All Forum Posts by: Jeffrey Coleman
Jeffrey Coleman has started 6 posts and replied 19 times.
Post: First Property - Inherited Tenants Paying Below Market Rent

Jeffrey ColemanPosted
- middletown, ny
- Posts 21
- Votes 6
I would like to elaborate on what you just asked I'm in the same situation I'm under contract and have both of my units occupied at the time.and I just bought a duplex 2 bedrooms and each apartment and they both paying $1,000 a month I'm looking to increase the rent to $100 a month each apartment because they're definitely playing below market value I do take on the heat about $200 for the winter months so I can understand what you're saying but people need to realize that when a new landlord takes ownership of a new property there's a good chance that the rent will go up
Post: FHA for 2nd or 3rd property?

Jeffrey ColemanPosted
- middletown, ny
- Posts 21
- Votes 6
I was under the impression that you can purchase another FHA property after a year that's what I was told I'm in the process of purchasing a property myself I own two properties back in 2003 and the rules and regulations has gotten pretty strict but I understand what you're trying to do I'm in the same ballpark myself
Post: First multi-family and rental

Jeffrey ColemanPosted
- middletown, ny
- Posts 21
- Votes 6
how much profit are you looking for after you finish paying your mortgage
Post: Should I Form A LLC For My Rentals?

Jeffrey ColemanPosted
- middletown, ny
- Posts 21
- Votes 6
very good question I was looking for an answer to the same question myself I hope somebody in
Post: need help making a decision just starting out

Jeffrey ColemanPosted
- middletown, ny
- Posts 21
- Votes 6
I'm just starting out in real estate can't seem to find a duplex property do anybody out there recommend buying a one-family and me living it for a year and taken out a HELOC or refinancing and buying a duplex
Post: Money from 401k to invest in RE.

Jeffrey ColemanPosted
- middletown, ny
- Posts 21
- Votes 6
I know you can do a hardship if you're purchasing a property or primary residence they really don't know what kind of property are you going to purchase I know you can take half of what you have in your 401k
Post: real estate books to read

Jeffrey ColemanPosted
- middletown, ny
- Posts 21
- Votes 6
I read Rich Dad Poor Dad and it was a very good book I'm new to investing I would like to know the top 5 real estate books.can somebody please help me out any recommendations
Post: What would you do with 50k...

Jeffrey ColemanPosted
- middletown, ny
- Posts 21
- Votes 6
California very expensive 50k might go a little further somewhere else
Post: new to BiggerPockets

Jeffrey ColemanPosted
- middletown, ny
- Posts 21
- Votes 6
I'm looking for a program that can run on my computer and I can use for budgeting analysis tenant information rentals