All Forum Posts by: Jeffery Waicak

obsessed,  a word the lazy use to describe the dedicated. Lol. 

  I'm probably obsessed too. I would guess most people on this site are obsessed so it's kinda like going to a bar and asking others there drinking if you're drinking too much.   That being said,  this can be a good obsession. I think that she knew who you were before you were boyfriend/girlfriend  so if she didn't like it that would have been the time to bring it up.

that is awesome. 

  I appreciate you pointing out the 4.5 million in equity.  I'm used to deals with less commas so until you spelled it out,it was like no big deal in my mind. But its not 4,500 it's 4,500,000!

  I need to expand my mind. Thank you 

have you had your sit down with them? They will probably   go for it as long as you lay it out right.  

  I would say that $50 Is not going to be an issue as the roommate will most likely chip in far more

 M2m, like others have said, is being done for his protection,  in case the roommate leaves.

  I would then ask that i got the rent all at once,  i personally don't mind picking it up,it gives me a chance to see my property, but not every week

  I also don't consider this a bad tenant. He pays, he asked permission to bring in a roommate,  a few corrections like paying once a month and you're great! 

I listened to this week's podcast. They talked about" culling the herd"  which I think i want to do.  Basically,   get to 20 cashflowing properties (or whatever number works for you),  then swap out the weakest for stronger properties over time.  All my properties  cashflow right now, some better, some worse. But,  selling off one that cash flows  $200/mo ( and I'm usually a little under market by design)  and replacing with one that does $500/mo makes sense. 

Another reason is they need a pile of cash. If you're unemployed the $500/mo helps, but the money  in hand may be better. This is even more true with a mortgaged property and tenants that aren't paying, the owner can take a liability and get cash.  

  A lot of investors are entrepreneurs. They may have built a great  cashflowing property and now want to move to another venture.  

I moved a tenant in a short time ago. They aren't working out. My lease says 30 days notice,  how do i handle it? If they don't move then do i evict?  

If it's near where they were working they probably did it. If you pay them, it's 99% that they won't fix it,or you'll have to fight with them. If its in the area he worked in, have the general contractor meet you there to go over it. If he's worth anything he will take care of it  

yeah. I know it is a common practice.  Just don't know if we can actually advertise it. 

Well the mls in my area is getting too hot. If I go on Craigslist there are a few I'll buy your house cash ads up. If i posted finders fee offered. I'll give you $××× I was thinking  $500, if you can get me in contact with a seller that is not currently on the mls. Gee paid when the deal closes.  Then say I'm a cash buyer,  can close quickly etc. Is this legal?

Yes,  I agree.  other than i don't wear a suit. 

  I have a buddy and i was going to hand him a great deal. I have it under contract and will buy it, was going to hand him the deal for free. He looked at the house for about 2 hours,  got scared and backed out.  I was mad at the time, but then thought,  on my first few deals I was scared out of my mind too. 

@ Tiago Martins I agree your downside is low, realistically, worst case,you'll recoup all your money and be out the time and labor.  Yes there are more risky ventures.