All Forum Posts by: Edwin Williams

I have my mortgages pulled from my bank account on the 1st of the month from my lenders. Right now I'm thinking of moving the date the money is pulled to the 15th so I can see what plan Uncle Sam comes up with. It will also give me time to see who doesn't pay the rent this month.

Any other thoughts?

Hello @Mo Muigai this sounds as if you need a real estate lawyer for yourself to draw up a contract. Each of you need your own lawyers.

@William Matory how can I get more information sounds like a no brainer.

@Jordan Tinning that's a really good question. I'm a cash flow person too. 5 years ago it was Memphis, Cleveland, Indy, KC a bunch of mid west cities. Today we can all get into those markets but where are we in the cycle of those markets, it's maturing and everybody is in. I have some places in Columbus that I bought a few years ago because I was trying to get into a market where it was still early in the cycle and find places a property manager would manage. Today Columbus is HOT I don't know as an out of state cash flow investor if you can get a real deal that maximizes cash flow. The investors with boots on the ground are going to pick those deal immediately. If you have some cash find a place that needs a little TLC and maybe you can find a deal.

You are getting some suggestions here on this forum explore them all because it easy to verify what you are offered at if it pans out jump in. All the best happy hunting!!

@Jordan Tinning Be very careful if you want cash flow all you have to do is get into the cheaper areas in any of the cities that are going to be recommended to you. Understand that great cash flow is going to be compromised with headaches and headaches in real estate cost money.

I would focus on where can I find the best balance of Realtor, Property Management and property. I would say the PM is going to be the most important. If you focus on cash flow it may not end up flowing into your pocket.

@Allen Humphries save your time. Move on...people have issues and have to move. She changed her mind about the place.

Re rent the room to someone else and focus on whats in hand; 2 paying tenants....why hassle them for more money you are going to end up with 3 vacant rooms.

Think amount the time dealing with this....re rent and move forward.

Good info Rob. What's the reason for this surge? I have a property in this area and I've been getting calls about once or twice a week over the last year asking if I'm interested in selling. 

You could pay the credit card balance off in full each month. That would make it interest free. 

I've done 5 loans with:

https://www.ridgelendinggroup.com

If you need a name let me know.

@Cau Phu there's a website called rentometer. It will give you some information. You can also look for similar units on Craigslist. All the best!!!