All Forum Posts by: Avi Garg

Will Gaston As mentioned above by Tyler, charge a management fee. My business partner manages the unit so we decided that he will get a management fee outside of the partnership split (before we split the funds).

@Sean Fisher Your offer should be based on actual rents 

Stay safe everyone. I just spend $$ on my rental in Baytown to get it ready to sell and it was in escrow. Not sure what condition it is in now. Will have to fly in when things settle to evaluate the condition.

Brian Stewart add me to your buyers list for 10+ multi family buildings

@Erin Shirey my previous PM agreed to help out with the fixup and used their team for fixing everything.

@Nick Gray I am conservative and tend to not put all my eggs in one basket .. so I do put in a little bit in the 401k/Roth 401k/IRA (take your pick) every year .. This also depends on your salary, house prices in your area and the type of REI you aspire to become ...

Remember you can also take a loan from your IRA (not the full amount though) if premitted and before anyone else says it, yes you will be repaying it back with after tax dollars but I think of it as you will be using after tax dollars if the loan was not there so why would this come into picture (maybe I am not getting it) ...

@Vitaliy Merkulov Take the $100k and house hack a 3/4 plex in the new city you are moving to with a FHA 3.5% down loan .. this will help you force appreciation and not use any hard money or 203k loan .. after everything is done, refi a year later to cash out and do it all over again ..

Diane G. You need to understand the cap first ... at the advertised rate of 7.75, the NOI is 93000 on an annual rent of 120000 which is too high. You need to dig deeper to see how they came up with the 27000 expenses and what is missing. Don't take the advertised numbers on face value.

@Josh Williams Send me more info as well. [email protected]

Jay Hinrichs Add one more .. Internet Explorer