All Forum Posts by: Sinil Kim

@Thomas S. it’s almost impossible to make a positive cash flow in NYC area. So I found the property in NJ Relatively it is cheap but still not easy and I want a property that I can manage. So I bought the property.  It’s relatively good deal but as u said, I will think about not holding long term. To make positive cash flow,I need to invest in different location. Maybe there is better strategy but I don’t know yet. I got to learn. 

I need you guys advices

@Shawn Ackerman if i receive current rent, obviously it's negative cash flow. When I get the rent as current market value, I would get around $200 cash flow. 

I am thinking about renovating the house too. can I make that excuse to make them move out?

it's my first investing property. So I don't know much about being a landlord.

@David D'Errico @Alex S.  

just give them a notice and increase rent or ask them to move out. it's fine. 

does all houses have like rent control? or only certain house have? 

Hi Guy I have a question. I need your opinion. I just signed on legal 2 family house in New Jersey 2 bed 2 bath. Listing price was $380k but I signed on $315k. I need to keep the 2 tenants till closing date. That's a part of my deal.  Rent for each unit is $825 but rent in the market is around $1,250-1,350. The rent much lower than the market. Owner didn't increase rent for years. Lease is "Month to Month"
Can I increase the rent as much as market value? Or I should ask them move out ? and have a new tenant I asked my attorney and waiting.
As the same time, What can I do?

Thanks 🙏 

@Tom Ott concise answer. it's helpful. 

I found out so many bad reviews about what turnkey companies' work.

I need to keep researching for all possible investment models fitting for me.

I want to buy a property close to nyc

The property value is less than 200k.

any suggestion ? 

I am thinking about buying a property thru a turnkey company.

But I am wondering Why Do turnkey companies sell properties instead of holding If it's profitable?

Thanks

@Jaysen Medhurst Thank you so much for your information.

I just started looking for a property and study. 

It's really helpful for me.

View report

*This link comes directly from our calculators, based on information input by the member who posted.