Sink or Swim Investor

[Nick Wolf]

I'm a new investor in Tulsa, OK.  my background is in heavy highway and commercial construction.  An unintended short sale flip in South Florida in 2011 opened my eyes to the possibilities of real estate investing.  Two sons and little league made me realize building roads was not the way I wanted to parent.  

This year I went all in with Section 8 Type single family homes.   

Now I have 3 properties

1) rented...tenant slow pays  

2) signed lease today (voucher)

3) currently remodeling.  

I'm learning nearly on the fly and taking in as much information as possible.  No turning back now.  Can't Sink

[Curtis Yoder]

Congratulations! You will learn more in the next year by doing something than most on this site reading for ten years!

1 - Don't accept slow pay without a substantial late fee. Late is late, if you allow it they will simply get worse until they get to you for a month or two worth of rent. 

2 - Get a good eviction attorney and always go after the former tenants if there are unpaid rents or damages. An eviction on their record alerts the rest of us, and now you, that they are not good renters! 

3 - No excuses, make it happen! You are well on your way to more success than you can imagine!