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All Forum Posts by: Nick Henson

Nick Henson has started 0 posts and replied 67 times.

Post: My Newspaper Ad - Your Input is Appreciated

Nick HensonPosted
  • Real Estate Investor
  • Long Beach, CA
  • Posts 74
  • Votes 17

I like the first one best. It speaks more clearly to money than the other 2. I realize it's a little late... Have had any responses yet?

Post: Ant Farm: Have you ever gotten a lead from a sanitation worker?

Nick HensonPosted
  • Real Estate Investor
  • Long Beach, CA
  • Posts 74
  • Votes 17

I've never done it but that's a fine marketing tool there! I might use it myself and if I were a sanitation worker, I'd be bringing you addresses! Pull the trigger!

Post: How often to send letters?

Nick HensonPosted
  • Real Estate Investor
  • Long Beach, CA
  • Posts 74
  • Votes 17

You have to use your common sense and good judgement. There is a fine line between diligent marketing and being an idiot. Try putting those people you have made contact with but are not selling on a different list and send them a "thinking of you" type of correspondence every few months (2-3). Maybe a refrigerator magnet or postcard - something they can keep with your name & number. That way you're not badgering them. Good Luck!

Post: Pets or no pets?

Nick HensonPosted
  • Real Estate Investor
  • Long Beach, CA
  • Posts 74
  • Votes 17
Originally posted by George P.:
Can you charge for replacing the carpets in certain rooms (spots or smell) without running into "it's normal wear and tear" resistance?

Take these costs into consideration when calculating the pet/rental deposit. You should be able to deduct it from the deposit after vacancy and be sure to give yourself enough time (30+ days) to return deposit so you can take care of all the repairs before giving any money back. There should be no resistance if you include an itemized account of what you spent the deposit on with the refund (or letter explaining why there is none).

Post: Steam heat effect on sales price?

Nick HensonPosted
  • Real Estate Investor
  • Long Beach, CA
  • Posts 74
  • Votes 17

Tough question. I think there are 2 ways to approach it. Some may say "of course you have to replace it, it's old". But with the outrageous costs of heating a home, some buyers may think it's great. I guess it really depends on how well it works. Try it out. If it works well and passes inspection, I'd probably try to sell with it. Let us know how it works out!

Post: Qualifying for a Loan

Nick HensonPosted
  • Real Estate Investor
  • Long Beach, CA
  • Posts 74
  • Votes 17

Some lenders may still accept 12 - 24 months of bank statements showing deposits or, if you use and accountant, their records.

Post: Real Estate CONSULTANT/AGENT

Nick HensonPosted
  • Real Estate Investor
  • Long Beach, CA
  • Posts 74
  • Votes 17

I think a lot of agents do that so as not to limit the impression to them only being able to negotiate transactions. They want to be known as "real estate experts" (but of course can't use that title) so people needing to rent or lease will contact them as well.

Post: Refrigerator?

Nick HensonPosted
  • Real Estate Investor
  • Long Beach, CA
  • Posts 74
  • Votes 17

Great idea Wheelhouse! All in all, I think not having a refrigerator just makes buyers think of how much more they have to spend to live in the house. Smart ones already are thinking about utility estimates, any extra furniture or fees they have to pay. In the scheme of things, the cost of a fridge is small enough to wipe out the worry.
Good Luck!

Post: CraigsList scam - beware

Nick HensonPosted
  • Real Estate Investor
  • Long Beach, CA
  • Posts 74
  • Votes 17

Wow! That is a good one. About the only clue is the lack of a phone number or phone call! Thanks for sharing this!

Post: New Investor from Columbus OH

Nick HensonPosted
  • Real Estate Investor
  • Long Beach, CA
  • Posts 74
  • Votes 17

Congratulations and welcome, John! It does sound like you are off to a great start and those numbers sound great. Post often and let us know how you're progressing!
Good Luck!