Kenneth LaVoie
Need to hear from actual property managers
2 August 2018 | 3 replies
My thought was to offer her 4% or hourly rate with 4% max gross income for Fielding calls (maintenance, emergencies, questions re policies, complaints, etc.)Inspecting units (bi annually, more in questionable situations)checking for leaks twice per year (part of inspection, putting blue tabs in toilet tanks, etc.)driveby's once per week (check for trash, exterior problems, etc.)We would do everything else.
Jordan Lynam
Cashflow formula for an owner occupied duplex?
30 July 2018 | 2 replies
Hey @Jordan Lynam ,In an Absent Owner situation, most investors aim to collect $1,000 of rents per $100,000 of property they buy.Since you are wanting to cashflow while living in one unit, you have to raise your rent requirements to roughly $2,000/month per unit per $100,000Those kinds of rents are incredibly difficult to find, in a neighborhood that you want to live in.
Marcus Alig
Finding a Realtor when you have friends who are Realtors
1 August 2018 | 7 replies
If they are all equally qualified (areas covered, knowledge about investing, etc) I'd tell them all that I'd decide with a series of coin flips and I'd tell them that you're doing that to avoid damaging the relationship that you value so much.It's a hard situation, but if you're upfront with everybody, you should minimize the chances of hurting your friends.
Mike Greenwood
Investing while renting?!
30 July 2018 | 3 replies
However in my current living situation I don’t believe either of those would be a good option to start with.
Logan Woody
Newbie from Fort Worth, TX
31 July 2018 | 5 replies
It's been amazing and has allowed me to live a life that I've always dreamed of.What's your current rent/living situation?
Blake M.
Multi-Fam with Residential Zoning - Would you buy?
1 August 2018 | 5 replies
I have a triplex in Fishtown that had a similar situation.
Yoribaldis Olivo
Moving to Hartford, CT. Buy or rent short-term?
20 August 2018 | 11 replies
Given my current situation, probably the higher price tag may not be worth it.
David S.
When is enough enough? FINAL THOUGHTS/UPDATE
31 July 2018 | 6 replies
Had you worded it as more of a "moral" situation I think people wouldn't have gotten so defensive.
James Allen
Are we heading into the next Real Estate Market Crash?
31 July 2018 | 25 replies
That is my belief as the way to handle the situation.
Abel Sanchez
Tennant end of lease agreement
30 July 2018 | 5 replies
The duplexes had tenants already in them and i know its a high risk to buy a tenat occupy property because of the kind of tenants that they can be, my plan is to get rid of the tenants from the back unit and keep the ones in the front, lucky me the front tenants are very nice and clean people oh and they have yet to make a late payment so thats that. but the rear tenants are the people that need to move out their contract expires on September, so my question is how do i make sure they leave on time or what if they cant find another place to move into, do i give them a separate month to month contract with a higher rate, or what is your guys advice on how to handle this situation?