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All Forum Posts by: Ken T.

Ken T. has started 0 posts and replied 14 times.

Post: What's Your Main Obstacle in Buying an Apartment Building?

Ken T.Posted
  • Rental Property Investor
  • Elk River, MN
  • Posts 17
  • Votes 12

@Michael Ealy

My current hold up's are:

  • Lack of MF knowledge.
  • Making the numbers work.
  • Finding capital partners.

All of these I’m addressing so that when the numbers fit I'll be ready to go.

Post: What Expenses (IF ANY) Do You Cover on SFH's?

Ken T.Posted
  • Rental Property Investor
  • Elk River, MN
  • Posts 17
  • Votes 12

@Lee Stephens Maybe call and ask the landlord/PM. Then you'll know for certain.

Post: Eviction implications for tenants?

Ken T.Posted
  • Rental Property Investor
  • Elk River, MN
  • Posts 17
  • Votes 12

@Idan Narotzki

You need to advise them that you will not be renewing their lease on 8/1 and they need to leave. It could be a simple as that.

Post: How would you get to a yearly cash flow of 150k?

Ken T.Posted
  • Rental Property Investor
  • Elk River, MN
  • Posts 17
  • Votes 12

@Roy Gottesdiener

I'd be looking at apartments.

Post: Help with Tenant Screening

Ken T.Posted
  • Rental Property Investor
  • Elk River, MN
  • Posts 17
  • Votes 12

@Matt Carvalho

You need to have and utilize a defined screening process. Do not accept anything but what is listed in your process. If you deviate then you will have problems arising on a number of fronts that can include complaints about your process, getting bad information, allowing someone who should not be in your property and then having to evict them later.

Post: How to find owners of vacant property

Ken T.Posted
  • Rental Property Investor
  • Elk River, MN
  • Posts 17
  • Votes 12

@Aaron Lewis

Just go online, search for the county property tax to start.

Post: Marketing a wholesale

Ken T.Posted
  • Rental Property Investor
  • Elk River, MN
  • Posts 17
  • Votes 12

@David Polk Jr

If you wanto to flip a wholesalable property it's best to talk to other investors. There are a couple ways to connect. You could also try to locate other local investors using BP for your area or join local REIA meeting. Both options should get you moving forward.

Post: How to find owners of vacant property

Ken T.Posted
  • Rental Property Investor
  • Elk River, MN
  • Posts 17
  • Votes 12

@Aaron Lewis 

If you are looking for free ways to search I recomend county property records. Some counties they have the owners information easilly available. Some they are not and you'll need to drill into the records to locate the owners name and address. In my area they are found in the tax statements (usually a pdf file)

Post: Business plan. What are my first steps?

Ken T.Posted
  • Rental Property Investor
  • Elk River, MN
  • Posts 17
  • Votes 12

@Brittany Goree 

You could set up an LLC that you both own and see what happens during that experience. Much easier than fully merging your separate companies too soon.

Post: Landlord is trying to kick me out tomorrow

Ken T.Posted
  • Rental Property Investor
  • Elk River, MN
  • Posts 17
  • Votes 12

@Corbin Jones

Maybe you could do a cash for keys with her? You get cash for leaving now.