All Forum Posts by: Shanequa J.

Check your local laws pertaining to leashed animals.

It is comedic regarding what you @Tom Cooper say about the other posters. They are unneeded and makes the post look shady. 

Here is my opinion about the meetup group. @Steve Dancer does a good job with giving new investors information without teasing them for a paid membership or mentor program. I'm not experienced, but I know a little bit. Most of the stuff taught is what I already know, but that's what the members want to hear. I did pick up bits of information from his group so it was well worth it. Free meetups are only for new investors and for networking. Paid individual speaking engagements are where more advanced info is given.

I have attended The RICH Club, The Wealth Club, and HRENC. All consisted of upsells and plugs for their company. At least he is offering a service that everyone will benefit from. He offers a referral system and his company to list houses. The next good meetup was HRENC, but her husband pitches his mentor program for 30 mins. RICH and Wealth Clubs are both teasers. They hype you up then hit you with the price to join. Plus, members still have to pay $99 or so for the better advanced individual meetups. 

Unfortunately, since Flipping Houston Houses meetup days are changed I will be looking for an REI that meets Thursdays or Fridays. Feel free to offer recommendations.

It sucks the meetup day is different. I work late on Tuesdays.

Open title, get an inspection, and get a quote on property insurance. Are you going to get the loan in your personal or business name? Also is she going to use her name, trust, or business as the lender? 

Find out how much money she wants to get a month and go from there. If she doesn't want to hold the note for a long time, you can do a balloon payment. I don't offer a down payment nor an interest rate unless they want it. For example: 100k paid off in 10 years. 

Use a loan servicing company. It looks more professional plus it protects both parties. I just set one up with Secure Net Loan Services. I can't give you a review yet since I've never used them before. It cost $125 to set up and $25 a month. Google loan servicing companies and you will find more. Give 

The title company's lawyer can write up the note and deed. I think mine cost about $900. If you plan on doing more real estate, try to use the same title company every time. Familiarity is important.

I have 2 properties under contract for 40k each and about 6-8k in repairs for both houses. Getting the HML is not hard. Refinancing out of it is what I'm finding to be difficult. Does anyone know of a bank that would refi a blanket loan on 2 houses worth 40k with 16k in repairs for a total loan amount of 96k?

I have 2 rentals under contract with paying tenants. They are month to month with the current owner. The rent is $150-200 under market, but it needs updating and small repairs. Should I give a vacate notice to 1 tenant, fix it up, and increase rent with a new renterm Then do the same with the second tenant. Or should I continue to let them stay there at the current price without doing any updating/repairs and wait until they decide to move? 

The second option sure would be the easiest.

Maybe they are trying to tell you that the PM sucks. Here them out before you block them.

I've found that my niches with less than 1000 addresses don't get any calls or not enough to get excited for. 

Continue mailing to the ones you have, but buy a list to beef up your numbers. They aren't expensive. The actual mail piece is what eats up your money.

Also, I've noticed that the people you think would call because they need to sell (code violations or delinquent taxes) are the ones that don't. 

Download the Google Voice app to your phone. This will allow you to make calls through your GV number.

Congrats. I know you're going to hit that 200k mark.