All Forum Posts by: Jairo Zapata

@Josiah Patrick Zebarth - Stop relying on a job to make a living. Financial independence but overall freedom.

@Wesley W. -Well said. Thanks for sharing. Quick question though... Are you able to charge a higher rent on a M2M?

@Sue K. Thanks

@Jaysen Medhurst - If putting 20% down which is the plan, I am looking at about 13% ROI. What ya think ?

@Chris Risi - Thanks! True, i am not going to lie it’s a bit intimidating buying not knowing how soon it would be occupied. Luckily the plan is to have cash on hand to off set vacancies. Do you buy into the 1% rule? In some markets that might be too high.

I have a unit that will soon be vacant. Do you think I should do a month to month lease during Covid19 instead of a year lease? Should they be late or stop paying, is it easier to disinvite them of on a month to month?

Thanks experts sharers of ideas!

@Stetson Miller- thanks for sharing. I’ll take you up on the offer to share the excel file you are using. jairozta gmail.com. Also, does the 1% rule works well in your area? So it’s 1 percent of your pricing. Seems high, so I am looking at a place in chicago downtown. Priced around $280k, rent in that area goes for $2200-$2350.

Thanks

@Brett Baginski - thanks! I just called them to cancel it.

@Brett Baginski- Thanks for sharing, I submitted an app for forbearance on a rental. Should I cancel it bc I am in the process of purchasing another unit?

Note: I am not late at all and I have decided after the fact that I will make my payments as usual because to me it’s senseless to stop paying and have to bring acct current in three months. How will this forbearance really help me?

@Aaron K.- Good thoughts here. May I ask, I have equity in my home and have been thinking about taking a HELOC to put as down payment on a place. So you recommend this to be done on a rehab so that the after repair value allows me to renegotiate the loan and pay back the HELOC?