All Forum Posts by: Tithi Mehta

Has anyone ever used the company called Passive Income MD's Partnered Real Estate Investor Platform? They claim to not be a turnkey company and they want to work with you from start to finish and even help you manage your property. Has anyone used them? What are your thoughts?

I'm overseas at the moment but I do own an investment property in commerce city and I'd lose to attend and meet other female investors. I'll be there end of summer and would love to connect if you plan on doing another one of these in the future.

Thank you all for the feedback.. I will be refinancing the loan in the next few months and funny you should mention David Greene. I've been reading his book and find it very basic. I just finished reading tax strategies and it helped me tremendously when filing taxes this month. This was my first year as an newbie investor and HOLY **** I got 3x the amount back than I normally would.

I also looked at the rentomemter site and my tenants pay an average amount of rent. I will be increasing it when their lease is over in May 2021. They asked me to lower the rent by 20$ which i did but I made them take over their own water bill (which was 100-200$). As of now i'm saving 200$ a month. Refinancing with the rate they gave me (3.5%) will save me 300$ a month which will mean cash flow for me of 100$ possibly more when the lease is over!

Just send out an e-mail saying that there was a back-up due to flushed hygiene products. Ask them to be courteous and only flush toilet paper. No need to go into the details. Say you will take care of the bill this time but next time around it will have to be taken out of their deposits. This way it presents a fair warning!

Back Story: When i separated from my husband we agreed that he would keep the house....fast forward 3 months later and I discovered that he could no longer afford the house because it went to foreclosure and dumped the house on me. I paid approximately 10K and saved the house and got it rented out within a month. I had to save the house because my job monitors my credit periodically and I need to have a clean record. The house is right outside Denver and the tenants are amazing people, the first year i paid 300-400$ a month out of pocket... I paid for management fees and water bill. This year the tenants renewed the lease but i'm still paying 200$ out of pocket. If i refinance My mortgage will lower by 300$ (so i would cash flow 100$) but i will be stuck with another 10K to top off the loan... question 1: Should I refinance? The tenants are also property owners with 10 properties to their name so i want to keep them in the house.. this time they signed a 15 month lease... I'm also worried about raising the rent in fear that they might leave. (I'm such a newbie investor) If i was to raise the rent what justification would i provide? Should i even raise the rent?

1.5 years post divorce I finally have some savings to my name approximately 30K.. i was thinking about purchasing another property in Orlando FL or Indiana before the end of the year. Now i've been reading all sorts of books but i'm lost in some areas. I've never been to Florida... Do I just buy a ticket spend a few days looking for a home and get a property manager there? I've seen homes there for around 150-170K (So 30K might be enough for a down payment with some creative financing) ... What are the best ways to buy out of state? How do people generally go about buying in places they've never been? Also what kind of interest rate can I generally expect if my Credit score is 720? If you've been buying out of state what process do you generally use? What tactics? Any pitfalls I should be aware of?

As of now my goal is to buy before November this year... I'll appreciate any constructive feedback/criticism...

Many Thanks