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All Forum Posts by: Ben G.

Ben G. has started 4 posts and replied 38 times.

Post: Networking with Wholesales in my area

Ben G.
Posted
  • Rental Property Investor
  • Will County, IL
  • Posts 39
  • Votes 11

I agree. More than 2 people would definitely be needed to have a group. I'm just saying you can put me down as 1 if you get any more interest.

Post: Question for long-time Cozy users

Ben G.
Posted
  • Rental Property Investor
  • Will County, IL
  • Posts 39
  • Votes 11

This question is for long-time Cozy users, or anyone who has had one or more leases renew using Cozy.

When you have a lease renew and you are re-signing the same tenant for another term, do you find it is most helpful to just change the expiration date in Cozy on the current lease, or do you create an entirely new lease with a new start and end date?

Thanks in advance!

Post: Networking with Wholesales in my area

Ben G.
Posted
  • Rental Property Investor
  • Will County, IL
  • Posts 39
  • Votes 11

Hey @Orlando Johnson I'd be interested in a meet up. I have no wholesaling experience and my knowledge is limited on the topic, but it is something I would like to get into.

Post: where do you get the market information other than MLS?

Ben G.
Posted
  • Rental Property Investor
  • Will County, IL
  • Posts 39
  • Votes 11

Neighborhood Scout is another good one I use.

Post: Tenants leaving due to neighbors below them complaining

Ben G.
Posted
  • Rental Property Investor
  • Will County, IL
  • Posts 39
  • Votes 11

Sounds like the downstairs neighbors will never be happy regardless of who is in there. Who knows, they may be interested in selling based on that. Never hurts to ask.

Post: Do most properties you buy cash flow positive?

Ben G.
Posted
  • Rental Property Investor
  • Will County, IL
  • Posts 39
  • Votes 11

@Bryan Tasumi, all the properties you are purchasing as an investor should cash flow. Otherwise, there is no point to purchasing them. They become a liability at that point and not an asset. Now, that said, all the properties you come across on your search may not cash flow at the original list price, but if you are going to purchase one, you need to make sure the price is right and you are cash flowing.

You can check out some of the calculators on BP by hovering over the "Tools" tab at the top of your screen. I also recommend reading "Cashflow Quadrant" by Robert Kiyosaki. You can read "Rich Dad, Poor Dad" if you want, or just skip it and go straight to Cashflow Quadrant. I thought CQ was better than RDPD anyway.

Post: Looking for a structural engineer, possible foundation issues.

Ben G.
Posted
  • Rental Property Investor
  • Will County, IL
  • Posts 39
  • Votes 11

@Davis C. I have a structural engineer who I've used before and was pretty happy with him. He is very thorough. PM me if interested.

Post: Hard Money Loans for soft money terms

Ben G.
Posted
  • Rental Property Investor
  • Will County, IL
  • Posts 39
  • Votes 11

What is the difference between hard money and soft money?