All Forum Posts by: Gaudys Rivas
Gaudys Rivas has started 3 posts and replied 39 times.
Post: Looking for Wholesellers in Orlando
- MIAMI LAKES, FL
- Posts 41
- Votes 18
Hi , Im an investor in Florida . Can you send me details ? Or any other properties that you may have . Thanks
Post: How do you get a squatter out of the house?
- MIAMI LAKES, FL
- Posts 41
- Votes 18
eviction vs cash for keys
Post: selling a property - we need help
- MIAMI LAKES, FL
- Posts 41
- Votes 18
can you adjust the price of the rent? in my experience this will solve the issue, especially if you don't want to sell at a discounted price
Post: Advice on Previous Fire Discovered in Inspection during Purchase of a Property
- MIAMI LAKES, FL
- Posts 41
- Votes 18
Whatever you decide to do , stay away from fire remediation companies , they will give you a huge overpriced estimate
Post: Do we have any investors that currently reside/invest in Columbus Ohio
- MIAMI LAKES, FL
- Posts 41
- Votes 18
I am researching in Akron, also want to invest in Ohio , seems that there are multiple opportunities for cash flow properties
Post: Is raising rent with a long term tenant a good idea?
- MIAMI LAKES, FL
- Posts 41
- Votes 18
Raise it up
Post: Net annual cashflow
- MIAMI LAKES, FL
- Posts 41
- Votes 18
Quote from @Jacob St. Martin:
If you are truly accounting for all of your expenses, 40% is amazing. A lot of investors are happy with 15%. I would make sure that you are keeping really close tabs on your expenses so that you can know exactly what your ROI is.
Hi
Thanks for your reply , only 30% of my properties are mortgaged , reason why I can keep a bigger chunk of the cashflow .
i read once that in general expenses should not exceed 40% of the rent , that is why I was reflecting on my numbers
Post: Net annual cashflow
- MIAMI LAKES, FL
- Posts 41
- Votes 18
Thank you so much for your input . 40 % is net after all expenses and vacancy/ repairs reserves
Post: Is a 20-25% Crash in Multifamily Asset Values Realistic?
- MIAMI LAKES, FL
- Posts 41
- Votes 18
Excellent analysis , Thanks for sharing
Post: Selling an 8 unit to pick up a 43 unit in a worse location
- MIAMI LAKES, FL
- Posts 41
- Votes 18
50% of my rentals are in low income areas , no more issues than my other 50% , however the cashflow is significantly higher , almost no vacancy . Just do a good tenant screening .. I will go for the 43 unit building