All Forum Posts by: Cody Jensen

Hey guys,

How much were you making when you bought your first investment property? 

Did the mortgage lenders give you a problem? 

When you started investing in real estate what did you do when you decided to quit your day job regarding health insurance, life, vision and dental?
 

Thank you 

Hey guys,

if you were to buy a out of state property that you don't plan on going to often at all. You hire a property management company and then what? What do you have to do as a landlord when you had hired a property management company? Do i have to advertise and screen tenants? collect rent, etc? Do i just buy the property & hire management company and then just sit back ?

Not sure what your responsibility would be if you have a management company managing your property. 

Thank you ! 

@Steve I have actually looked into investing in another state as well, though distance  across many states sort of drives me away, though I have and are still considering. My biggest concern with investing out of state is it to keep my properties full and trusting a management company to keep the property looks 100%. It's my mind keeping me in state...

Would love to hear more about your investing out of state. ! 

Any type of multi-families

Hey everyone,

So far I have NO sort of luck getting my hands on ANY properties as of yet in New Jersey. I have been aggressively watching each MLS listing and have made decisions to go forward with getting the property under contract etc asap.

Though, i am always sniped by buyers who never seen the property before. I have gone and looked at the properties MINUTES of it being list on the MLS with No photos, No tax numbers, No rent roll or disclosure of any kind... YET 5 minute after the listing is posted it goes under contract/attorney review.

Most of the time I'm physically inside of the property and it goes under-contract or attorney review...

So far this has happened on 14 properties. 

Am i doing something wrong? Am i wrong for taking less then a day to see if the property has any violations or safety concerns ? What gives? 

Some properties I've walked through, had a waterfall from the roof coming into each unit ! Goes under-contract as im watching the water running down the walls..

I honestly don't understand how you can buy a property without looking or at least doing your diligence before making an offer.

Am i doing something wrong???

Hey everyone,

What is the most common problem you deal with with managing your 2-4 unit properties regarding tenants? 

Tenants fighting with each other? 

Tenants not paying rent?

Noise? 

Looking forward to your experiances

Hey guys,

I'm doing numbers on some properties and i know that most say to deduct 3% for vacancy. Where do you take that 3% from ? do i deduct the total annual rents? or monthly revenue coming from that specific property.?

Thanks

Hey guys,

Im wondering what type of numbers do you look at per year when evaluating a property.

How much money do you shoot for to earn yearly after mortgage, taxes and insuranve paid (not including other variables) $10,000? 20,000 ? 

Or do you only focus on CAP rates?

What are your thoughts. 

Thanks

Hey everyone, 

I've heard from some multi-family investors that a property with a FLAT roof costs more to insure then an home with a sloped roof? 

Is this something you believe is true? Or have experience with ? Myth or fact? 

Thanks