All Forum Posts by: Jason Schmidt

numbers of price of the house and such? Well, lets say the house (the one I was looking at) is 75k and i say i can rent for 1000. Or am I missing something?

i guess what my first question to your response would be is why would i assume 50% of the 1000 rent? No one around here rents a house for anywhere near 500. I sure do appreciate your input though - i am not challenging your advice, but rather just trying to find the reasoning behind it. I'll take it all!

really?? why not??? when i say new, i mean newer than 2000 :)

why, because i want to minimize my workload? No, I don't believe so. Sure, I understand I will need to do stuff, but I don't want to trade time for money either. As a business owner for 8 years, I understand the value of passive income ... which is why I want to get into landlording.

it looks like it sold - i'm not sure yet though. but as a rental, why does it stink?

actually, i am not looking to flip, i am looking to buy and hold to rent. it seems to me that it should be easy to rent out for say, 1000 a month - but that is just a guesstimate. Later, I will do all of the steps that you mentioned and report back as well. Thank you so much for everything.

hmm i don't know - what does ARV mean? :) actually, i am glad i posted this. even if i don't get it, i think you have given me solid advice on what to look for.

MLS # 898440 - they are selling for $74,500 - it is a foreclosure. The appraisal district has its value at $171k - is this too good to be true?!?! What should i do? If I can gain nearly $100k equity in this, i would want to look more into it :)

these are actually new, which is what intrigues me so much :)

part of the appeal for going into real estate investing / landlording is to create passive income. to make enough in order to make it matter, i will need to possibly have 20 properties at some point. It seems to me as though I would be back at square one though, having to "manage" all the property. My thought is to get a property management company, in hopes of having to do ... well ... as close to nothing as possible :)

what can/should i expect from a property management company? I am thinking about possibly 75k homes.