Rental and Cashflow Property - Management, Strategies and More

With in the past view days i have found that property management comanies are calling me. I would follow through with theese companies for three reasons :
-They would be a great asset as your renters list
-They do their best to keep your property filled
-They even offer bird dog comissions
Does this sound accurate to any one, please reply!
-oh yeah if you are investing out of state or country they could assist you in being your eyes and ears on you property. While you are busy doing more deals ofcoarse!

If the commercial property is currently being helpd in a trust or other entity, you might be able to assume ownership of that entity and refinance the property.

I'm trying to figure out if I should use our cash for a down payment and carry a note on one local, cash flow positive multi-unit complex or take the cash and buy out right multiple single family residences out of state? My wife's family is in that state and I realize there would be huge tax benefits when we travel back on leisure to visit. I intend to keep whatever we purchase as a long term income producer and not too concerned with resale. I'm in the early stages of trying to establish rental property income and wonder what's the best use for our cash.

I have been working on completing my first deal, I've had two accepted offers but niether went to closing. This house would be offered to a buyer on a lease option. Wanted to run my profitablity buy you all to see if you think it's a good deal, the purchase price includes rehab and holding costs for 3months. I was hoping to get the prop for less, because I can't refi at 75-80% LTV and get all my money back, so I can get the next deal. In todays market I'm only appreciating 1% per year, should it be more?

can determine cashflow, etc.?

Thanks

Hello everyone! I am currently looking to invest in "green" rehab properties in Detroit, Michigan. Before you scoff at Detroit, let me explain.

Okay, I found a company of Middle men, so to speak who purchase properties in the best neighborhoods there at a LOWWW wholesale prices. They have honed in their business to where they have a certified company of contractors who rehab these properties using eco friendly and energy efficient appliances, you the investor get the rebates and tax credits within 60 days of rehab being complete.
Also,all of the work is done for you!!

I have purchased properties that I was going to rent out to tenants and use as a passive income source or as a “cash flow” property and there are definitely different things that you will want to consider as you are getting a property ready for an investor compared to getting a property for you to move into. Renters are inherently not going to treat the property that they are renting from you like they would treat a property if it was their own. With this in mind you want to go for “functionality” and not “fancy and pricey”.

I am a newbie with a typical newbie question, maybe soneone out there can answer this for me. With no money or credit, I more than likely will not be able to come into any properties with my own money. That being said, I will be using hard money until my circumstance changes.

The question is....

I want my first deal to be a buy and hold, my exit strategy being to rent it out. The HM lenders i have spoken to will not lend for long term properties. Do I have an alternate choice so that I can still persue this route?

Any help from the DG crew would be great!

Thanks,
Rick C.

I was talking with mtg broker today about sending him my L/O people to get help with credit repair and mtg. He mentioned to me when you are giving buyer credits to a L/O tenant buyer, the credit has to be OVER the fair market rent in order for them to have it qualify for the mtg. For example fair market rent on 3/2 is 1200 you would have to charge them 1300 or more to give them a credit toward their down payment. Has anyone heard about this. I have been reading up on this, and it hasn't been mentioned in anything I've read.

Cathy

When I have rental properties, the four key factors I consider are strength of the local rental market, eviction time line and cost, the age of the property, and the type of neighborhood.