All Forum Posts by: Adam Harper

@Kent Clawson 2% tax of mid $500k is $11k a year. Its 2018 tax is shown $7k. It’s a big jump.

@Daniel Winsor thank you. I did include $250/mo for insurance.

@Kent Clawson I paused when I looked at the county records. It’s appraised for almost half the asking price. And as I understand the new tax will be 2% of the asking price.

@Kent Clawson thank you. $300 for entire 4plex. I’m putting away all funds $450 for capex, $450 for managing ( not sure how I’m gonna do it since I’m OOS), $250 for repairs, $300 for utilities for certain units.

Would you do it? I’m looking at a 4plex in south Florida with 100% occupancy, in mid $500k, very high property tax. After running the number, I came up with $300/mo CF. Is it worth it?

@Matthew Irish-Jones, thank you for the advice! I have read many blogs and articles about the pros and cons on this issues. I’d say 50/50 divided. However, I side on the licensed. I hate to approach something and not fully understand or blurring the lines of legality.

@Joe Villeneuve, I’m all ears!!

@Brian Garrett, I’m being conservative, lol. Show me the money, Brian!!

@Courtney Johns, anywhere. I know NYC is impossible.

I’m a wannabe investor with plenty of time and 200k in cash. I’m open for all opportunities in real estate investment. Looking to invest my cash and collect $500 monthly cash flow. Is it possible?