All Forum Posts by: Jimmy S.

If its an investment property, I doubt it. They will want 20-25% down.

Im 24 right now and have 3 SFH and put 100% of my money I can into real estate. I got my first one by getting a cheap fixer upper and rehabbing it all myself to build equity and pulling the equity out to buy more. If your pretty handy I would look for a fixer upper. First investment property is the most important to make sure you start off right. Location is most important to me also.

is this on a investment property or your primary residence? Just curious b/c im at 5.25 on a investment.

yes that will be a lesson learned and will definitely add that into my lease. Guess I never thought a tenant would write me a bad check, LOL. lesson learned.

Thanks

Hello,

Received rent by check and 3 days later check bounced. In my lease it says a $40 late fee for paying late but who should eat the fees for depositing a bad check from tenant? Can I charge them for the bank fee or how do you handle this? Would you charge them a late fee and also a bank fee then? My lease does not say nothing about writing a bad check.

Thanks

Tenant lease is expires and have pre paid last month rent and security deposit up front. Do you collect the difference at renewal to add up to 1 full month security and 1 full "last month rent or do you let them slide?

Example

Current rent 1000

Current Security 1000

Current Last month rent 1000

*** New rent price 1050

Do you collect the remaining 50 for the security and 50 for last month rent? first month of renewal payment would be 1150 for the first month (or I can give them 30 days to get the remaining 100)? I would strongly like to but wanted to see how others do it.

Has anyone use them before, are they legit?

I would definitely like to hear other peoples input as well. Its very hard to get a deal if you can only write one offer and wait to hear back. I would hate to play dirty but the banks do all the time....

From what research I did that if 2 offers would you though at the same time you can always say you lost your job or some other major financially thing happened to you which would get you off the hook and your down money back since you no longer can afford the house or if interest rates go up....

I use allure trafficmaster from home depot. Its pretty cheap, very easy to install, not much waste if any and holds up very well. Also its scrach resistance and waterproof, plus it looks good.

More of A Story.........

I went to the post office to open a PO BOX and have like 50 different box number but for some reason I ended up picking BOX # 13. Next day tenant calls and is complaining about problem.

Would you keep P.O BOX 13, im second guessing my self on the luck of 13 and have no idea why I choose that one. All day I keep thinking if I should change it because I dont want bad luck with tenants. If I change it the lady at the desk will think im nuts or mabay I am... Just thought I would share it with you LOL