All Forum Posts by: Ruben Galindo

@Joe S. Did he or she send you some comps to support the price. Depending on where the house is at, the market is hot in the San Antonio area.

@Joe Splitrock

Very good points. I never looked at it that way. However, I do give gifts in a form of a rent credit. Of course, they have to be in good standing. Right or wrong, that's what we do.

@Daniel Dreliozis Hi Daniel! Welcome to RE investing! I too am fairly new to RE investing. In the last three years I've been able to obtain 3 rentals that are cash flowing. If you're interested I can help you find properties.

@Jerry Villa Let me know how I can help. I'm an agent and have rental properties in San Antonio.

@John M. Red I'd love an opportunity to help. I currently have 3 rental properties and I can help with that too.

@Daniel A Lee Kim Laura is right. Sounds like the price is too high. I've rented out my properties during the winter months with no problem. I typically market these prices slightly below market price and attract a lot of attention. Then I screen them very thoroughly. Good luck! Happy Investing!

I'm an investor ($300 cash flow on two properties) and real estate agent from San Antonio, I can also help with what you're looking for.  Let's connect and message me for more details on how I can help you.  Thanks!

I've been using Cozy for about a 1 1/2 years.  It's user friendly and free for landlords.  However, payments using the free service takes several days to hit your account.  I tried using the Express pay but when my client had insufficient funds it rejected the payment (and rightly so) but still charged me the express pay fee.  Once your tenant has an insufficient funds transaction Express Pay will not automatically work the following month.  There has to be a successful transaction before Express Pay starts working again.  So if you're not in a hurry to get your funds, then Cozy will be just fine.

If you plan to rent it, then I personally would only rent it out for 2 years and then sell it to take capital gains nearly tax free. Of course, this is assuming that you've lived in it for last two years.  I'm not a CPA, but my understanding is that you would have to recapture the depreciation on those two years of renting it out.  You must have lived in the home at least 2 out of the last 5 years to take the capital gains tax free.

That would bring down your current balance, therefore, having more equity later on. Like I said, I'm not a CPA but that's how I understand it.  Other BP members may know it a lot better than me.  Just trying to help. 

Hi Eric,

I only have two rental SFRs and I use Cozy.  You can collect rent online and the tenants can also make maintenance requests and you can track expenses all online.  It's free so it works for me.