All Forum Posts by: April Crossley

GC Recommendations in Berks depend if you are buying inside the city of Reading or outside the city of Reading.  I will PM you 

@Brian Cooke you have to give the tenant a code to pay at moneygram that rentpayment.com will give you. It cost my tenants an extra $3.50 to pay at a moneygram :) 

Hey Shane! My best advice is to find a local mentor. My students go through this same thing and I find that me guiding them and pushing them off the ledge is what it takes. It is a scary thing. Try your local REI meeting first.. you may be able to offer to pay someone a small fee to walk you through the first one or two. Hope that helps :)

We use rentpayment.com and it allows them to pay cash at a moneygram. You can also set up auto withdraw from her account. I switched all tenants to on-line rent pay. Tenants that were resistant, I simply told them that unfortunately this is the way out business is going and at lease renewal time I would be ending our lease agreement. Control your business. Treat it like a business. Re-train her. She will get over it. I went through it with a handful of tenanats and when push came to shove they didn't want to move and set up auto-withdraw

  Mark Koch of Koch & Koch. He is located in Reading. BP won't let me post an email or contact info but you can reach out to me if you need it. My CPA isn't taking on any more clients at this time, but I will ask around for you and see who everyone else is using in the group

Connect with the local meetup groups in these areas. There are LOTS of us.  

[email protected]  Thank you! 

I have found that no matter what these studies and surveys say- if you want to invest in a market outside of your own then you need to go there and spend a significant amount of time in that market. Everyone invests for different reasons (cashflow, appreciation, etc). And everyone has a different risk tolerance. The top 10 MSA's tend to be ones I avoid as they are already way over priced and very competitive. I listened to a podcast the other day where a very experienced investor was slamming an are in TN based on crime rate and saying how no one should invest there and I know a guy that owns TONS of apartment buildings in the area and is absolutely killing it on cash flow and loves the area for investing. So while growth in the area is important and I do believe all these studies are great and can give you some guidance I still feel like you have to explore. I had a coach once that kept it very simple: April - where do you like to travel to? Where do you travel to often? You will have to go check on your buildings so think of markets you like to go to. So I did... my parents live in FL, my sister lives in NC... I travel there all the time. There are a ton of sub markets within these MSAs... so I fly there, spend some time with family and go to the local REIA meetings and I am just relentless about asking people for information on different areas in their submarket. None of these studies, calculations, or surveys be able to even come close to being able to give you the insight that boots on the ground can. I take everything I see in these studies with a grain of salt. For everyone I know that is saying: stay away from that market.... I know someone else that is killing it in that market. You have to find a market that matches your investment criteria and risk tolerance.

@Shawn Connors can you please email me: [email protected]  I might have someone interested. 

Hey Phillip :) You will need an attorney to draw up a note and a mortgage for your seller to secure his position as the lender on the property.  I'm from PA and we settle with title companies here so the title company then records everything.  As far as a contract on the property you can use any contract and in the financing section just insert about seller financing and the terms.