All Forum Posts by: Shimon P.

@Łukasz Juraszek

Rent $2,500

Managemant - 7% = $175

Maintenance - 5% = $125

Repairs - 5% = $125

Capital expense - 5% = $125

Taxes - (my area..) = $300

Insurance = $175

Debt - (depending on rate) about - $1700

Total expense including debt = $2,725

NEGATIVE cash flow $225 monthly

Buy 2-3% MINIMUM!

@Keith Shadle

Hi

Can you explain the $15,000? The title company held it for what purpose?

Thanks

Would you by a property that only has Insurable title and not Marketable title?

Property has a defect in the chain of title, there are no liens or claims against it, just a miscorrect description of property address in a previous sale and title company is happy to insure.

My question is, how much harder will it be for me to sell this property?

Would you as an investor buy such a property?

Hi

I am a remote landlord and have a property manager who goes out and views potential deals and gives me insight on the deal and area etc.

What is the usual compensation for this work?

Should he get a percentage at closing?

Or a set fee per deal?

Would love to hear what others are paying.

Thanks

Hi I will be purchasing my second property soon, should I be opening a second LLC? What are pros and cons?

Hi Closing on a deal this week, a property with student housing. Here’s the issue, been calling insurance agency’s and been getting VERY high quotes being that the tenants are students?!? Anyone having this issue?

@Leo Poon Hi It’s twelve one bedroom apartments One student per apartment

Hi I am closing this week on a multifamily student rentals. Any tips? What should I look out for? Thanks

@Stephanie Jacobson Where can I find the BU bus map?

Hi I am in contract on my first purchase in Binghamton area, a multi family in Johnson city near medical university. I need advice!! 1. What rent can I expect for small 1 bedroom apartments approximately 400 sqft? 2. What is the going purchase prIce for small one bedroom apartments In multI familys? 3. Which areas should I avoid? 4. Is the student rental market strong near the Medical university? 5. Looking for a GOOD honest property manager, any suggestions? Thanks