All Forum Posts by: Steven Mitchell

I see what you mean. Thank you for the giving me your opinions on rental applications.it should have been phrased better on my part. However, no one has answered my original question, when should I make these documents (rental applications, leases, tenant screening, etc). So should I make these BEFORE getting my first rental property or AFTER? Any additional input would be appreciated! Steve

Hello All, 

Should I make my rental application before or after I get my first rental property investment? I understand there will be unique aspects of each rental property that I will need to fill into my application but not sure when to make these document . I have been reading Brandon's book on property management, landlording on autopilot, and every landlords legal guide to get my knowledge base down. Any guidance would be helpful. Steve 

Realized I misread the post, didn't realize you put about notes. So my information my not be as helpful

https://youtu.be/T_7vhsSBi7c This will help with analysis part. Much more information is need in order to say it's a good or bad deal. Things to consider into the equation are cap ex, property management fees in your area, vacancy rate, how much you put down on the investment, how long of a mortgage, insurance, whether you pay electric/gas/water vs your tenant, annual taxes divided into each month. Consider looking into a pro membership for the rental property calculator. It helps to call locally (other landlords, property managers, utilities company's) to see what current rates are for these items. Hope this helps!

Hey all, 

Starting to look at multiple open houses on multifamily for house hacking. What are some deal breakers I should lookout for when attending this open houses? And if anyone knows links on BP regarding this, could you please send them my way. 

Steve 

Hey All, 

Out of general curiosity for this question. In what ways was Real Estate Investing easier than you previous thought when you first started? 

Steve 

Anyone have insight on things I should include in my capital expenditures especially here in Akron Ohio? 

Steve

thank you for all your insight

Hello Akron Investors, 

I'm trying to start house hacking for the 1st time by using the FHA or 203k loans. If anyone in the Akron Area has done this strategy before, I would like to meet you in person. I would be more than happy give you a free cup of coffee for meeting me! If any interest, please send PM to meet up

Steve 

I'm going to house hack in the next several months and going to use the FHA or 203k loan to start my investing. My eventual goal would be to keep reusing the FHA loan multiple times over the next several years with everything eventually be transitioned into my own company. However, I understand that most conventional loans through banks don't want you to put units on LLC and will activate the "due on sales" if you do. So I'm I correct first off? Secondly if that's an issue, how to I put my properties under asset protection?

Steve