All Forum Posts by: Cody Neumann
Cody Neumann has started 8 posts and replied 393 times.
Post: First Marketing Campaign

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Lance Sakurada
I personally have tried direct mail to driving for dollar leads. So far it has went well.
Post: Fix and Flip with a tenant

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Joseph Arellano
What sort of work does it need? It is very tough to fix and flip a house if there are tenants there.
If you factor in a few thousand dollars to your budget you could offer the tenants that money to move out early.
Post: Appliances - pros and cons of providing

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Jordan Greek
Depends what is common in your area for providing appliances.
It will be an additional cost and you will have to worry about maintaining them but can you ask for higher rent with them.
Also I would worry about tenants damaging walls and doors when trying to move their own appliances in.
Post: Renter qualifications not all there

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@EJ K.
I would make sure she actually has proof of those funds.
Even if she does have it, it could still be very risky.
Ask yourself what happens if she loses that money in the divorce or blows through all of it. Then she isn't able to make payments due to lack of monthly income.
Post: Is there such a thing as adding too much value to a fixer-upper?

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Nikolas Hamon
Yes you very easily over renovate if you aren't careful.
As a flipper you should be looking at comparable sales of similar properties in your area to see what sort of finishes they have.
This can include everything from kitchens to bathrooms to the type of flooring you put into it.
You want to be careful to not cheap out on certain areas too.
Post: Newbie to Real estate !

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Kirsy Martinez
Depending on your goals and current t situation I think house hacking is always a great way to break into real estate investing
Post: When to buy rental houses?

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Mel Park
If it's a great deal and you intend to hold it long term through a crash go for it. Typically rents go up during a recession
Post: Is it wise to put more Down payment for Positive Cash Flow ?

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Kunal Bhatia
If you are having to put that much down just to get cash flow that sounds like a terrible deal and I would walk away unless you expect it to appreciate a lot which is still risky being newer.
I always look at the cash on cash return of my investment. How much you have to put into the deal in relation to how much you get out of it and how long it takes to recoup that money.
I go for 12% cash on cash return.
Post: Jumping right into a bigger deal?

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Ted Caputo
The smaller deals are what creat your sturdy foundation as an investor in my opinion.
There have been people that jump right into bigger deals so it is possible.
It depends on your risk tolerance.
Post: Tow behind camper STR

- Rental Property Investor
- Surprise, AZ
- Posts 405
- Votes 179
@Mike B.
Sounds very interesting like it might work. With very good return on investment.