All Forum Posts by: Ashley Kehr

@Justin Butterfield I’ve actually used a BiggerPockets report to give a commercial lender before and they were very impressed. I was able to get a 90 day unsecured loan to purchase the property and then refinance to a 20 year term with them after closing.

The company I work for has a couple section 8 tenants. They have not been a problem at all. The section 8 housing company does yearly inspections with us and the units have to be in good condition for the resident to continue living there. They seem to take good care so their assistance isn't pulled. We have only had single woman as section 8 tenants, not by selection just has happened to be that way. 

My best advice would be to tell everyone you come in contact what you are looking to buy so you are the first person they think of when they know of someone selling.  You could also send out letters to owners of properties that fit your criteria. 

Great job Daniel! Good luck with your first property!

Hi Eric. Welcome to BP! I've only held two notes but both went well. My advice would be to put a late fee clause if you do a balloon payment if the person is depending on a refi to pay you off. If they aren't paid on time but their loan is in motion its not worth the hassle to foreclose but if you charge $20 a day its late, it will get them to do whatever they can to close on the new loan. Best of luck to you! 

I have a house that I purchased in 2018. In the past three months the zestimate went up by $20,000 and down another $10,000. I find that very inaccurate. Personally, I don't rely on Zestimates. They also greatly vary from appraisals I have received on properties.

HI Maxwell. Welcome to BP. Glad you decide to jump in to being a member. I don't do wholesaling but you will be able to network with a lot of people who do here. Best of luck to you!

and congratulations on your first property!

Hi Hope. I think doing cash for keys is a great incentive for them to move out early since you are having them move out anyways. I would give them notice as soon as possible so they have more time to find a place and can hopefully get out earlier. Good luck!

Hi Nicholas, You could always buy the house that is in good shape and rent the rooms so they pay your mortgage. You would earn equity this way plus you are living for free. I think there is still great value in this strategy even if you aren't using the BRRRR method. Thank you for your service!