All Forum Posts by: James Wilcox

@Brandy Morton that is smart in buying in a market you are comfortable with. Also the tax write off is very savy. Good luck with all your future REI ventures!

@Steve Spencer that is usually what it takes. Sometimes tenants just need to bit of "persuasion" to open lines of communication. Now that you have accepted money the process starts back at square one. Could a difficult process in getting them out on this one.

@Travis Page welcome to the BP community! Keep that passion alive. I understand the struggle of being young and in the REI community. Keep taking action and you can reach your dreams.

@Hampton Scurlock welcome to the BP community! Good luck with your REI deals. Check out the podcasts and webinars. They will be an invaluable resource and completely free.

@Jason McColly welcome to BP! You came to right place to learn about REI. I wish you the best of luck in all your REI ventures. Check out the webinars!

probably should have started the eviction process awhile back but I guess never late then never. You have squatters and this is probably going to suck for you. See what your lease says and make sure you got your bases covered. Make an above and beyond attempt to contact them with a paper trail. The certified mail to them is a good idea and document everything. You need to start that paperwork ASAP. 

@Brandy Morton is there a reason you need bowling green specifically? I can't really help you but was jw. 

@Andy V. if you are not finding the returns you want maybe you should look elsewhere. Yes making money each month is good but you just need to figure out what your goals and set a standard to go off of. 

You can absolutely make money on simple buy and hold real estate without putting more than an average down payment down. Many have proven that. Definitely paying all cash will create more cashflow for that property though lol. Just cash on cash probably wont be great.

@Tony White like @Jeff B. said it can be a tricky process. You just have to figure out what the market in your area commands and provide better. In his friends case I would say the tenants were almost already out the door because the rent was at or above market. Just a thought though.

Making cosmetic changes may not justify raising the rent. You will find that tenants don't really care if you have new gutters or not. For example, they care more about the stuff that benefits them most like if you are quick to repair things.

@Melissa Kaiza 2011