All Forum Posts by: Dave Kush

I would recommend a very through background checking service. I use this company... Found it to be more useful than RentRedi, etc. 

I have no affiliation,  connection , other then being a satisfied client. 

https://ntnonline.com/

Good luck and congrats!

Dave

Some agents might pay, but for them it's more like a referral than a lead.  Maybe you can use these as an opportunity to gain rapport with agents in those markets.  IE: you send them leads in exchange for access to their flippers.  Then you have a person in that market if you get an investor deal.

I agree with Kevin. The rule of thumb can be useful for sizing something up to determine if it's worth investigating more.  Before you make an offer, find out all you can. It might even be worth it to reach out to your contractor for a quick conversation.  If you've looked at the house, including the foundation, I'd make a list of all the repairs you think are necessary.  

This is also what inspection clauses are for.  Make your best estimate with the info you have.  If during inspection it turns out to be a light repair, great--you've accounted for that.  If it turns out to be really serious, like described above, then you can renegotiate with the seller and/or cut bait.

Hi Ashley!

A good place to start would be to contact a real estate agent, or perhaps even a lender in your area that can answer these specific questions. The lender will be able to give you the most precise answers about purchases and financing, but the realtor can give you broader information as needed. Both are critical parts of investing. You don't need to wait to start forming relationships with these people. In fact, it's probably better that you start now and let them know where you're at. 

I definitely recommend using bigger pockets to locate people. I have had very good luck with the referrals from this site in both areas. 

Good luck!!

You can definitely do the vinyl plank flooring in both areas. If you have the budget and the time and know how, tile might be better in the bathroom. If you search the forums here you will find mixed opinions on vinyl plank flooring in bathrooms. Tile is tried and true.

Using 1, 2, and 4. About to start using 3!  Haven't had any fights yet, but about to swap tenants!

Good post. I agree about not collecting in person. Not only is it easier, it leads to more on time rent payments, and it also helps convey expectations.  I learned about curb appear when flipping...Front door, mailbox, address plate, simple clean landscaping...a cheap investment to get a good return.

I like flip with rick too. Lots of good free info.

I like that idea a lot. Ask the lawyer about it for sure.  

Hi Keaton,

I had one on a personal residence and liked it a lot. I'm actually about to replace the front door on my apartment building and was probably going to go with Fiberglass.  I live near Chicago, so we get all 4 seasons and a ton of moisture.  Fiberglass door held up well.  Fiberglass is going to cost 100-300 more, but the door I'm replacing is probably close to 50 years old, so for that length of time, a little more on the cost isn't the end of the world. 

I'm interested to hear what NEGATIVE things people have to say about fiberglass entry doors.  I don't see any drawbacks but haven't ruled that out.

Dave

Man, I'll take 18% CoC anywhere I can get it, provided the deal fundamentals are solid. That said, no direct experience with mobile homes.