go down. It is your "responsibility"  to check every aspect of purchase. If your pointing fingers, maybe check the mirror first?

Another question came up. The electrician told me that he would not do the 1099 or W9. Because I bought the deal through angies list. So any suggestion?  

Look nice. Just wondering, what's the price on it, also some pic for inside?