All Forum Posts by: Michael Moikeha

Even when you are planning to manage a property yourself, you still calculate the cost in as an expense, that expense is just going back to you. If you ever decide to scale up and need to pay someone else to take over the managing, then you don't lose value in the house by adding new expenses.

Same thing when buying the house, even if the management was done by owner, the expense still exsists even if it isn't on paper.

Although @Jeff Bridges mentioned the boyfriend issue on the first option, just because the two sisters didn't mention or bring them to see the house doesn't mean they won't have them, won't have guys around, or won't be throwing their own parties.

If you personally see these both as equals, then just go with whoever came in first.

Welcome to BP. This is a great resource for learning everything there is to know about REI.

I would also suggest finding a local REI group that meets often in your local market area. This will help you network with experienced people who can offer you great advice.

Best of luck in your investing!

I think the important takeaway is that this is the exception to the rule. The rule is: if a tenant does not hold up their end of the bargain, you do not allow the sob stories or the continual excuses and justifications keep you from making the hard decisions.

Sometimes though, keeping them isn't a hassle and is an extra lump of money.

It is all about cash flow (unless you want to sell the house that you are currently in and planning on doing light renovations on).

Find yourself a nice rental, and put a big chunk of money towards it!

Welcome to the BP party.

Another great tool to use with this site, is local REI groups. Find a reputable group who meets in your market area, and start networking. They can be a real asset.

Another thing you may have to do because the market inventory is low is market to people yourself. Aquire lists from title companies, and mail people who fit your specific guidelines asking them to sell to you.

This deal may be good or bad. Like many people have said, it comes down to what the market will be doing.

You may not have the knowledge to know this, but experienced RE Brokers, other investors, could offer sound market advice.

If there is a local REI group you could join and network in, that may be your best option.

I will suggest from the start that you should seek out a good REI group in your local area and start attending and networking. Nothing is better than meeting up with local REI's who know the market, have the experience, and are not afraid to share it!

Best of luck in your studies!

I don't use anything special. Mainly just leverage team members and other specialists, title companies, realtors, etc.

There is lots I information on this site for MF investments. I would also suggest locating a local REI group, and networking there. This will be a great place to find a mentor who can help you grow in your local market.