All Forum Posts by: Carl Pickens

just sign the damn paper 

I have 38 units in what most would consider a high crime area, although i will say after spending a lot of time in these neighborhoods it doesn't really seem that bad. The tenants are just poor, not necessarily criminals, although some are.

PP range from 10-22k a unit, a mix of houses and duplexes... rents range from 375 for a small 1 bed to 650 for a 3 bed house. 

I don't really have many problems to be honest, screening becomes more important and it helps if you can really stay on top of them, do maintenance yourself, and look at it as a job. I would never try it from out of state. 

I have done it through guaranteed rate. 3 houses on one parcel. This was actually a fannie mae conventional loan. It was a pain to get done but is within the guidelines of fannie mae. It will take a very motivated loan originator to get you there. 

love it 

 home warranties are almost certainly bad deals for everyone except the company that sells the warranty and the agents who receive commissions / kickbacks for recommending them to buyers 

literally sitting in an MBA class right now distracting myself with BP. Have not learned anything useful and will graduate next semester. If you cant get started with 60-70k salary you should move. 

I have tenants who do this every month and i am glad to just collect the late fee. If i had to actually file for eviction then it would be a different story. Are they an otherwise good tenant? 

 couldn't resist a jab, i always appreciate your input 

 not too busy to post 22,000 times on bigger pockets..... 

well i've got a 80% unemployment rate among my renters and they are getting along just fine on government aid and sporadic under the table work. I also don't see them moving to the big city any time soon.