All Forum Posts by: Chris C.

@Jay Hinrichs fico?

@Julie McCoy but if your mortgage principal is greater than depreciation, then you're still loosing money

Update? https://www.indystar.com/story/news/2019/03/26/fox-and-friends-clayton-morris-investment-real-estate-scheme/3128857002/

@Mike Roy does 1.5 usually work out for a 4 Plex? Even the 1% rule cash flows, but doesn't get 10%+ COC

@Nicholas Munford the difference would be dead equity vs money working for you

@Andrew Wright year long contracts are typical for college rentals. Solely to not leave the landlord empty handed in the summer.

@Charlie Granados why are you doing a commercial loan? You're pay higher interest and do you really want your first ever property to be 5+ units? More power to you if you can handle it just be cautious. Make sure you have MORE than enough reserves

@Adam Widder they know I'm the owner. And they pay me directly. Never had an issue.

@Craig Curelop

I've read your blog posts and j believe you started off with an estimated 800% COC return or something. Then you realized that the sleeping arrangements weren't the best (noisy and you didn't like just having a curtain) so you moved to your own room.

I could've confused you with someone else, so if so, I apologise.

How are things now? Any update?

@Derek Morrison get out and talk to people.

Step one: educate yourself

Step two: network

(Either have lots of money or connect with people who do)

Step 3: find apartments

Step 4: do due diligence

Step 5: if everything makes sense... Buy buy buy!