All Forum Posts by: Evan Mendoza

 Hey thanks Nicholas!

I'm looking in the mid west market for either a duplex or a SFH to produce Cash flow. I plan on being more passive than hands on due to my job being pretty demanding and also because I'm from Florida

Would you recommend websites like roofstock to use their calculations and analysis to see data like cash on cash ROI and projected total returns?

Thanks

Hey everyone,

I was wondering if anyone could guide me into the steps I would have to take to start investing into a property that is OOS. 

I'm mainly talking about after speaking to a lender, do I look for referrals of property managers to do the bulk of the work in closing, appraisal, etc?

Im a newbie so any help is appreciated!

-Evan

Hey everyone! I'm new here, new to property investments and I'm looking to get started!

My goal is through house hacking, make around $500 every month for a year, then move out and try making around $1100 when I'm not living there.

My financial background: 

Right now I have around 50k in a CD which gives me a 2.8% APY. I started investing in a CD because I'm young (23yo) and I heard it was the safest investment out there. My CD I've been doing annual and ends in February of next year. When it ends instead of renewing the CD I think investing into rental property would give me a better annual cash on cash ROI if done right.

My plan:

I would like to buy a 3 bedroom condo in the range of 250k using an FHH loan, house hack it for a year then possibly move out and do the same thing in another city.

My concerns:

Since this is my first time getting involved in rental properties, there are a million questions I have while I'm still learning, here are some that come to mind:

-How easy is it to find tenants that are willing to split a condo with you? Obviously easier in a college town, but what about a vacation spot near the beach? What are my options here?

-Would getting a duplex be easier that way a single family can be in the other unit while I only have to find one tenant to share with?

-What is the best way to meet a property manager when I hopefully move out to oversee the property? How much $ do they require for their services and what kind of reports should I ask of them?

If anyone could help and give their opinions on my strategy that would be much appreciated!

Thanks

-Evan