All Forum Posts by: Denise Supplee

Investing and managing properties for over 30 years, I can say that keeping to locations that are landlord friendly in regulations can be key! Years ago, I had a property in Philadelphia with a "professional tenant" (one who knows how to play the system) use the Philly departments and it took us over a year to remove her. It became a nightmare! Additionally, understand that when you invest in the lower B and C area's, not only do streets vary from one to another-but one can change rapidly. Good luck in your investment journey and wish you much success!

If you choose to move forward, make sure that you do all your due diligence. Get the mom to be a co-signor on the lease and be responsible for all lease terms and conditions. Make sure you conduct a thorough rental background check on the mother. 

I help family manage a property in Florida. The insurance costs have gone up ridiculously. And it is owned by a senior who depends on that money to pay for living expenses. It is really sad. I have been looking and checking out insurance agents all over and prices not much better - frustrating to say the least!

Welcome Seth! Very exciting! Also be sure to check the landlord tenant laws for the location you want to invest in. Having landlord friendly laws can be the make-it or break-it. Wishing you the best of success!

My son-in-law did this. He has construction experience. So, he partnered with someone who was the financier and he handled the hands-on work. He was able to not only get a return but it assisted him in moving forward on his own. Consider partnering with someone. Just be sure that you get all the legal ducks in a row. 

I would never put all my money in crypto! I will NEVER put my money in one place. Do I have some there? Yes! But diversification provides a bit of a safety net. And that means investing in stocks, bonds, real estate, crypto and precious metas. For me, investing in real estate has been very good, for the most part. Like many, I had some issues in 2008. I have created with my partner Brian the coinvesting club and participate in it as well. We have invested in large apartment communites, land, vacation resorts and even an industrial company. Looking into precious metals and who knows... maybe crypto will be on the horizon. Anyway, sorry for the rant... but I wholeheartedly believe you never invest all monies in one place..

 Thanks Jeremy, I am finally doing ok. And I have learned alot on my trip here LOL!

 I know how tough these things are. I hope she is more cooperative than not for you!

@Jeremy Beland, love this post! Mindset is definitely really important. I have learned more during tough times or my own mistakes and learned to accept those as a learning lesson and move on! I am a total believer in goal setting. Choose short-term and long-term, and keep your mind on them! And your eyes too! Good luck in all you do!

Hello @Tom Grieshammer,

I was a real estate hands on investor for years. To be honest, a fews years ago, I got tired of the aggravation. My partner and I of Spark Rental wanted to find a solution. And we came up with our co-investing group. We invest in large commercial deals including apartment complex's, land flipping, vacation communities and so much more. Now, that is where my money is invested and I do not have that time and aggravation spent on renters, complaints, maintanence and just the every day tasks. Anyway, I wish you the best in what you choose and great success to you!