All Forum Posts by: Judy Parker

I'm a new member and used my brand logo as my Profile Picture.  I noticed that this logo kept disappearing, so I used my Headshot instead.  Did I commit a faux pas using my brand logo as my Profile Picture?

My residential apartment leases all contain a clause clearly defining who is entitled to live in the apartment, and if any other persons move into the apartment, the Tenant must pay an extra $150/month per person, and under no circumstances is the apartment to be occupied by more than "x" number persons.  I don't know if your utilities are separate, however, extra people living in the apartment creates extra consumption of electric, gas and water.

Buyer would need to file for eviction?

What state?  Sounds like a great deal! 

Hi Kyle.  Very happy that you are getting into the real estate investment game. Smart move trying to purchase something that is within your budget WITHOUT taking into consideration rental income.  That's exactly what I did.  Regarding finding a seller willing to hold a note, I've found that elderly people (who don't want to take a lump sump on the investment property sale proceeds, for fear of getting hit with capital gains taxes) are sometimes willing to hold the note.  I've done deals that way and it worked out quite nicely (no banks involved!).  Best of luck to you and keep the questions coming!

The three most important things to consider when purchasing a house are location, location and location.  You've got your answer.  And as an FYI, I NEVER purchase single-family houses.  When the tenant vacates, you're sitting on an empty property that isn't generating any rent, while you look for another tenant.  Stick with 2-4 family properties.  When one tenant vacates, you still have three other rent checks coming in.