All Forum Posts by: Ashley Kehr

@Nia Laing my sister purchased her first property at 21. A duplex. I gave her the 3.5% down payment. In return I’m on the deed with her. She is the only one named on the mortgage. The other tenant pays her mortgage and escrow. She pays water and sewer then her own utilities. Not a bad deal for her living rent and mortgage free plus building equity in the house. When she decides to move out we will split the rent proceeds from renting her unit and eventually split the sale proceeds.

@Brandon McBride have to agree, great advice from

@Robert LaPrelle. There are also a lot of high yield savings accounts out there for your reserves. You can find at least 2.3% at an online bank or 2.02% at a local bank. It’s at least something for cash that is sitting.

Hi Joseph are you able to change the structure of your financing to better suit the deals? For example I have done interest only seller financing for a year while I did some rehab and that kept my holding costs low until I refinanced at the new appraised value.

Thanks for sharing David. I currently self-manage but in the future would like to have a property manager. When my kids get a little older I want to be more passive in my business. Good luck on finding your next fourplex!

@Michael Ablan I’m also from NY and my attorney has advised me that I can require a note from a licensed professional before waiving the pet fees. I’m still waiting on the note from the last person who said they had an ESA.

@Miguel Anaya yes it would be one year for California. The amount you can borrow may vary from state to state but FHA is a federal program so a lot of the requirements are the same.

If you use this link you should be able to get to it. 

https://www.biggerpockets.com/forums/completed-deal-diaries

I usually don't answer then listen to their voicemail. One time it was an actual emergency with flooding water that needed to be pumped so I called them back. Any other time I get a call after 7pm or before 8am, I wait to call them back. I try to run it similar to if I had business hours. Most of tenants text me or email me, which is a lot more convenient. 

 Hi Samuel. If you go to the forums section for completed deal diaries you will find a lot of examples with that information.

Hi Lonnie. I would find out what your new monthly payment would be depending on today's interest rates. 3.25% interest will be hard to beat. Run the numbers and make sure your new monthly mortgage payment won't put you at a negative cash flow.