All Forum Posts by: Josh Belgard

@Chris Hanisco

After my divorce in 2011 I pulled the trigger on my first duplex. I lived in half and my tenant covered the entire mortgage and half of escrow. Really got me back on track. If the financials meet your criteria then go for it.

Btw, I still own the duplex and the SAME tenant remains and has never missed or been late once.

@Russell Caraotta

I use Craigslist 100% for my rentals. Zillow and Craigslist for owner financing deals.

The key to Craigslist in my area is to have multiple listings of the same rental active. They each become renewable at different times and I renew as soon as possible to stay near the top of the “food chain”.

When I know of a vacancy coming, I pre-post to generate an interest list for potential tenants ahead of time. I currently have a remodel loft apartment very near to LSU that will be complete the first week of March and I have 6 folks that will all likely pass the screening process.

Also, as your rental circle grows people will begin to contact you for available units, organically.

@Julie Kern

Congrats! I too left my W2 in January 2017 to focus on REI. Best decision ever. Medi-Share is my major medical plan. Love it.

FI through MF rentals and notes is my winding path.

@Joe Carlson

I use CHM as well. Love it.

@Sarah Buchanan

I had a small wall fire in a condo March 2016. The fire department soaked the entire condo and my insurance paid all except the deductible. My unit needed upgrading and this worked in my favor. Not class C though. I stick to A/B only.

@Alex Varner

My general contractor is paid a draw every Friday based on the work completed through Thursday. Zero up front money here in Louisiana. I’ve been burned once with a vinyl siding job. Never again.

@Dallas Kidd Bought 18 acres and paid to have the property surveyed, twice. Second time was to subdivide into a minor subdivision. First time was to show no encroachment (pond) to the bank lending me the money to purchase. Hindsight and I would have had the subdivision created at the first survey.

@Jess White Venmo, PayPal, Cash apps, direct tenant deposit into account at local branch, checks in the mail, or cash In hand. The funds end up in the same business checking account from where I turn the cash over into new investments as they hit the market. No molding cash!!

BP world - anyone know of a lender that will allow a Purchase Money HELOC on a primary residence purchase that is under contract/inspected and ready to finance? 80-90% LTV is ideal. Again, this is a primary residence that is under contract to purchase for our future residence. Thanks in advance!

@Mike G. I too buy low “vulture” and bond the deal for a sweet long term passive Income stream note. There’s two types of cows - both equally high quality. One Is a beef cow you slaughter and have a fantastic steak ONCE and the other is a top grade milking cow that you collect a gallon of milk twice a day for 30 years... I choose the milk cow. I can always collect my milk and sale/trade for a steak. Also have a fleet of rentals that my kiddos will have to sell once I’m dead and gone!!