All Forum Posts by: Blake Jones

Thanks for the info.

Hi all. I inherited a few properties. One of them is in very poor condition. It is rented and the tenants have been there for about 8 years. It is a poor family. The property has a few broken windows with boards up over them, an interior door off the hinges, rot on the bottom of the cabinet under the kitchen sink from a leak some time ago, water seeping up from the concrete in a back room making the carpet damp if it rains a lot. The people don't clean it. The bathroom looks like mold central. The people are constantly late in payment. But they do pay (usually the middle to end of the month). They have never missed a payment. Just always late. They pay $475 per month. And they really don't complain about the condition. I think it's a situation to where as long as they are allowed to be a couple of weeks late they won't complain about repairs. As I said, I inherited this situation. I really don't care if they are fine with this. But I don't want the property ruined. When they move out it will need a lot of rehab. So I reasoned that I might as well keep cashing their money orders till that day comes. But I do question if it is wise to delay rehab for so long. And if I do rehab it I should get some better tenants. But for now I'm getting $475 each month and it's no worries. What would you guys/gals do? Thanks!

I have a couple of lots that I'm considering placing mobile homes on and selling for profit. Does anyone know where to get financing for mobile homes in Florida?

I flip vacant lots. I've got a lot i want to put a mobile home on. I don't want to use my own money. I want to use borrowed money. Anyone know of who will finance mobile homes for this purpose? Thanks.

Awesome replies everyone. Thank you. This definitely helped clarify things for me. I think the idea of having a handyman and local realtor on speed dial is the way to go. Thanks again for the input!

Greetings BP Community! I've been flipping part time for a few years and have done pretty well. I want to start getting more "passive" income (I realize it's not 100% passive) and buying cheap/high cash flow rentals. This year I inherited two run down junky rentals that my mom had when she passed. Those two rentals (that are worth less than 50k together in their current condition) yield me $1,050 per month (both tenants have been there 8 years). I would like to collect more of these types of rentals but I want them managed to keep the headache off of me. These two rental properties are in a very rural area and I've only found one property manager so far (word of mouth) who lives in the  neighboring county (no managers in the county of the properties, it is Lafayette County, FL - the 2nd most rural county in FL). I live about 5 hours away. So my question for you more experienced investors is: Is it hard to get property managers for cheap, high cash flow rental properties? I would like to flip more  and use those profits to buy cheap, high clash flow rentals. But I'm worried about getting stuck with problems and can't find good management. What do y'all think? Thanks!! 

Hi All! My wife and I are starting a flat fee realty company. We're looking at PPC and SMM to generate leads. Does anyone with experience in this have any counsel about the this? I'm wondering how to get started, how much it costs, and how to find some help. Suggestions and advice appreciated!