All Forum Posts by: John Public

Guys,

I am trying to figure out my post-tax cash flow from my pre-tax cash flow and other stats on buy and hold properties. How does it work again? Please correct me if this is wrong:

From the net operating income I can deduct...
annual depreciation (cost of property divided by 27.5 years) +
total annual mortgage payment +
total annual insurance payment =
after tax cash flow

Did I miss something that I can deduct... or did I add something that I cannot? I'm still trying to figure out all this rental tax stuff.

I'm not yet ready to invest in RE outside the US, but thanks though.

I didn't mean to make it sound as if I wanted to try to outsmart the person. I just was asking which way would make most sellers more comfortable. Well thanks for all the advice guys, this should help. :)

If I have found a property that I like and looks like a good deal. Then I do some homework on it. OK so after that, is it best to play dumb with the seller and ask them questions that sound like I am a regular buyer or someone who has done their homework?

For example should I ask: "If you don't mind telling me, is there a mortgage on the place and for how much?" When I can obviously tell that they got a mortgage for $200k only 2 years ago by looking online. Or should I pose it like "I know there was a mortgage taken out for this much on this date when it was bought. If you don't mind telling me, how much is remaining?"

Obviously thats not the only question I have, but should I present ALL my questions so the seller thinks I know less about their property than someone who has done their homework, or should I present myself as an investor that has done his homework and may know more about the property than the seller himself? And if so, is there the possibility that this will scare the seller into not wanting to deal with me?

Hey Timo thanks for replying,

Unfortunatly, my reasons for being willing to leave my driving range is to buy something that goes for way less than what I can get here. Needless to say just about anywhere in Cali is NOT below the price range for my area. I'm talking more "emerging markets" (or "places no one really wants to live" if you want to drop the euphemisms ;)).

Honestly however, the more I think about it, I think I would like to find something close range first. Then once I figure out how it all works, I will start looking outside my comfort zone. I'm still trying to figure all this out.

Hi all,

I've been an investor in the stock market for a while now but am getting into real estate investing and looking to partner with other investors in multi-family rentals. I have a bit of money but not much experience yet. What do you guys suggest I do to partner with other investors either in my area or in other parts of the US. I am not opposed to the idea of investing somewhere else in the US (outside of Dade or Broward county FL). I just want to have someone help me with understanding the process for doing long distance REI.

Also who here has experience investing (either flipping or buy & hold) outside of their daily driving range? How do you like it and what are the potential pitfalls & rewards? I am interested in hearing other peoples experiences with that.