All Forum Posts by: Eric Schultz

Carlos Cristiani Palm Springs has a unique fluctuation in population each year. The snowbirds leave by April / May and don’t return until Oct / Nov. Trying to fix & flip in the summer months could be challenging with the heat as there is less economic activity. Check comps for # of days on the market even as far back as this time last year. Plan on extra hold time or you may experience a reduced sale price. I would presume the condo complex has a pool? This is almost an expectation in the desert.

Stephen DiNanno Good flooring choice for a rental. Go with a local floor & tile supplier. Floating is definitely a cleaner and quicker install.

Vic Hartounian It all depends on what pace you wish to build up your rental portfolio. With smart leverage, you can acquire more units sooner, which should translate to higher positive cashflow.

Stephen Husted Is this a corporate rental with an appreciation play?

Michael Thurston Even if the property only appreciates 1% per year on average, this is still an additional 5% ROI with 20% down payment (5:1 leverage).

Cameron Riley Coffee farm parcels. Long long term hold.

San Diego to Boquete, Panama will be my longest distance investment at 3,680 miles this year.

Vinh Huynh I’m sure you knew going into this investment that it was not a cash flowing property. Back in 2009-2013, you may have had much better numbers. For what it is worth, your income property ROI calculation with 25% down may look something like this then: -4% cashflow + 12% (3% at 4:1 leveraged) market appreciation + 5% tax savings & benefits + 4% loan paydown by tenant + 3% inflation-profiting / debt erosion = 20% ROI It still beats an S&P 500 index fund right now, and the stock market is doing considerably well. There should still be some real estate market appreciation that lags the current stock market performance by a few months.

Alexander Cabrera If you are trying to create a lifestyle in which your passive income covers your expenses on a monthly basis, I would stick with the 30-year fixed. Equity buried in a property has zero return.

Jim Morris Does this landlord know who you are? If not, call them up to find out if there is a vacancy and ask to see it as a prospective tenant. Get some intel on the interior conditions. Find a partner and make an offer. Maybe they would be interested in seller financing and work out some win-win terms.