All Forum Posts by: Michael Seutin

The Company I have listed above has been managing a duplex of mine for a few years, and they have been professional, and on top of things, and I feel they are very trustworthy.

Professional Asset Management & Sales
2201 North Collins, Suite 240
Arlington, TX 76011
Office: (682) 558-8900
Fax: (682) 558-8901

thanks Curt, the InvestIndy website looks interesting..

Is Clayton Wilson a one man operation or a company cos' honestly I only work with established comapanies, I don't trust small operations when it comes to management..

I am an out of state investor and I am looking for referals from other investors who have their properties managed in Indinapolis.
I want a company that is professional, returns phone calls right awaw and is available to answer questions anytime. Of course trustworthy as well.

The problem with calculation cash flow by substraction PITI, property management.. is that it usually give an unrealistic number that is usually more like 30% or rents instead of 50% and it does not take into account big repairs, evictions...
I read somewhere that the 50% rule is an average of all properties accross the united states over times, it's been checked over many years and many properties

I look at cash flow first, equity second. Cash flow will make you rich, give u an income/paycheck. Equity will give you an exit if you need cash fast for more properties or whatever. for me no cash flow no deal.

a simple way I use which I learned here, is I take the gross rents, for example if it's $1000/month, then I take 50% of that which is $500/month, and that's my net income. If there is a loan on it, you deduct principla and interest from the net income and what's left over is my cash flow.

did you create an llc in Nevada for properties in a different state? or should you always create an llc in the same state as properties?

I notice that all the "stories" are always 2nd hand and not from the post writer. Why is that?