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All Forum Posts by: Stephen Masek

Stephen Masek has started 25 posts and replied 602 times.

Post: Multi-family Oil Heat and Hot Water

Stephen MasekPosted
  • Investor
  • Mission Viejo, CA
  • Posts 627
  • Votes 204

is there an underground oil tank? If so, a leaking underground tank can be an expensive problem.

Post: When does a lease become binding? Before or after moving in?

Stephen MasekPosted
  • Investor
  • Mission Viejo, CA
  • Posts 627
  • Votes 204

I've heard several people who do their own management, and several mangers say it is wise to visit where they live, unannounced, to see what your place will be like after you rent it to them.

Post: Will Barnard Speaking in August . . Don't miss out!

Stephen MasekPosted
  • Investor
  • Mission Viejo, CA
  • Posts 627
  • Votes 204

We enjoyed being there, hearing Will, and meeting the others who came.

Post: Down Payment 20-30%? Are there ways around it?

Stephen MasekPosted
  • Investor
  • Mission Viejo, CA
  • Posts 627
  • Votes 204

Ah that old lever in "leverage" which pries both ways. What happens if you do get it with little down and something goes wrong (vacancy repairs, and so forth)?

Post: Finished project - before and after pics

Stephen MasekPosted
  • Investor
  • Mission Viejo, CA
  • Posts 627
  • Votes 204

Stunning! What percentage do you plan to make on the amount invested?

Post: What are some good cities for cashflow?

Stephen MasekPosted
  • Investor
  • Mission Viejo, CA
  • Posts 627
  • Votes 204

Thanks Christine. Those certainly are good tips. Craigslist certainly is handy.

Post: What are some good cities for cashflow?

Stephen MasekPosted
  • Investor
  • Mission Viejo, CA
  • Posts 627
  • Votes 204

Christine, those are excellent tips. Craigslist certainly is handy.

Post: What are some good cities for cashflow?

Stephen MasekPosted
  • Investor
  • Mission Viejo, CA
  • Posts 627
  • Votes 204
Originally posted by Elizabeth S.:
Awesome topic. I'm lucky enough to live in a great cash flowing area and there is plenty of room for more investors....be used I'm not buying right now :)
Fort Wayne, Indiana.

I buy properties for $18,000-$25,000 which typically require $3,000-$5,000 to get them rentable (more maintenance may be needed later but isn't urgent) and rent for $650 a month. Knowing neighborhoods is always important which I guess is the scary part about buying out if town.

Indiana is very landlord friendly :)

Good luck!!

Nice! It sounds like we need to visit Fort Wayne and Indianapolis. We've haven't been there in quite a few years.

Post: What are some good cities for cashflow?

Stephen MasekPosted
  • Investor
  • Mission Viejo, CA
  • Posts 627
  • Votes 204
Originally posted by Erin Weiss:
@Stephen Masek

where in Indy?

Just west of Michigan, between 465 on the North and 65 on the south.

Post: Finding motivated sellers (my list)

Stephen MasekPosted
  • Investor
  • Mission Viejo, CA
  • Posts 627
  • Votes 204

Yes, that is a nice list.

It strikes me that all of those things are a great deal of work, so how much is made, and how many hours are worked?