All Forum Posts by: Jonathan Sher

Thanks David,

I appreciate the kind words. Everyone around me is being supportive which is a huge bonus and is very well needed!

Anything in decent shape has been going for asking price or higher, over asking price more than at asking price in my area. I'm an all cash buyer and the competition has increased dramatically. A lot of the listings here are Fannie and HUD. We have started to see houses not make it past the 15 day waiting period, which means owner occs are most likely getting in the game.

This is happening in my market as well. Every property goes to multiple offers. I found a way around it... offer more.

Thanks Justin!

Hey Keith,

I see this fairly often in areas that I invest in. I always make sure the construction was done well and nothing looks fishy. The garage conversions can be very nice or poorly done. You can usually tell pretty fast when you walk into them. I always felt it was an initial turn off, but other investors in my area have no problem scooping up the property, as they don't last long on the market.

Thanks James. When I first walked into my bosses office, I felt like I was confessing to a murder! It feels good. There's always that feeling of uncertainty of where the road will take me, but I feel good things will come.

Hey BP Fans,

No! not getting married!

I have been on this website for a couple years now and currently own 6 rentals. I made a big decision today! I put in my two weeks notice at my full time corporate job and am becoming a full time real estate investor! It feels so good to do it! It's what I'm most passionate about.

I plan on obtaining my license to not only buy my own properties, but to also facilitate other buy and sell transactions. I also have a couple opportunities to work with some RE syndicates around town!

I've got to say, BP has made this opportunity available to me!

Thanks!

Hey BP Fans,

I decided to start a thread in here to see who's lurking around here in Saint Louis, MO or the surrounding areas? I'm looking to increase my network!

Hey Michelle,

I think this is pretty common in the beginning stages. As far as the realtor thinks, you could just be a tire kicker. If you show you are very serious and want to submit an offer, that's when the agent should surely get you access to the other units, as they will have to notify each tenant that they are going to enter at some point.

Jon has a good point about figuring out why they are going to be late. It might be a made up story but it's good to ask. In my book it's good that the tenant called and told you this. Hopefully this is a good sign that it's a legit reason and you will get your rent a few days late with late fees and everything will be good from that point on. It's bad when they are late, and you don't hear from them, at least there's a sign of pro activeness.

I had a tenant that was late a few days each month. It was due to the timing of her paycheck like Jon mentioned. I kindly adjusted the payment date a few days for the tenant, which she greatly appreciated and everything has been smooth since then.