All Forum Posts by: Ernie V.

@Shawn Ackerman 

I got  http://viplumbing.net/  they are coming tomorrow to start the work.

Anyone? 

Looking for a Plumber recommendation in Milwaukee Wi area.

Please advice.

Called like 7-8 different companies/plumbers no one seems wants to make money.

Thank you guys for advises!

Anyone?

Did you became Lawyer or Doctor or something that can make more than 39K? You definitely need to clean that debt before you can get in to the real estate

I would suggest to read Dave Ramsey.

Hello everyone,

I just purchased my first rental, which is duplex. I'm going to live in one unit and rent another one.

I have a bunch of questions.

1) Duplex is near college and I believe alot of interest to rent unit will come from college. There is alot of international students as well. I know base rule of thumb rent is 3x times income. What if students don't make that much? Can I ask for parent to cosign? Is there any additional paperwork regarding that?

2) Since we are going to live on another side of the property, should I tell them I'm the "manager" or their landlord? 

3) How to prevent parties?

4) Where would be best areas to advertise besides campus and craigslist?

5) I would like to run Criminal and other backgrounds on potential tenants. Best place/site to do that?

6) Should I have lawyer to draw rent agreement or just use one from file section?

7) What else do I need to have drawn by lawyer?

8) Any other advises that I didn't mentioned here, but should to know.

Thank you so much. 

@Davon Lowery what is "flipper" exactly? 

@Gino Barbaro@Sarah ZiehrThank you so much for your input! 

@Rebecca Knox Thank you for sharing your story. We will definitely contact him.