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21 November 2017 | 25 replies
Good luck on the move hope it goes smoothly.
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10 August 2019 | 35 replies
The purchasing experience went fairly smoothly for me.
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21 November 2017 | 5 replies
Well because I could not commit to acquiring my first property with the remaining time in the year, I’ve committed to analyzing 2 deals a day to post on the forums here.It will allow me to gain knowledge and advice from experienced investors and also give other investors like myself (or soon to be investors I guess) an opportunity to contribute as well.Even if they haven’t done any deals, they may know how to avoid common mistakes while analyzing that they’ve learned since they’ve started on their path to REI.I know it may not be much, but I’m really hoping that others in my position feel inspired to contribute more than the normal “Hi I’m a new investor looking to learn from everyone here on the site” and those more experienced are still willing to share their experiences.Thanks everyone.With that being said:Property #12-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.8k/moOperating expenses (per month):- Vacancy: $190- Repairs/Maintenance: $35- Taxes: $300- Insurance: $133.33- Property Management: $190 (did this at 5% of gross rents because I can manage the property myself but I’d like to set aside a portion in case it makes sense to transition to management).
18 November 2017 | 4 replies
Also, any pointers on how to prepare over this year (or 2) to make things go smoothly on the next one?
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17 November 2017 | 16 replies
Property #22-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.6k/moOperating expenses (per month):- Vacancy: $180- Repairs/Maintenance: $70- Taxes: $295- Insurance: $135- Property Management: $180 (did this at 5% of gross rents because I can manage the property myself but I’d like to set aside a portion in case it makes sense to transition to management).
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15 November 2017 | 1 reply
Seeing if anyone has been through this process and is willing to share guidance/advice on how to make it go as smooth as possible.
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15 November 2017 | 0 replies
I'm analyzing these deals to get feedback on the analyses but if someone is interested, please PM me.2-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.6k/moOperating expenses (per month):- Vacancy: $180- Repairs/Maintenance: $36- Taxes: $300- Insurance: $150- Property Management: $180 (did this at 5% of gross rents because I can manage the property myself but I’d like to set aside a portion in case it makes sense to transition to management).
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18 November 2017 | 9 replies
We have a mid-term plan in place to transition to real estate/freelance type income fully within 6-10 years.
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13 January 2018 | 15 replies
@Carl Brown I think we are starting to see some of this transition in the 63112 zip code.
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18 November 2017 | 4 replies
Most I estimate and manage myself, so I have had to work through many obstacles, and hopefully that experience will help when things don't go so smooth.