All Forum Posts by: Anne Christensen

I am currently house hacking and renting my basement through my LLC. My personal net worth is north of $1M. Do I need additional projections and insurance to protect my assests or will I be covered by my LLC. If so, what type of insurance do I need? I just finished listening to episode 838 and am now panicked because I don't have any of these other protections set up.

Yep, thanks.  I'm familiar with your homes!  Many thanks for the feedback. 

I totally forgot about the non occupant owner tax.  Thanks for the reminder!

Hi,

I know this area is undergoing development but wondering if anyone is investing outside of Park Circle in the "under $300K" range and getting anything to cash flow.  It looks like there are some properties priced in this range, but they will not cash flow. According to the heat maps, areas to the southwest of Park Circle look like they will be appreciating. Do I take a chance on a property that may not cash flow for a few years?

Also, some of the area is located in Flood Zones and I'm trying to decipher FEMA's flood zone maps but having trouble deciphering the various zones.

Thanks for the advice Eli!  Much appreciated. 

I've been reading several posts about where to look for deals and understand the MLS is probably not a great source. I believe I heard something called pocket listings on one of the podcase episodes last week. What are these and how do I find them? Thanks!

Thanks so much for your reply!  This makes a lot of sense.  

Hi, I am brand new to real estate investing and need some assistance understanding price to rent ratios.  My understanding is that a lower price to rent ratio may indicate a property’s ability to generate cash flow.  That said I am also reading that a higher price to rent ratio may indicate areas where it is more attractive to rent than to buy.  I would assume areas where there are higher price to rent ratios, there may be more rental properties on the market, driving rental prices down.  I do understand this is just one factor in evaluating investment properties, but is there a “rule” or general number for price to rent ratios that indicate a “buy”?  Many thanks!