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Updated about 8 years ago on . Most recent reply

New Member From Atlanta
I live in Woodstock, Ga which is a suburb of Atlanta. I am a very active real estate agent and am ready to turn some of my commission checks into some investment properties.
I started listening to a couple of the newest BP podcasts only for me to realize I needed to start from the beginning. From the beginning, I am now on episode 21 and love the amount of information provided by both the site as well as the podcasts.
From listening, I feel like my first investment will be a triplex or a quad or even a mobile home park. I love the concept of spreading out the risk from one renter in a single family to multiple renters in a multi all while getting a little more cash.
I am now trying to figure out what area I want to be in, likely closer to my house.
Most Popular Reply

We had a few frustrated mobile home park owner come to us as managers to ask how to improve the process. I usually offer the same advice at the outset, which is to force a paperless system. All rent payments, work orders, everything needs to be electronic. Then they usually try to say it's not possible with their demographic, and then we prove them wrong. Anyone can get a routing number and account number, there are even internet banks now... banks without physical branches. Just be someone who only does business by electronic means (other than networking and relationship building). You'll thank me for it. Think of it as an additional screen measure. Why would you want to work with a tenant or a vendor who wasn't modern enough or established enough to have a checking account?
Buy a management software program and commit to paperless. I'll help you for free, no biggie. Send me a message.