All Forum Posts by: Kp W.

We have tenants who are asking to bring a relative to live with them that has a criminal history. The relative is moving states trying to change their life. What should we do? If we allow them to stay there, is there anything extra you would do? Please, all advice welcomed!

Single-family residence buy & hold investment.

Purchase price: $75,000
Cash invested: $20,000

Small Single-Family House. Heavy renovation including electrical overhaul, septic system and entire interior replacement.

What made you interested in investing in this type of deal?

Looking to build a local portfolio for cashflow in an appreciating area.

How did you find this deal and how did you negotiate it?

On-Market deal. It was a probate property that was not cared for long before it hit the market. Used our tools to get an offer in ASAP at asking price.

How did you finance this deal?

DSCR buy rehab loan.

How did you add value to the deal?

We repaired the foundation issues, upgraded the electrical, added central HVAC, refinished the floors and renovated the interior.

What was the outcome?

This was a great learning experience and now has the ability to provide us cashflow, in addition to getting our cash outlay back.

Lessons learned? Challenges?

Learned a few more things to look for during inspection period. Challenges were primarily managing the crew doing the work. We're still building a solid team in the area, and had to take some lumps (LOL).

I've had luck reverse engineering the process and searching via law firms that handle the foreclosure process. They may (or may not) have a public list of the properties that they are in the process of foreclosing.

 Thanks for reaching out Adrienne! I will be in touch!

@Matt P. What are some of the pitfalls to look for in mobile home park investing? I’m looking to invest in a deal and just want some perspective. Thanks!!!

@Gregory McKinley: How do they compare? I currently use propstream and am happy, but i've just learned about ProspectNow. Any advice?

@Taylor L. and @Tiffany Youngren Thank you!

Thank you @Bryce DeCora, @Tiffany Youngren, @Ash Fields. I'm was initially looking at HubSpot, but i will be sure to give a close look to the one's you mentioned.

@Tiffany Youngren, I've been investing since 2008, but limited to SFR rental. I'm now branching out and looking at wholesaling and Fix/Flip as well. I'm looking at branching into Multifamily also.

Anything you've learned is KEY for investor CRM capability? Just the text? or specific integrations?

Thanks again.

What are your thoughts on CRMs for REI? Is it worth the time/cost? If you have experience with CRM, what is the best one?

All input welcome!

@Jacob Simpson Great to meet you! Always looking to meet and do business with good people! I'll send you a message.