All Forum Posts by: Sochima Eze

I'm new to the landlording game, but I would be leary of renting to anyone with past evictions. My decision would also be based on how favorable to laws are to landlords in your state.

@Mike Dorneman how do you manage that effectively when using oil for a multi-family?

@Mike Dorneman going over the P&L statements I received this morning, the seller currently pays for heating. I can see just how expensive it is and will be passing on the property as I would be barely break even.

Currently looking at a 7 unit, split between two buildings on one lot, and it’s listed as having propane heating. Has any had any experience as a landloard with propane heating compared to oil?

Fantastic thread! I’ve been worrying about the new bill and how it will effect my rentals as this is my first year of owning property.

Kevin Buckley thanks! I'm just starting out, so I might be paying TD bank a visit soon.

Kevin Buckley what bank did you use, if you don't mind me asking?

Continue to save money while educating yourself via BiggerPockets. Like Rosston Smith said, fha would be a good start or you could starting looking outside of your area.

Bryant Schur where is the property? Your numbers look good to me.

Kevin Buckley were you able to get a heloc on your rental property? If so, were you occupying it at the time?