All Forum Posts by: Jeremy Lewis

Welcome to BP! Lots of great info here... Check out the Podcasts as they are loaded with great info. Good Luck!

Paul... Welcome to BP!! Theres a lot of great info here as Im sure you have found.  I love the calculators myself.  Good luck with your flip... let us know how it comes out.

Welcome to BP!!! Lots of great tools here.  Good Luck!!!

I know its a shot in the dark but Im looking to purchase a SFR or small multi in the West Valley of Phoenix under 150K. If any wholesalers have anything right now please let me know. Also if you want to add me to your buyers list in case something comes up please PM me for info.

Thanks for your time. 

Jeremy

Welcome to BP! You will find a lot of great resources on the site.  The podcast are great and check out the calculators to start learning how the numbers work.  Good luck!

I would not go with a flat fee PM. There is no benefit or backlash to the PM if you have a tenant or no tenant, a good tenant or bad tenant. They will collect the same each month regardless. My guess is they will tend to drag their feet on stuff like finding a new tenant when you have vacancies. I want my PMs to feel the pain when I do, much like a partnership. You make money when I do.. Plain and simple. 

Thanks for the advice. Those are some good options I will have to look into for sure with this property!

I've used Randy Orick with High Quality Improvements. He has done good work for me.

You came to the right place! Check out the pod casts as they are extremely helpful in learning the lingo of real estate investing. Good luck!

I have a property in another state which is losing money. This was a primary residence I bought just before the market crash in 2007. Right now I'm renting it out and after I pay the property manager I'm losing $400 a month. The other option is to sell at a loss of probably around $15K. Do I hold this property which will eventually turn around or sell and move on? The property was built in 2004 in a B+ neighborhood.