All Forum Posts by: Kenneth Hynes

Is it a IPhone 6 issue or IOS 8 ?  I have  I Phone 5 and was going to update from IOS  7.1 to 8 this week, but keep hearing about new bugs in IOS 8

Now at 15,012  -- lets have a party!

Boulder is an expensive market.    How much can yo afford in a monthly mortgage payment if you decide to live in it while you do it.  I would look outside ( Longmont, Fort Collins, Denver) for your first flip due to the lower entry point

My 2013 was to find a new household in Washington (I had to move for my job ) that would eventually transtion to a rental; rent ou my old primary residence in Georgia, and rebuild my reserve / cash available that i used to put down a dopwn payment . Didnt get into specific REI goals since had a new job and would spend most of my time concentrating on taht.

 For 2014 .  it was to build up my cash reserves and look for invvestmetn opportunities;  also use teh excess flow from my other properties to pay down the mortgage on my 2nd rental; witht he goal of getting it paid off by the time i retire in 2015.  

  Have built up the my cash reserves again but put on hold the paying off teh mortgage on the rental.  the rate is only 5%, and with the balance left ($20K) think it would be a better use of the cash flow to build up a deposit for next investment preoprty than paying off old one.

@Stan Yen 

Anyway you can get the rent rolls or tax statements for the property , it should provide a more accurate picture of the Gross and NOi .

  Why 6.8 %  Are those DS  numbers calculated with %20 down ?  most commercial lenders require 25% down 

Welcome @Nancy Finley 

  While dont haev much expereince as an agent; BP did write a  guide ;

The Real Estate Agent’s Ultimate Guide to Working with Investors

http://www.biggerpockets.com/forums/21/topics/9860...

 There are also several PODcasts that feature agents .  Hopefully you can get some ideas and come out swinging again

@Christian Kenworthy 

not necessarily free rent; but you would live for free. I think one of the words used to describe this is house hacking . One of the recent podcasts featured a guy that does this all the time. Basically it works like this . Find a duplex (MLS, agent, word of mouth, driving for dollars) . If you purchase right , and put enough down. the rent from one side of the duplex should cover your PO&I portion of your mortgage payments, sometimes even the Taxes and insurance as well. therefore you live for free while your renter covers your mortgage payment. there is risk involved, like paying for repairs and capitol expenses, and vacancies when the renter moves out.

Welcome @Dan B. 

  as pointed out above ; there is a wealth of good information on this site.  For book , McAvoys are a great place to start ,  I have also found that Steve Berges books are great for analyzing multifamilys as well.  

 One tip that I picked up here is while you are starting out and saving money for your investments, start driving / visiting areas you would like to invest in so you get a feel for prices, rents , house conditions etc, and visit and look at lots of homes and open houses so your eye get used to looking at repairs / upgrades that are normal in a particular market. I really dont think you can look at too many properties, and the more you look, the more knowledge you will gain for that market

@Blaine Page Welcome Blaine 

BP is a great resource. Full of great tips and reads. One tip that I picked up here is while you are starting out and saving money for your investments, start driving / visiting areas you would like to invest in so you get a feel for prices, rents , house conditions etc, and visit and look at lots of homes and open houses so your eye get used to looking at repairs / upgrades that are normal in a particular market. I really dont think you can look at too many properties, and the more you look, the more knowledge you will gain for that market.

Boston can be a pretty expensive market, especially trying to cash flow on a buy and hold.  I would echo Ali's advice about looking at other markets.  There are forum posts about out of state investing and what markets to look at

@Brian Stevens 

Welcome to BP. I am right behind you as far as retiring from the military . Dont mind me asking what made you choose Austin as retirement home .. one of the places I am looking at . As far as REI;

BP is a great resource. Full of great tips and reads. One tip that I picked up here is while you are starting out and saving money for your investments, start driving / visiting areas you would like to invest in so you get a feel for prices, rents , house conditions etc, and visit and look at lots of homes and open houses so your eye get used to looking at repairs / upgrades that are normal in a particular market. I really dont think you can look at too many properties, and the more you look, the more knowledge you will gain for that market