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All Forum Posts by: Oleksandr Ivanovskiy

Oleksandr Ivanovskiy has started 28 posts and replied 117 times.

Post: How many of you are strict with the 3x rent/salary?

Oleksandr Ivanovskiy
Posted
  • Rental Property Investor
  • Posts 120
  • Votes 36

This is general approach used by apartments.

You have to go case by case basis.

I recently rented place to someone who come close to this criteria. But if you will be looking for perfect case it will cost you a lot in lost rent:)

Post: what age did you start your real estate investment career

Oleksandr Ivanovskiy
Posted
  • Rental Property Investor
  • Posts 120
  • Votes 36

Dear Sharlene,

I think you shouldnt think about age when it comes to real estate. It’s great to have funds for it. The only thing you should be ready to deal with biz per say. 

Develop good relationships with agents , contractors, lenders . It’s a team sport.

Spent time and money to Educate yourself before buying investment property. 

Post: What is the cheapest house you ve ever bought?

Oleksandr Ivanovskiy
Posted
  • Rental Property Investor
  • Posts 120
  • Votes 36

@Nandy B.

So far it was a condo I bought 10 years ago as primary for myself.

I rent it later on and it’s been renting continuously for 6 years.

Post: Tenant asking for "New HVAC system"

Oleksandr Ivanovskiy
Posted
  • Rental Property Investor
  • Posts 120
  • Votes 36

@Gerardo Escutia

You did everything right by the tenant. It’s unreasonable for the tenant to ask the temperature being in 60’s.

Post: $13,000 down the drain? Locked into a deal that didn’t appraise..

Oleksandr Ivanovskiy
Posted
  • Rental Property Investor
  • Posts 120
  • Votes 36

@Russ Marlborough

You should have financing contingency built into contract. Do you have an agent?

Post: 4bd/2.5ba Townhome with little equity, but great rental potential

Oleksandr Ivanovskiy
Posted
  • Rental Property Investor
  • Posts 120
  • Votes 36

Great . I’m working on my own. Positive Cash flow is a key

Post: Does this sounds sketchy to you?

Oleksandr Ivanovskiy
Posted
  • Rental Property Investor
  • Posts 120
  • Votes 36

@Terry Dunlap I would have a third party to take a look at it. Also run your numbers!!!