All Forum Posts by: David K.
David K. has started 34 posts and replied 137 times.
Post: Deal analysis in layman's terms

- Investor
- Attleboro, MA
- Posts 137
- Votes 51
Here's the quick way I've done things...please feel free to shoot holes in my quick, non formal calculator for investment property.
I put down 20-25% down. If the property is a 3 family and the rents of 2 units cover the cost of all the fixed costs i.e. "mortgage, tax, insurance, water, sewer" I figure its not a bad deal....
fire away!
Post: 3 family hallways

- Investor
- Attleboro, MA
- Posts 137
- Votes 51
Hey Guys-
I've got a 3 family hallway (3 levels) that hasn't been messed with in awhile. There's some peeling paint, cracks in drywall etc. Painter wanted $1500 to fix and paint. I'm thinking I can do a less than stellar job by myself in two days. Won't look as good, but nobody even bothers to vacuum the areas, so I'm thinking why spend the $$$......thoughts?
Post: Where do I "stack up" against other investors my age? 6 YR PLAN

- Investor
- Attleboro, MA
- Posts 137
- Votes 51
Nice work! I'm 37 now, tried doing the same thing at your age. Problem for me was the market skyrocket in such a short time, I was priced out. I'm liking your paying things off strategy. That way you'll never really overextend yourself.
Post: rant on investors taking advantage of newbies

- Investor
- Attleboro, MA
- Posts 137
- Votes 51
Everyone is looking out for what's best for them, that's Capitalism!
Post: CASH FLOW BABY TELL ME ABOUT HOW MUCH YOU CASH

- Investor
- Attleboro, MA
- Posts 137
- Votes 51
Paid 90k, put 15k into it and a few weeks of labor. Refi'd, got all my money back and a little extra. Net $1050 monthly when fully occupied. Key for me is using zero of my own money in the end and still having a healthy net.
Post: Recommended color for hallways in rental property?

- Investor
- Attleboro, MA
- Posts 137
- Votes 51
I usually like to paint everything one color in hallways. I haven't touched one in a decade and want to do it over. Looks like some sort of light blue......
Post: Advantages to Paying Cash

- Investor
- Attleboro, MA
- Posts 137
- Votes 51
If the house is something sought after by others all cash no contingency with a quick close will get you the deal 9/10 times.
Post: Paint for Rentals

- Investor
- Attleboro, MA
- Posts 137
- Votes 51
Personally I never skimp on paint. Painting a whole apartment how many gallons of paint are we talking about....10? I paint all the walls one color and all the trim another color. Takes one coat with a good quality paint!
Post: Paint for Rentals

- Investor
- Attleboro, MA
- Posts 137
- Votes 51
Personally I never skimp on paint. Painting a whole apartment how many gallons of paint are we talking about....10? I paint all the walls one color and all the trim another color. Takes one coat with a good quality paint!
Post: My First Buy and Hold

- Investor
- Attleboro, MA
- Posts 137
- Votes 51
Great start, wish my first went that well!