All Forum Posts by: Bobby Paquette

I am wondering how some people are making money in a deal when using other peoples money and it is NOT a flip.

Usually Minimum looking at a 4-5% loan to bank(if not all cash), 6-10% on the hard money lender or seller finance, then you factor in saving for Repairs/Maintenance/Capex/Vacancy/Property Management(If you don't do it yourself)

After you factor in all that money going out how are you still cash flowing? I can understand some rare examples but you gotta pay back a loan to the bank , loan to a person, and save for expense and you still cash flow?

I know it can be done I am just looking for some examples or maybe things I’m missing/not realizing! Looking forward to the responses!

Anyone have any tips for establishing an LLC for a rental property, or a Point of contact in Indiana? The property is in northern Indiana, my first deal, and I close next month. I would love to establish an LLC and then after closing transfer it to that.

First deal could be an owner finance! Thoughts? Tips?

Looking at purchasing a Condo, the only motivation the seller has for selling it is that it’s

a renovation of a HUD home. Does it make that much of a difference if I purchase a HUD renovated condo as opposed to a different condo? Does the HUD play any effect into this investment ?

Kitchen appliances including a fridge ?@Nathan Gesner 

Do you put any appliances or furniture in your long term rentals(Over 1 year)? If you leave your primary residence and begin to use it as a rental do you leave anything in it when you move out? 

@John Warren Not renting out yet, just trying to get as much info as possible to weigh all my options, thanks!

For anyone who manages their own property from a distance, how do you handle your tenet turnovers? Getting contractors in there, turning keys over from one tenet to the next, etc. ? 

@Jacob Sampson will be 850$ this year. Some indoor MX after tenet’s term ends and it will be able to rent for ~ $950 . I agree with the control over the HOAs, and I would have to look into the insurance policy. Thanks!

@Brandon Roof Doesn’t have to be owner occupied, there will be no snow(South Carolina) it does cover Lawn Care. Will have to check on the last part