All Forum Posts by: Rachel Seymour-Newton

 Hi Nicholas, 

I did not screen the tenant myself, but have spoken to the current PM about it and showed me how they screened the tenant. I’m comfortable with how they did it. Another note to add is that my realtor caught it before it went on the market. It never went up because I was one of 3 people to put in an offer before it was listed. 

HI Nicholas, 

The prior owner screened the tenant. That is a good point and I will look into that. I have not seen the property in person my self, but my realtor who is a friend of mine is going to see it tomorrow and will FaceTime me and show me around. It will be professionally inspected tomorrow as well. When calculating cash flow we calculated in PITI, along with property management, and putting some money aside for maintenance, repairs, and vacancies. Is there any other expenses you are referring to in particular that I may have missed? Anything else that you would think about?

Thanks

Hi there,

Im beginning in my real estate investing journey and have been working with a realtor that I trust in another state. I just put in an offer for a house that has a tenant moving in on April 15th. The realtor and I have both run our numbers and expect it to cash flow between $400 and $500. My offer was accepted, so now we are scheduling the inspection and looking at next steps. As this is my first investment property, I would love to get some opinions on important things to look out for before everything is set in stone. Any advice and input is welcome and greatly appreciated.

Another question I have is about scaling. What would be the best way to buy more properties after this one. Should I wait until I have saved for another down payment, or what have you seasoned investors done to grow your portfolio?

Thanks in advance

Hi everyone,

I've been doing a lot of research and am ready to buy my first investment. Originally I was planning on buying a multi family in the area I live in, but after reviewing my lease, I've found that I really can't break it and I have 8 months left on it. I have enough for 25% down on a smaller investment property in another town 1-2 hours away from me. So my question is: should I wait until my lease is over and then buy a multi family that I can house hack or should I buy a smaller investment property in another town now and then get a heloc when my lease is over for a house I can live in? Also, would getting a HELOC so soon after be do-able? Thanks in advance.

Hi Malcomb! 

Thanks for your response. I am planning on investing in towns north of Fayetteville (Bella Vista, Centerton, Pea Ridge). I don't plan on using ARVs. I have hit up some agents, but they all just sign me up for their OneHome (or other MLS notifications) and I don't feel like I'm getting anywhere with those. I check them consistently, but not much changes and I feel like there must be some other way that people are buying and selling. Am I unreasonable to think this?

Hi there, I have been looking into getting my first investment property. Im interested in getting an off market deal, but want to learn more about it. What would be the best way to get started in looking into off market deals. How do those work? Pros/Cons? Anyone have any resources?

Thanks in advance!

 Hey is this still happening? I am also learning and would love a mentor and to meet other likeminded people. Let me know! Thanks