All Forum Posts by: John Mathew

Here are a few pieces of advice to help him get started:

1. Learn as much as he can about the industry. This can be done by reading books, articles, and blogs about real estate, as well as by talking to people who work in the field.
2. Get a part-time or summer job in a related field, such as property management or real estate sales, to gain hands-on experience and a better understanding of how the industry works.
3. Consider taking a college course or vocational training program in real estate to learn the technical aspects of the field and to gain the qualifications required to become a licensed real estate agent.
4. Network with professionals in the field. Attend industry events, such as real estate conferences or networking events, to meet people who can give him advice and may be able to help him find a job.
5. Be prepared to work hard and be persistent. Real estate can be a competitive field, and it may take time to find a job or to build a successful career. But with dedication and hard work, he can achieve your goals.
6. It may be a good idea to get a mentor, someone who has been in the industry for a while and has experience to guide him and give him advice.
7. Lastly, get licensed. Once he reach the legal age to get licensed, take the necessary steps to become a licensed real estate agent, as it will open up many more opportunities for hiim.

Congratulations Katlynn! Nice investment.

There are several options for property management software that can be used for a house hack, some popular options include:

1. Rent Manager: A comprehensive software that allows you to manage all aspects of your rental property, including tenant screening, rent collection, and maintenance tracking.
2. AppFolio: A cloud-based software that offers features such as online rent payments, maintenance requests, and tenant screening.
3. Buildium: A property management software designed for small to medium-sized landlords and property managers, offering features such as rent collection, maintenance tracking, and tenant screening.
4. Landlord Studio: A property management software designed for landlords and property managers, it offers features such as rent collection, lease management, and expense tracking.
5. Cozy: A free property management software that allows landlords to collect rent online, screen tenants, and manage maintenance requests.

These are some examples of popular software options, but it's important to research and compare different options to find the one that best suits your needs.

Hello Tim, No, you are never too old to start buying investment properties. The decision to invest in real estate is a personal one and should be based on your individual goals, financial situation, and risk tolerance. You may want to consider consulting with a financial advisor to discuss your specific situation and help you determine if real estate investing is right for you. Additionally, you can speak to experienced investors and agents in your area to learn more about the process of investing in real estate.

There are both benefits and downsides to living in your house initially then renting it out.

The primary benefit of living in your house and then renting it out is that you can use the home as your primary residence and receive certain tax benefits, such as the mortgage interest deduction. Additionally, if you live in the home for at least two of the five years prior to renting it out, you may be exempt from paying capital gains tax on the rental income.

However, there are some downsides to consider as well. If you take out a mortgage to purchase the home, it may be more difficult to qualify for a loan when you decide to rent it out, as lenders may consider you to be a higher risk borrower. Additionally, there are certain laws and regulations that you must comply with when renting out a property, such as obtaining a rental license and meeting fire safety and other safety standards. Finally, you may also be responsible for additional taxes, such as local property and occupancy taxes.

To attract out of area investors, you could try using a variety of strategies, including creating targeted digital campaigns, leveraging social media, and building relationships with other investors and agents in the area. Additionally, you could consider creating content that is focused on the benefits of investing in your area, such as lower cost of living, higher potential returns, and access to experienced agents and investors. Finally, you could consider hosting webinars or workshops that provide comprehensive information about investing in your area. This could be a great way to establish yourself as an expert in the area and build relationships with potential investors.

It really depends on the individual's goals and objectives. If you are looking for a quick return, then having the largest return possible in real estate is likely the most important factor. However, if you are looking for a long-term investment and are willing to put in the time and resources to build and maintain your investment, then the time and resources put into the project may be more important. Ultimately, you should consider both factors and decide which is more important to you based on your individual goals.

Hey Corey there are several ways to source owner financing or lease option deals in real estate:

1. Networking: This can be done by attending local real estate meetings, joining real estate investment clubs, or connecting with other real estate investors. Building a strong network can lead to deals being brought to you, as well as providing an opportunity to learn from other experienced investors.
2. Online Marketing: Utilizing online platforms like social media, websites, and online marketplaces to find potential deals. This can be done by reaching out to homeowners or landlords who are open to owner financing or lease options, or by searching for properties that are already listed for sale with these terms.
3. Direct mail: Sending direct mail campaigns to homeowners or landlords who may be open to owner financing or lease options can be an effective way to find deals. This can include postcards, letters, or even door hangers.
4. Driving for dollars: This involves driving around neighborhoods and identifying properties that may be vacant, run-down, or in foreclosure, and then reaching out to the owner to inquire about owner financing or lease options.
5. Agent or Broker: working with agents or brokers who are experienced in these types of deals can be a good way to find opportunities. These professionals may have access to exclusive inventory and may also have a network of other agents who also have such inventory.

It's worth noting that these methods may not be productive in all markets and you may need to experiment with several methods before you find a method that works best for your area and goal. You also have to do your due diligence, like screening the property, the property owner and the terms of the lease or owner financing to make sure that the deal is viable and beneficial for you.

• the contractor's qualifications and experience in the type of work you need done
• the contractor's licensing and insurance status
• the contractor's references and reputation
• the contractor's availability and schedule
• the contractor's estimated cost and payment terms for the work
• how well the contractor's communication and customer service skills
• how well you personally connect with the contractor as this will be important for the duration of the project. It is essential that you find a contractor who is trustworthy, reliable, and able to complete the job to your satisfaction.

Hope this help John!

Investing in large commercial properties, such as apartment buildings, mobile home parks, storage units, and laundromats can be a lucrative but also risky business. Here are a few things to consider when evaluating such investments:

1. Location: As with any real estate investment, location is key. Look for properties in areas with strong economic growth and demand for rental units.
2. Financing: Financing large commercial investments can be more complex than financing a single-family home. You may need to secure a commercial mortgage and have a down payment of at least 20-30% of the purchase price.
3. Management: Managing a large commercial property requires a lot of time and resources. You may want to consider hiring a property management company to handle day-to-day operations.
4. Market conditions: Consider the state of the local real estate market and economy. Is demand for rental units strong? Are there any potential threats on the horizon, such as new developments that could compete with your property?
5. Potential return on investment: Carefully evaluate the potential return on investment for the property you are considering. Look at factors such as the current and projected rental income, operating expenses, and any potential tax benefits.

Overall, investing in large commercial properties can be a great way to build wealth over the long term, but it's important to do your due diligence and carefully evaluate the risks and potential rewards before making a decision.