All Forum Posts by: Nigel Guisinger

Way to go. The first deal is the hardest and once you catch the bug you’ve got it for life. Best of luck with the next value add project. 

That’s a great pick up. I own I the St. John’s area. These places stay full because of location. You should still be able to move rents as well depending on interiors. With regard to the new Laws you are absolutely correct, so make sure you notify the rent increase on that existing tenant as soon as eligible under the terms of the contract. Great job on this deal. 

I would talk with your local cpa regarding your state’s laws. However that being said if you have expenses and you pay using outside funds, you need to track that money because those are additional funds being invested by you into the company. That should show as additional contribution by you into the company. The problem with that is that banks could look at that as the business isn’t solvent to exist on its own for daily business and that is a problem in itself. 

There are a ton of variables to this question. You have the replacement cost and so those cost very. You have different deductibles. You have a size of portfolio discount as well and posential discounts for more insurance services held by the same insurance company. I own in multiple areas of the country and these above issues are the things th at dictate rate. On larger complex’s I’m paying around $400 a door yearly buy on smaller complexes as much as $700  

ROI Stands for return on investment. If you have no money down and have positive cashflow there is no number to divide by To get the percentage roi. You need to look at cashflow, debt pay off and application on this deal to see total return and figure that against the opportunity cost that you lose by doing this deal vs another deal.

I’m mixed on this because you e already started. If you figure in the 100k up front liability and that you gain four years of additional earning if invested right you actually make more not going to school. That’s due to starting out without debt. Why not do some of both?  Take the real estate test and a light load for a term or two. At the end of that see where you are. You’d know if real estate is where you want to go or if it’s not for you. You’d still have the education so it’s a blend and may be a good transition. For me college was about making contacts more so than the education, so net work as go grow that real estate business. Surely some of the people at that school buy a house to live in and you could be the buyers rep. 

Is this going to be monthly. This sounds great. I would love to attend the Next one as I am out of town getting contracts signed for a 44 plex I just bought in Tennessee just out side of Nashville.

Is it possible? Of course it is. But remember in the last 10 years we’ve seen huge growth in appreciation. That percentage of growth happened because the markets had such a strong decline. While we can look back to see what’s happened is not wise to expect this will occurs again in the next ten years. 

This has to be the worst advice I have ever read in print. The author is a “financial advisor”.  This guys can’t believe what he’s writing. He misses too many basic points on real estate investing. He is simply trying to get. Ore money pulled into high risk and over inflated stock, bond and currency traded that are filled with excessive brokers fees and no real return that is controllable by an individual. 

I would say that I fielded a complaint about the smell of pot and that as a result your policy is to follow up on tenant complaints in a timely manor and that is what you are doing. In doing this you are also setting the expectations for her that you will follow up if she has needs or complaints herself.