All Forum Posts by: Brian Leon

@Joe Villeneuve if you’re so good at math then why are you asking such a basic question of how much you should put down for the property.

Hi Everyone - easy one here but wanted some people's thoughts on it. 

I have an out of state investment with a clause in my lease that states that my property manager can enter the home (with notice) in order to change the A/C filters every 3 months. The purpose for this clause was my ability to 'check-in' on the inside of the home to make sure the tenants aren't destroying the property. However, as of right now I have no reason to believe this is happening. Which option do you think is best:

1. Send my property manager to replace the filter and check-in on the property. Would this annoy the landlord even though its in the terms of the lease. 

2. Give the option to the tenant to change the filter themselves and send me a picture to evidence the change. Note that I'd be shipping the AC filters directly to their door.

I'm trying to have a healthy balance of not bothering the tenant although its to keep the home operating effectively vs. keeping an eye on my property. 

@Cleon Wilson Keep me posted on what happens during negotiations. Wishing you the best on this deal if you can close. 

Hey - I admire the cold calling but you had to think ahead if you got a ‘yes’ response. When it comes to negotiating directly with the seller you have to try your best to be educated and not have an offer come across as “disrespectful” that being said there may have to be a lot of dialogue about the property before you throw out an offer $140K below market. Best of luck!

Better to start investing $$ now. A year from now you'll have enough to ponder another deal. Let your money work for you for this coming year. You have to get into the real-estate game at some point, stop 'waiting' for another year. 

Marc Middleton hey Marc if you don’t like to enjoy a couple beers don’t worry these types of meet ups aren’t for you 👍🏻

Hi Everyone, For those of you who have out of state investments without a dedicated property manager do any of you have any creative ideas to just get a monthly check of at least the outside of the property to make sure things are in order? Maybe hiring someone from Craigslist? Ideas anyone?

Hope and prayers my friend hope and prayers!

Hello all. I'm looking to see if there is a market out there for a laid back Miami investor meetup. I wanted to bring like minded investors together not meant to be a meetup where someone will try to sell you on a program or property. I'm looking more to relax and connect with others in a comfortable setting (having a couple beers) and sharing stories on closing your first or 10th deal / landlord stories whether it be good or bad, or just ask questions to other investors for input or education. The point is to relax, talk about real estate, enjoy and learn. Maybe you want to some clarity on some questions you've been searching for online and rather talk to someone in person. Hoping everyone can make some good contacts in your own backyard with a like minded interest. 

IF we get enough replies we can start to coordinate a date and location. Hope to hear from you guys. 

Just bought in Texas. It ranges on how strong your offer is. Typically 1 to 2% of purchase price. The more contingencies you have the weaker the offer. The most common refundable earnest monies are (1) finding something you weren’t expecting as part of the inspection and (2) financing falling through. No real science to this one, very straight forward.