All Forum Posts by: Charles Carillo

@Maria Rina Boidon

I personally would probably keep a cash-flowing and not management-intensive property. I have found that some properties I have purchased run smoothly, and others, no matter what I do, don't, and those are the ones I sell. There is no rule about selling single-family rentals before getting into multifamily. I would start your multifamily investment journey now.

@Yuval Manor

We have partners who are foreign investors. DM me, and I will send you contacts for attorneys, lenders, and accountants they have previously used. It is important that you hire professionals who have experience working with foreign investors.

@Anne Christensen

A couple of years back, my wife and I set up a very in-depth asset protection plan. Feel free to DM ME and we can discuss. I am not an attorney and I do not want to provide specific details in a public forum.

@James McGovern

A common issue with cash for keys is the landlord is suggesting a price to the tenant. I always have the tenant tell me their number. Usually, it is lower than what I would have expected.

On a side note, what other options do you really have? If they are not paying (I imagine that is the issue), will you go through the whole eviction process over the next few months versus giving them a few hundred bucks? I began my career with rental properties in CT, and the eviction process can be brutal. 

@OSAMAH AL-BAGHDADI

• Analyzing a market
  • Sperling’s Best Places
    • http://www.bestplaces.net/
  • School Digger
    • https://www.schooldigger.com/
  • State & Local
    • https://www.statelocalgov.net/
  • GeoMetrx
    • https://geometrx.com/
  • Social Explorer
    • https://www.socialexplorer.com/
  • Justice Map
    • https://justicemap.org/

• Safety/Crime Statistics
  • Spotcrime
    • https://spotcrime.com/
  • Family Watch Dog
    • http://www.familywatchdog.us/
  • Neighborhood Scout
    • https://www.neighborhoodscout.com/
  • City Protect
    • https://cityprotect.com/
  • Crime Mapping
    • https://www.crimemapping.com/

@Carmen Assang

They paid September rent but have not fully paid July or August?

When a tenant pays rent, I apply it to the oldest month of rent owed first. For example, if someone pays me rent in September but owes me rent for July, August, and September, I record it and provide them with a receipt for paying rent for July. Technically, they still owe 2 months of rent. If they paid 2 months of rent, I would record it as them paying July and August rent (September still being outstanding). 

@Amby Bhagtani

• Analyzing a market
  • Sperling’s Best Places
    • http://www.bestplaces.net/
  • School Digger
    • https://www.schooldigger.com/
  • State & Local
    • https://www.statelocalgov.net/
  • GeoMetrx
    • https://geometrx.com/
  • Social Explorer
    • https://www.socialexplorer.com/
  • Justice Map
    • https://justicemap.org/
  • Google Earth / Google Maps / Street View
  • Free Map Tools – Elevation Finder
    • https://www.freemaptools.com/elevation-finder.htm
  • Census
    • https://www.census.gov/
  • https://www.census.gov/programs-surveys/ahs.html
  • https://data.census.gov/
  • https://censusreporter.org/
  • https://www.census.gov/quickfacts/fact/table/US/PST045221
  • City-data
    • http://www.city-data.com/
  • Socialexplorer
    • http://www.socialexplorer.com/
  • Costar
    • http://www.costar.com/
  • Colliers
    • http://www.colliers.com/en-us/us
  • Department of Numbers
    • https://www.deptofnumbers.com/
  • Data USA
    • https://datausa.io/
  • Bureau of Economic Analysis
    • https://www.bea.gov/
  • https://www.bea.gov/itable/
  • Bureau of Labor Statistics
    • https://www.bls.gov/
  • St Louis Fed
    • https://fredblog.stlouisfed.org/
  • Zumper
    • https://www.zumper.com/
  • NMHC
    • https://www.nmhc.org/research-insight/quick-facts-figures/
  • Apartment List
    • https://www.apartmentlist.com/research/category/data-rent-estimates
  • Stats America
    • https://www.statsamerica.org/town/
  • Reventure
    • https://map.reventure.app/dashboard
  • Safety/Crime Statistics
    • Spotcrime
      • https://spotcrime.com/
    • Family Watch Dog
      • http://www.familywatchdog.us/
    • Neighborhood Scout
      • https://www.neighborhoodscout.com/
    • City Protect
      • https://cityprotect.com/
    • Crime Mapping
      • https://www.crimemapping.com/
    • Walkability
      • Walk Score
        • https://www.walkscore.com/
      • Checking Rents
        • Rentometer
          • https://www.rentometer.com/
        • Apartsments.com
          • http://www.apartments.com/
        • Apartment Guide
          • http://www.apartmentguide.com/
        • Craigslist
          • https://www.craigslist.org/about/sites
        • Zillow
          • https://www.zillow.com/

@Sathya Priya Sampathkumar

We have partners who are investors on Visas. DM me, and I will send you contacts for attorneys, lenders, and accountants they have previously used. It is important that you hire professionals who have experience working with investors on Visas.

@Sanjeev Advani

More strings are attached to these agency loans. Similar to COVID, when it was difficult or not possible to evict tenants if you had one of these mortgages. It makes bank financing look more and more favorable.

@Vivek Kumar

I would probably put them on a 6-month lease and charge them 15%-25% more monthly.