All Forum Posts by: Lisa Misuraca

Not sure but I'd perhaps purpose it into a coin operated laundry room.

Sorry it sounds like you have the wrong rental co.Since March I've rented 2 units with not to much problem. Plenty of applicants.Mine were 2 bed recently remodeled in the middle of town for 700.00. No pets.Lots of calls. I used Zillow rentals and Craigslist.

Your rental co may be to strict on their approval process, Hard to find good credit scores these days but then you'll miss otherwise qualified tenants who do work and pay the rent.Hope this helps.

Yes I do what do you want to know? Where are you advertising them?Are you having trouble with the approval process? Credit checks?

We buy from Window Depot.

Rentometer googlei it....

Yes kinda seems like that but don't forget it's not you making the payment it's your tenants and your getting cash every month. And in a perfect world you'll get appreciation. 

You end up with let's say six 4-plex all cash flowing.

You can then play monopoly sell everything and trade up to an apartment complex that cash flows even more and on and on you go.

Okay the concept works great if you use your own money to buy and fix because you can then use that same money over and over again.Because you are buying properties that have lots of room to add value 

So when you refi you get your whole investment back to use again and sure you will have a mortgage but if you bought right you have the asset, but your tenants are paying the mortgage and putting some money in your pocket monthly.

Plus the 20% equity you created by fixing it up.

If you repeat it enough you end up with lots of equity and monthly income.

It really works better when you buy with cash, or OPM.And when your working with bigger numbers,and finding a screaming deal.

I've got a son who's 25 and a local agent.It all depends on what you knowledge level is and if your a hustler.Do you know lots of people who will need you for their real estate needs?From my experiences the best way to survive and learn is to work within a group,they usually have a mentor who teaches you how to hustle,follow leads etc.Its not the agency your work for it's your mentor and team.

From my understanding you should keep them open just don't use them because it shows the amount of credit available to you.It also wipes out your history with the cards when you close them.