Just made offers on a portfolio of 12 units of which 6, a fourplex and a duplex, we are planning on doing with our Self Directed Accounts.

HOAs are good for the community if they're managed well and if you're the type to purchase several properties and you want to target this community I would recommend becoming involved in the Board.

I have built a retirement account of roughly 70k and have approximately 15k-25k in equity in my house currently.  

I have a lot left to learn, but I am excited to start getting involved in the community! 

When I account for 10% vacancy, 10% repairs and maintenance, 10% CapEx and the numbers above I end up losing money every month.And I know I could argue that I don't need to account for capex/repairs and maintenance as it's completely rehabbed, but I have the understanding that the deal should cashflow anyways with that accounted for.

The case can be assigned to the buyer and if the tenant did not move when agreed to, it could be enforced by the new owner.Then again, if the tenant gets wind that the property has sold he may bring a defense to court that the old owner can not maintain the eviction and the case could be thrown out leaving the new owner to start over.I am involved in one right now representing the seller.

We have been using creative financing options to this point in order to maximize opportunities and due to limited financial resources of our own.We have what seems to be a great opportunity to buy a triplex in Salem, Ohio via seller financing; (my husband and I analyzed the numbers, taking into account cap ex, possible vacancy, management, etc. and it is a great opportunity numbers-wise.) 

Are you involved or have considered joining a REIA?

Account Closed Lets Connect

If you are trying to get involved in Real Estate this is the perfect place to start.