All Forum Posts by: Isiah Ferguson

I always hear people conversing about leveraging thier entire portfolio which is a great way to go. But is there power in NO leverage ? I was just concern of what people thought of dumping staright cash into rental properties. Does anyone believe in NO leverage ?

@John Nachtigall Thank you. I really appreciate it and will also keep you posted on the tenant move in. This will be my first time with this process as well. My first tenants were inherited.

Hey @John Nachtigall. Tenant was suppose to leave June 9th which was forced by the judge. She decided not to leave and in the next hour or so I went back to the county court house and requested the sheriff dept to do a lock out. They schedule the locked for June 21st which was yesterday. When we got to the property the tenant was gone. Thank GOD lol. She left a few belongings and not sure if she coming back to get them. I changed the locks and the sheriff told me to give her 7 days to get her items and if not get rid of everything. Wasn't the easiest process for a beginner like myself but a good experience too see what I could be possibly dealing with in this buisness. The process was a learning tool for me. Now I have my unit back, I'm looking to get a handyman to come in and help me with the turnover, so I can get it rented asap.

I'm currently at lowes and will be going to Home Depot shortly. I'm going to these stores to find contractors or handyman in my area to work with for FREE. I'm looking to work under and HELP multiple people. I want too help as many people as I can free of charge. Just to be an asset to someone I can learn from. I want to learn about every aspect a house has to offered. I'm here too help and learn for FREE. Experience can be your best teacher and the things I learn I can implement to my business. Also in the near future since I will be doing repairs and tenant turnover. I know who's just tellin going me prices and who's being authentic. I think this is a great approach. Wish me luck !!

Congrats on taking the leap of out-of-state investing. Goodluck and way to go !!

On this bright side of things, i see this as a great leanring tool for you. I suggest too either partner with a contractor or get a Hard Money Loan too do the rehab. Once you finish, you can either sale the property or refinance to get your money back out. idk just my $0.02....

To create financial freedom & everything that will come with it. Too change my family structure of being a working class to entrepreneurs. & to motivate the people around me and the family and friends i grew up with. 

BA in Criminal Justice :((((((

Does anyone recommend a bank to get a FHA loan from. I'm a first time home buyer ? I'm not quite sure about Bank of America...

@John Nachtigall Hey, I just spoke with the county clerk and she said my tenant hasn't filed too appeal yet. She has until the 9th to either vacate the property or appeal. If she appeal she'll have to pay 150$ appeal fee and also a prorated charge for staying at the property during the appeal process. 2 additional separate which I highly think she don't have but will see. If she doesn't appeal then I'll have to pay a 55$ too the court and they'll set a time and date for me to meet with the sheriff too take possession of the property. This is my first eviction. I'm so happy I get to experience this. So I can no what to expect moving forward.