All Forum Posts by: Tamar Hermes

If you purchased the property and are rehabbing, that is a door you own.  Are you flipping in Georgia?  I am going to start looking for properties in Atlanta.  I partner with flippers by lending funds and sharing in the profits with seasoned investors. Let me know if we would benefit from a connection. @johnteachout

I am asking for a client who owns a condo and doesn't feel like the HOA is being honest about issues with the building!

Thanks for your help!

@Adrien C. Thanks!  I agree it doesn't ultimately matter.  I was just curious about how others are calculating.  I see you are a realtor and investor in Indiana!  

This topic seems like one of the first questions Real Estate investors ask each other. If I include passive investments in syndication, my numbers are significantly higher.  Do you count those units as additional doors in your portfolio?

I think if school isn't for you, drop out.  I would get the Real Estate license and maybe take some classes at a junior college.  You can always go back to school. I have three kids. Two are going to college and the other wasn't interested. Don't follow what you "should do". That never ends well. Good luck and congrats on questioning your actions instead of just following the herd.

@Lee Ripma I don’t know about it and it sounds great. I will look it up now.

Yes! Good news for all of us collecting rent, but it makes me so sad that the idea of thinking about the future isn’t valued. I know several women paying $2k-$4k for apartments only Los Angeles and they don’t want to buy because they don’t like the areas they can afford. I always thought about how I could make money and build wealth. I would live in another area or a smaller house or househack or Airbnb. At the very least, they could buy a rental somewhere else for cash flow. Most of the time they can’t be bothered to save enough money or go through the work to find a place for sale. 

Oh! I didn’t realize you were local. We should definitely connect. I just bought one property out of state and i am working on some hard money lending and I am in syndication deals. I would love more partnerships. 

The duplex is stacked and the bottom unit is the same size. I was told by an attorney that I need to get rid of the newest tenant fIrst. I finally came up with doing a single family so that I can take it off the market. It is sad cause it is her home, but she has lived there for 10 years and i will lose a substantial amount if I try to sell with her in it. I read that she can appeal to stay an extra year too! 

Thanks Lee!  Yes, I am familiar with paying relocations to tenants.  I have actually offered my current tenant $30,000.00 cash to leave, but she declined. It is Los Angeles, so there is a lot of money on the table.  I will read up and proceed with caution. thanks! Do you live in L.A.?  I see your investments are out of state. 

I hope you can join us for the next Smart Female Real Estate Investors meeting. Tax savings often get missed in Real Estate Deals because lots of people don't know about them. Bring your knowledge and your creativity as we look at how to make your next purchase or sale even sweeter. We'll have wine and snacks too! See you then!!