All Forum Posts by: Yinan Q.

@Shawn Jacobs Thank you so much for sharing. Very useful information. Do you have any suggestions on how to prepare yourself before talking to the special asset officer? I would assume showing you can do cash purchase would help. Anything else?

@Derrick Strope Congratulations on your first call. It's a great start. Call #2, #3, and ... are not far away.

Just got en email form WilliamPaid today indicating their online rent collection service will stop on March 5. 

They did recommend a few alternatives that provide similar services, including:

1. Renttrack.com
2. Clearnow.com
3. Payyourrent.com
4. Rentpayment.com

Other alternatives are discussed here.

I have been using Williampaid for more than 1 year and have been a happy customer. Not sure why these services are shutting down one after another. It this just coincident? Anyways, the good thing is that here are alternatives available.

I would think this person has insurance in case of natural disaster and legal protection (LLC. or some other type of entities) to protect his personal assets.

@James A. I am sure you will find plenty rehabbers and buyers here. it seems to me deals are harder to ffind thhan money.

Personally I don't like reading letters all written in BOLD and CAPITAL. Maybe you can keep words you are trying to emphasize in capital, such as sell and selling and use lowercase for the rest.

I am not a marketing expert, just my personal preference.

We bought our first house through a relocation company in 2010. Given the market downturn, it was pretty much a buyer's market. It was fairly easy to negotiate with the relo company and we got the price down to our target range. 

Those days a long gone and the market now is totally different. I am sure they know that too. So I am not surprised by what you described. In the end, it is a seller's market now.

It's important to make sure you are comparing apples to apples when comparing quotes from contractors. They may have different understandings of your scope of work if it's not clearly written or discussed.

 Yes if cash flow is what you are after. 

@Kimberly Dawn Welcome to BP!

I am sure other members in the Seattle area with experience investing in Whidbey island and surrounding area will be able to give your more first hand experience. 

As for your question regarding self managing properties 40 miles away, I think it is not a big deal if you know what you are doing. There are some BP members invest in out of state and self manage. It really comes down to two things: quality of your tenant and your system.

I would account PM fees in the analysis so if self management doesn't work out you could turn to plan B and still cash flow.