All Forum Posts by: Dennis Wayne

My worst mistake is taking the genius advice on here about getting an agent and trying to find deals on the MLS . What a joke ! If it's on the market the deal already sucks and most agents can't organize the time and resources to pick their own nose ! Resulted in a lot of wasted time and money making multiple offers waiting around and all the games played by these hucksters

Tough choices It’s part of being a landlord and you bought yourself another job wether you believe that or not . There will always be winners and losers in life and let’s face it life is not fair. Jesus himself said “ In This life you will have trouble..” and “ the poor will always be with us ..” once you accept these facts it will allow you to make tough choices . Last year I had a smoking deal on a duplex with a new metal roof big 3/2 units nice place nicer price ! I couldn’t buy it because there were tenants paying literally half what they should . It was a grandmother trying her best on social security raising her grandkids . the one grandson about 10 yrs old had brain cancer and they were on a very tight budget with his care . I decided I can’t buy it because I know what that would mean for them . I protected them from me .

I am

Not a lawyer but I stayed at a holiday inn last night and I wear a cheap suit and a big pinky ring .

If they are not in the lease I’m not giving them squat end of story !

I think your spending too much time watching the lifetime channel television with your wife Or too maybe it’s many hallmark specials ..either way you need to get a handle over yourself and smack your inner child ! Stop worrying what people think because you’ll be da$&ed if you or da&$@ if you don’t ! Develop thick skin and just keep on . Look If you actually excel in life and become more successful than others around you then yeah your going to be labeled a predatory robber Barron or profiteer so just accept it . The lion doesn’t lose sleep over the opinions of the sheep !!

I take 48 then add 30 to get 78 then I just subtract 3 because I used 30 number instead of 27

This sounds crazy but it’s much much faster in my mind to do math this way

Of coarse do it ! I’d rent the attic the shed out back and neighbors doghouse to a bum if I thought it I could get some cashflow off it

I would buy two distressed sfh properties then owner finance them on payments to handy people in the area that want to be homeowners but bank won’t talk to them

Dear tenant

theres a new sheriff in town cuz I bought your dump . All funds will go to me now not that other clown . No funny business or I WILL evict you , that is all

Your new owner

Assuming you can do a increase legally I’d simply say say “dear tenant your rent is going up 300 a month if that’s not going to work for you going forward ..we will let you out of your lease without penalty . “

Immediately evict no mercy , they will turn it into a month long project every time if your kind sweet and extend grace unfortunately this isn’t a business to be big hearted and understanding ! these folks will sense weakness and exploit you every chance they can .