All Forum Posts by: Leandro Rodriguez

Assuming you don't carry a mortgage, looks like I am coming closer to @Brent Paul on the $900/mth rent for NOI - which in my book is quite solid to pull the trigger.

You have to consider income taxes in your state and depreciation to do a full analysis. Running a 12 month pro-forma analysis should help complete the picture.

Again, in the overall, looks good.

NOW, I always ask this: You seem to have 120k in hand, can you leverage this money and get a better return? Buy two properties with some small leverage, loan? Same buy and hold, but two properties cashflowing which can become free and clear in a couple of years...

What is the property? SFR, Condo?

Will you carry a mortgage?

Thanks all for the welcome!

Brandon, awesome job with the site and the podcasts...great commute material!! About 10 keyword alerts and counting.

Cheers all!

thanks all for the advice. My next ste p is to attend local rei meetings to get to know people locally. 

i hear a lot about how important is to get a mentor. I agree with the notion in pretty much at professional are. 

BUT...it has gotten in my head that a real estate mentor will try to take advantage of me, try to push me into certain non favorable deals, take my money or somehow not steering me in the right direction.

Do you, BP out there, have tips on how to vet or approach mentors?

Hi everybody, this is Leo and am new to BP. Super excited about being part of the community.

Short bio: I am a high tech pro, working a full time job traveling the world. On the side, I invest in RE. Own a couple of plots of land outside of the country, and three outright rentals in FL - and no, not your typical flashy condos, but solid rental property.

My claim to fame and biggest educational experience in RE is trying to short sale my home three straight times!!...and ending up in foreclosure. Painful, but equivalent to a Masters in RE. Now I am now dedicated to building my buy-hold portfolio of properties...still fully employed.

Looking for: exchange of experiences and info, and expanding my rental portfolio.

Cheers!

Leo.