All Forum Posts by: Raul R.

Inventory of Small multis in both locations is very small.. You can reach out to local Realtors and setup small multis MLS searches but it won't be much different..

If your goal is to find small multis other markets are better suited and yes 2-4 are rare especially good quality 2-4 units..

@Yisell Perez

Welcome to BP!!!

I suggest try attending meetups there are many in our area. You will be able to talk to other Realtors when your start attending and they might be able to point you on the right direction. It's a hard profession and as other have mentioned be prepare when starting to have a long period of time without seeing an income. Be familiar w the fees involved, there will be revolving fees in keeping your license, MLS etc. The ones that are able to succeed do it full time and I've noticed have a support system when starting out. They live w family to keep cost low or rely on their partners income until they start getting sales.. You typically get paid by commission and even for the experience realtors they have good and bad months..

@Jonathan Trimboli

I personally prefer Macs but if I was starting a business and will be dealing w employees I would lean towards PC.

Most people are familiar w Windows and Office products and although you can get the MAC office version it’s not the same. I really like the Free Mac version numbers etc but the average user will have a light learning curve..

The main reason I would pick a non Mac platform is price. For under $500 you can purchase a decent Windows workstation or laptop macs are double but they do tend to last longer

Its not a bad idea, just make sure you understand what you are doing and have an exit plan if things don't go as plan.. 

I didn't use my HELOC on my first investment, didn't feel comfortable but once I had a few properties under my belt I had no issue using my HELOC..

Hey Jim, sorry to hear about your job lost.. Coop boards are a pain, I lived in 2 Coops and sold one in Riverdale a year ago... Working with a realtor that's familiar with your board and board requirements will make a big difference..

The problem in lowering your price is if its too low board might reject it...

Ideally its always better to invest in your backyard but depending on where you live barrier to entry might be high.. I invest Out of state, all 6 of my properties are over 500 miles aways. Many investors successfully invest out state, it all depends on your risk tolerance and how determine you are..

@Michinori Kaneko

Every market is different in my market 8% is the norm.

I’m in 2 cities I will provide CLT as my example

8% is monthly fee as mentioned

At first full month rent was my turn over fee but recently I was able to negotiate it down to 1/2 month rent

I have 4 properties w this PM, I have 6 in total..

@Leo Shilkrot

You need to train your tenant and know when to respond to them ASAP & when it can wait.

Your first issue you did the right thing although you are right tenant was exaggerating open window would have been find last weekend in the

Broken washer is no emergency just a inconvenience. Waiting for the weekend is ok

and rent being high is no reason for being rude.

@Anthony Madia

Core 4

Realtor

PM

Finance guy or gal

Handyman

Start w a good realtor they will point you on right direction

@Jimmy Presnell

Many have a strong opinion and don't like investing w Condos and Townhomes some hate the HOA for good reasons but I'm not one of them. I think for a beginner Condos and Townhomes are a great way to start. Although HOAs can be a pain in the butt you can make them the bad guy when enforcing the rules

If you will househack w a SFH make sure its a good layout if you're planning to have roommates. Private bathroom for many roommates is a luxury if you can have a full bathroom dedicated for each roommate will be easier to find a good roommate