All Forum Posts by: David Andreiko

@Josh C. if you'd like more info you can contact me at 909 945-2135

Great SFR Rental property in Great Indianapolis location. Has 3 bedrooms 1.5 baths with a detached garage. Home was fully renovated a little over a year ago. Renters and property management in place. message me if you are interested

Good little single story in Highland CA.  This property is currently being renovated after renters moved out.  Last tenants paid $1750 per month.  after reno could get $1800+.  Desirable location in Highland, ca.  4 big bedrooms and nice flat, easy to maintain yard.  good cash flow/appreciation..

looking for whole sellers to buy properties from in the Inland Empire area. We are an investment company in the area and have cash ready for purchases. Preferably looking for SFR's but we are open to other properties as well

@Juan Carlos Quiroz Zolezzi  thank you for the tips!  no I'm not a beginner but definitely still a novice.  Lunch sometime sounds great.  

Thats exactly where I've been investing.  Currently involved in a spec home in san diego county.  My first venture outside of the IE.  Feel free to contact me. Im always looking for an investment opportunity

@David Friedman

Hello @David Friedman

Seems like we do have some similarities.  Im interested in hearing about your flips.  Do you invest all over the IE or do you focus on the Yucaipa area?

Thank you Robert M. .. That brings my NOI down quite a bit. This November I will have owned the property for 2 years. I believe this gets me out of the short term capital gains tax rate. I'm wondering if it's worth hanging onto til then it if it's just better to get rid of it while I'm ahead and invest in properties with better cash flow?

Hello all,

Thanks in advance for any advice!  I purchased a rental property in Highland, CA in late 2014.  Total purchase price for the home was $238k (cash) with $1700/month rent coming in. (I bought the house with tenants already in and paying.)  I manage the property myself.  

Fast forward to today and my tenants are leaving.  they were perfect so I'm bummed.  my question is:

Should i go out and and find new tenants and keep it going or is my money better invested elsewhere?  here are some stats:

monthly rent:  $1700

Purchase Price:   $238,000

Taxes:  $3000/year  $250/month

Insurance:  $50/month

management (if i decide to go that route):   $140/ month

NOI=$1260/month $15120/year equaling 6.3% return on 238K

I think i could get somewhere between $280-$290k for the house.  needs about $4000 in upgrades to get it ready to sell if i so choose.  Any advice would be greatly appreciated!  happy new year everyone

is this the "kansas city" in Missouri or Kansas???