All Forum Posts by: David Smith

Single family rental has no good return in high tax state. Just sell and buy multi family rental properties. 

What is landlord boot camp?

Now I am managing 10 units myself.  Not too bad. 

Different prices with different locations and strategies.  What is your budget !?

right on. 

cash flow is #1.    Will not buy negative cashflow.. still repair cost can vary. 

also around NY area, appreciation is equally or more important than cashflow.  20% value increase is common.  

seeking mix use or multifamily with stable HIGH rent income per unit in tri-state.  I prefer less units with higher rent  THAN more units with each unit at low rent. 

1. 25-30 % down payment is enough?

2. self manage or pay management company. 

Maybe will just get 4 family with each unit $2500 monthly rent.

Need a real estate  cpa for Bergen/Hudson county 

Move in condition.  Has electricity and heat on.  Water is off.   

if rent control applies , they donot need to move.  Also $1700 is not bad. 

2 family in Bergen county in perfect condition.  Water is winterized. Maybe no gas for cooking.  It has electricity and heat on. 

Plan to buy in an LLC.

My long term lender only lends to non-LLC.

SHALL i reach provident bank, credit union?  I need long term lending relationship.