All Forum Posts by: Gen Young

Hi everyone,

I have a couple properties managed by a prop management that charges me a flat rate fee monthly. I seem to constantly have repairs for an 8 year old home (which the tenant does not even pay on time), including leaking faucets, fallen fences caused by overgrown trees falling, broken exhaust fans, etc. Most recently, some part on the heater/ac broke which they are charging me almost $400 for. I asked for invoice from the vendor but she said it's a flat rate and if I wanted an "estimate" it would be an extra $65 charge. I'm having trouble seeing how this costs $400 when the part is $100 at Home Depot. She said if I wanted a different vendor, there would be another fee. Just wanted to check if this is normal? I'm pretty new to this so any advice would be great. Thanks!

Thanks for your advice. I'm not too concerned though- I plan on researching for a while before making any decisions. Curious what you mean by there's more to wealth than rental properties? 

I have ~500k liquid to invest but still confused where to start. Everything I've been reading has been about eventually raising capital but how do you start when you already have the capital? I'm looking for max cash flow and appreciation later down the road. 

I have the time to dedicate but not sure what strategy to start with. For those who had capital to start with what was your strategy? 

How did you decide what strategy to invest with? 

I have about 500k to invest but there are so many options. How many of you did deals/business first to acquire more capital? Eventually I'd like to have multi family buildings but I'm not sure what the best path is.

I'm interested in flipping/rehabbing but I'd have to travel 2-3 hours as my home market is too expensive for me. I currently work from home and I'm 26 so I have the time and risk tolerance. My parents are investors and have flipped a few houses recently. They seem to think it's too hard/time consuming for me but I'm younger and have way more energy and time to dedicate to this. 

I'm not to be spoon fed but I'd just like to see how others first started out. Thanks in advance  !