All Forum Posts by: Toshia Booker-Blakeley

I guess it would really depend upon how much you both trust your  long time friend. It would help if he/she is more knowledgeable as Flips are very strategic and you two are just starting out in regards to experience. Using the equity can be good for a short term option and when you receive the profits from the flip just pay yourself back. Main point: Ensure you have an agreement in place as business can ruin relationships and don't make any decision based on fear because scared money doesn't make money... Hope this helps :-)

It would depend on what "live off of" means to you. How comfortable you want to be and how expansive you would like to grow your buy & hold investing business. I would calculate annually ALL of your expenses including monthly reoccurring bills, annual bills, and purchases you want to make. After you have tallied all of that of course divide by 12. This will be how much monthly  you will need to net from your passive income properties and how many properties or "doors" you will need to have. The great thing about this number is all of your expenses are already included. Hope it helps :-0

It can get a little touchy when the Listing Agent is also representing the buyers agent or also known as Dual Agency. Fiduciary responsibility is really important when it comes to this type of situation. I would recommend seeking another agent to represent you just to ensure your best interest is adhered to. Our standard EM is 1,000 submitted with the offer as consideration. You can submit more which generally shows you are a serious buyer and serious about purchasing the home. Attorneys normally do not get involved until there's an executed contract. Hope this help :-)

Our standard is 10% plus month rent for units that are rented 

If your lease allows maybe you can try and sublease. Technically the date of lease termination is the date adhered to unless proper notice is given on both parties side. If you have paid a security deposit and your state or local law allows, maybe he may also accept that to help in lieu of rent(s) for month missing. Hope this helps :-)

Not using preventive maintenance and or fixing repairs early

Buy Rehab Rent Refi is a great strategy to utilize when seeking to give yourself leverage for future investment purchases. You can also L/O or Lease option the home which allow you the cash flow advantages of being a Landlord mix with the Flipping advantage of cashing out once the tenant buyer purchases the home at the end of the lease term (generally between 2-5), also known as Hybrid Investing. I would recommend using BRRR when you want to hold the property a little longer than 6 months. Hope this helps :-0

Do you NEED help filling your VACANCIES?

Well, I have clients and would like to help you fill those vacancies. I have several Non-Exclusive agreements with other companies and would like to extend the invitation to work with your company as well. Our goal is to send only qualified clients to your property whose wants and needs match what the property has to offer. Each prospective client is thoroughly interviewed to determine their housing needs, income, and other qualifying information. 

I would like to work with you. 

I can be reached via phone or email

[email protected]

312-589-0385

My partner Russell & I have over 4,000 tenant buyers that are looking for sellers willing to sale their property lease to own. In case you are unfamiliar, a lease to "own" or "purchase" option is allowing the tenant to buy the property at the end of the lease agreement. Our tenant buyers have been pre-qualified prior to joining our list and understand that at the end of the lease agreement their intent is to purchase the property.

Some benefits include:

• Full asking price (within reason)
• Full market rent
• No commissions 
• Our tenant buyers are responsible for the first $5,000 in any/all repairs
• Home is sold "As Is"

Our tenant buyers speak with a mortgage lender prior to being added on the list to see exactly how long it would take them before they did qualify and could take out a new loan and pay off the house. Generally buyers qualify in 1-2 years. In some cases our buyers start out willing to sign a 3 year lease agreement.

Allow us to help move your property today! 

312.589.0385 Direct
[email protected]