All Forum Posts by: Grigory Pekarsky

When searching for investment properties in Nashville there are several common pitfalls that many people fall into that reduces the potential return on your money or even causes you to lose money on a deal altogether. For instance, buying at market peak time could mean paying above market value prices which means more work if you decide to resell later on down the road while taking longer than expected due to a slower market. This is why it is very important that you do your homework before you get into the market.

Many people think that direct mail is old fashioned or ineffective, but it really depends on the type of marketing campaign you're running. If done right, then it can give you great results which makes this technique a viable option for many companies looking to expand their customer base. I have long been a proponent of direct mail marketing in real estate, even though I have also used cold calling for many years. I think a lot of people in real estate are really underestimating the power of direct mail. I know when I first started out in sales, it seemed like everyone was trying to sell me on cold calling and how great it is that you can get in front of so many potential home buyers right away. But after doing this for over 10 years now, I have come to realize that there is no better way to generate leads than through direct mail marketing. In fact, we were able to increase our response rate from 2% up to 15% with just one simple change. 

This is one of the most ultimate guide on wholesaling. Thanks, Chris! 

The main thing you need in order to get started wholesale houses is money (lots of investments), knowledge (Chris post will help!), connections (you'll make them here at BP) and drive (nothing more than your ability to pick up the phone and cold call). The road to wholesale houses begins with you. You need to be willing to put in the time and money needed early on. The great news is that it's not too difficult or expensive if you're willing to hustle.

The purpose of an "I want to buy your house" letter is to generate interest in the home. This letter should be brief, but informative with just enough detail about who you are and what you're looking for. The goal is not to describe every room in the house or provide a list of amenities provided by the property. It's also important that this letter doesn't come across as too pushy so it starts off on the right foot with something like, 

Dear Mr. or Mrs. Seller:

We have been considering purchasing a new home in your area and would appreciate if you could give us some information on the property listed below. We are available anytime to see the house and would also like to schedule an appointment with you. Please don't hesitate to contact me for more information or any questions. Thank you for your time and assistance in this matter. 

As a landlord, you want to make sure that tenants are paying their share of the bill each month, but also that they aren't being overcharged by making them pay for something they shouldn't have to pay for. Here is my idea on to separate utilities between tenants so everyone pays what is fair. The first step in this process is sitting down with your tenants and discussing the utilities you will provide. This gives them a chance to voice any concerns or questions that they have about what bills are being paid by whom. You should also take into consideration whether or not certain items are included as part of the rent payment, such as cable television. It's important that everyone who lives there knows exactly what their responsibilities are when it comes to paying the utility bill each month. If all tenants pay for electricity, but one person has another form of heating (such as an electric fireplace), then both can't use it at the same time without overloading the system. 

Now that I've built my 4-plex project, I can't wait to get started on the next one. While building the 4-plex was a lot of work and took longer than expected, it has been worth every minute. The income from renting out these units covers all of my expenses in owning them plus gives me some extra cash for other things in life. The best part is that this will continue to grow as long as I keep adding more units when opportunities arise. Once you have reached financial freedom with rental properties, you'll wonder why you waited so long before getting started. 

To enter into a residential short term rental partnership, you must be aware of your state's law. Each state has different laws regarding what type of entity you need to form (some states only allow LLCs and others don't even recognize that form of business). What assets can partners contribute? How are profits or losses split? What are the consequences if someone doesn't pay their share? All these questions need to be addressed in the legal document called an operating agreement. Although this default rule seems simple enough, it can get complicated very quickly. That is why I recommend finding a qualified attorney who specializes in real estate investing to help you through the process. 

I had a similar experience. Vinyl plank flooring is a great choice when you are on a budget and want the look of real hardwood. However, you should be aware that it can separate if not installed properly, which will cause it to lift at the seams or edges where two pieces meet together. This can happen due to moisture damage or improper installation techniques such as using too much adhesive or not allowing ample time for drying before walking on them. If this occurs you may need to replace the entire floor in order to fix this problem.

It is easy to use, saves time, and provides applicants with immediate feedback. Some of landlords express concerns about their money being wasted on rental applications like this. It seems as though these individuals are unaware of how much they may be losing without the assistance of such online applications. As they can use it to apply for multiple properties without filling out one form at a time. Applicants can fill out most of their information ahead of time so that they don't have to do it all on the spot when viewing an apartment or house. Landlords can save money by not having to hire additional staff members just to collect applications. Tenants with pets can list them on their Zillow profile so landlords know what they're getting into before agreeing to show them an apartment. And so on.

In the past few years, buying mobile homes for buy and hold rental properties has been a growing trend. The low cost of mobile homes makes them very attractive to investors looking to get into this business. However, there are also some downsides to owning these types of properties that potential buyers should be aware of before they make an investment. One downside is that you will not have access to the same tax benefits as with other rental property types such as single family houses or apartment buildings. You will also need more time and money in order to turn around your investments because it can take longer than usual for the value of a mobile home park to appreciate compared with other types of real estate investments like single family houses.