All Forum Posts by: Diego Lopez

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*This link comes directly from our calculators, based on information input by the member who posted.

*This link comes directly from our calculators, based on information input by the member who posted.

 Could you explain further?

It's definitely crazy to think that people can say these things to others. I wouldn't wish those words upon my worst enemy, much less a person who I don't know on Youtube. That's how people are nowadays. Once social media became popular, people became more ruthless through the web. 

As a landlord, you have to take the good with the bad. It really is about the money, but it's also about providing a "home" to the tenants you put into your properties. This is why the process of screening tenants is super important. If you want less hassle as a landlord, then don't allow the first person who shows interest in your property to rent from you. Find tenants that are educated, responsible, and meet your requirements. You have to remember that this is a BUSINESS but you also have to remember that it takes relationship building to run a successful one. 

That's great news @Alex Deacon. Thanks for the info!

I won't be inputting the ROI numbers on this post but I have a lead for an off-market deal. I was offered 2, four-plexes as a package deal, for 385k. If I were to buy these as a package deal, would I need to use a commercial loan? Would it be better to ask if they could be sold separately so that I could purchase them using residential loans instead (only way I could afford them without bringing in a partner)?

It definitely looks like something i'd live in! Thanks for the info. Not sure why our RE agent said that our taxes would double if we turned the single family property we just purchased into a duplex (its in r-3 zoning btw) @Blake Anderson

Hey @Blake Anderson, how are things going with this property? I've got a question about taxes on this property..did they double when converting from a sfh to a duplex? Or did they stay the same?

Just wondering where all of you rehabbers and house flippers find the best deals on materials in your local area? Do you choose to go to the big box stores or smaller home improvement chains?

I agree with your first post @Brian Beadle. It all depends on the the investor though. Personally, I plan to do this in the future since I love the entrepreneurial aspect of real estate investing. Managing my own properties and building systems/processes to become the best hands on property manager will help me jump into creating my management company to where I'll be able to offer the same quality service to other investors who don't want that responsibility.