All Forum Posts by: Nitanga Jean De Dieu

@Evan Polaski I like your idea of 3x rent in net income. However, that amount doesn't mean they have that emergency fund. Plenty of people make 6 figure and live paycheck to paycheck (Heard plenty of them on Dave Ramsey). I know as investor you set cash aside for times like this but I was just thinking if they could be other creative ways that could maybe involve a tenant. 

Thank you!

With everything that's going on and it looks like things will get worse in the near future, I've been thinking a lot. Once things are settled, as an investor are you thinking about educating your tenants on the importance of having a 3-6 months emergency fund?  Wouldn't it be a great idea to provide your tenants with some financial education to help them but also to help you as investor so in times like these so you not panicking. This might sound common sense to some people but we all know that a lot of people live paycheck to paycheck

Looking forward to everyone's input

@Charles Dobens.

Hey Charles I DM you last week. Not sure if you haven’t received my DM.

@Charles Dobens

Lets connect. Can I DM you?

@Kenneth Garrett

Thanks Kenny. I will check those books out.

@Lisa Brink

Hi Lisa, Thanks very much. I will check those books out and I wish you all the best in May. Do you know if there is one on one mentor here? I would like one.

@Chris T.

Thanks for the comments. Any great books you can recommend? I tried to listen to 2-3 podcast from BiggerPockets and that is helping a lot.

Hi everyone,

I am new to BiggerPockets, I just created my account a few days ago and this is my first post. Listening to BiggerPockets podcast and reading Rich Dad, Poor Dad has motivated me to become a real estate investor. My short term goal is to purchase my first Multifamily property next summer for $200k or less using FHA loan and househack. I'm trying to save $20k-$30k for down payment and any other expenses, and working to get my credit score above 700. Like any other first time investor I'm a bit nervous of the unknown due to the lack of knowledge and experience but I'm willing to the risk and deal with all the BS that comes with it. If there is anybody out there like me I would love to connect and learn from those more knowledgeable. I live in NH, and if there is anyone around the NH area I would like to connect with you. I look forward to some feed back, comments and any other tips.