All Forum Posts by: Elvis Vasquez

I think you should house hack but NYC isn't the location and you said you don't want to leave.  That being said, be open to investing out of state, say PA, ABE area.  (Allentown, Bethlehem, Easton).  Become familiar with good and bad areas, the markets.  Get a multi that cash flows to relieve you of your rent payment....but you're going to have to put a lot more down considering your not occupying the property.  Just keep saving and keep learning in the meantime.  I'd advise you not to invest with a girlfriend as it is risky.  What if you break up and have to sell?  Money down the drain from closing costs and hopefully you can recoup what you put into it, assuming you bought right.  It's just risky.  Investments take a lot of effort and typically one partner is more involved than the other which could put a lot of stress on both of you.  I know your antsy but I'd seriously save more $ and do it alone since you're not married.  Now don't run out and get married!!  LOL!! 

I'm sure if I could search properly within the forums I would find an answer but so far nothing. I am looking to setup Quickbooks desktop pro to track all things REI to include BRRR's, flips, etc. I am planning on using either Cozy or Rentec Direct to manage my rentals in the near future but I feel I will still need a more granular accounting solution. There seem to be a few Quickbooks training courses out there from Mike Butler, a number on YouTube, and some more I'm not mentioning but I don't see one that seems to be the definitive go to solution.

Anybody have a suggestions for the best Quickbooks training course or even person?

You are what is wrong with humanity 

So I’m still pretty fresh to the landlord experience and I wonder if somebody might talk some sense into me.

Im having an issue with A duplex in the Sarasota area that is scheduled for rehab but came with inherited tenants.  The tenants that are scheduled to move out on the 30th of June just submitted a maintenance request stating one of their window A/C units seems to have died.

As I understand it, Florida law doesn’t require a landlord provide A/C, only heat (seems backwards for Fl).  I’ve told the tenant that I will not be replacing or fixing the unit since they are moving in a few weeks and I intend to install a mini-split system instead of new window units - Sol i would be throwing good money away (and possibly the replacement unit) upon rehab.

Now the human being in me is a compassionate person and wants to bend over backwards to accommodate every tenant request, the business owner is saying stay the course.  Can anybody provide some input or talk some sense To me on way or the other?

Yes, there were two auctions, a month apart  As I said, I assume the first auction buyer forfeited.

As to the name change yesterday, when I've bought from the online auction, you get an email afterwards asking for the name you wanted it titled in, I assume that's what appened, maybe.

As to these guys losing deposits, one group I know here lost $85k or so in forfeited deposits over the year, a few years ago in the hey day.....at 100 plus properties a day, they didn't look at each one before bidding, and after being high bidder sometimes they looked at the property and decided to bail.. $85k is a big number, but if you're buying 200-300 houses a year, not big percentage cost.

Looks like for some reason they are showing the prior 05-08-17 sale, and I assume that buyer forfeited (realized he made a mistake), hence the rescheduled auction.