All Forum Posts by: Michael Beinetti

Without breaking things down too terribly much...what about getting the 1st 1/1 up to speed in rent and renting out your 3/1?  You could leverage the property to reinvest and keep the cash-flow active.  Just a quick thought.

@Tara Myrick

Curious...why a 4 family and not, say, a 2 family?

@Grant Bublitz

Should you what?  Feel bad?  It would seem to me that having an emotional response is natural.  I would expect that you chose the one tenant over the other for a reason.  Would you feel bad if you chose the other one?  This ultimately is a business deal for you and while it does alter the life on another it was a requirement for your purchase.  I'm sure this person can find housing somewhere and perhaps you are taking the action and creating the motivation they needed to move to the next level in their life.

@Will Sledge

It depends.  What is your goal?

The inspector should be able to identify the potential issues you mentioned as well as expose other potential hazards and give you suggestions to seek out estimates for the work.

The specific contractors will apply their knowledge to the areas of their expertise and be able to give actual estimates for the work.

Can you afford having both/and?  Is that reassurance worth it to you?

Is this a deal worth spending the extra dollars on both? Is this a deal worth walking away from if you find out it's going to be more costly than expected?

Good luck!

@Kyle Vernon

Welcome aboard! You've found a hotspot for REI information. Connect with other investors in your area. Seek out a REIA and attend some meetups. Read and listen to podcasts. You'll find a huge amount of information about your strategy and the experiences of other investors such as yourself.

Good luck to you!

@Ben Huynh

Ask a couple different brokers in your area what they charge and what services they have to offer to support that charge.  "appropriate percentage" is a variable...I would say it depends.

Good luck!

@Will Kim

Welcome to BP! This place is pretty hot for info.  You'll do well to spend some time reading and hitting up the podcasts.  Mega knowledgeable people here with a wealth of info.  Ask all the questions you can and see the results pile in!

Best of luck!

@Tony Cook

Welcome! Glad you found BP!

Read as much as you can here.  You'll find the more you dig through the forums the more of your questions will be answered (and more questions created I'm sure!). 

I hope you can jump in soon and get the party started!

@Kevin Blakeslee

Welcome to BP!

Read as much as you can on here and ask lots of questions.  The numerous resources are impressive.  I have no doubt you'll find many helpful and direct answers to any questions you may have!

Good luck!

@brendonshane

Welcome to BP!

Resources are endless.  Make sure to check out all the links and play with calculators and ask people anything that comes to mind!!

Glad you are here.