All Forum Posts by: Kyle Gregory

i would like to throw my 2 cents in here. Obviously we have 2 differing philosophies here. Which one is right? They both are!!

mike- goes for the lower end of renters. Here you will have more expenses in areas like repairs, advertising, legal fees etc.. However, it is here where you will get your biggest cash flow/profit. Also with this strategy you will be able to find those properties at a HUGE discount!!

nationwide-goes for upper end renters. Here you will have less expenses in areas like repairs, advertising, legal fees etc.... Also this is where you will get your smallest amount of cash flow/profits. So in nationwides case he will probably have to invest in 2 or more properties to get the cash flow mike gets.... Not that it is wrong, as mike has to deal with the headaches associated with low income renters...

SIMPLY put, there is a trade off and it is all in what one is willing to do

i have recently subscribed to a HUGE bank in america credit monitoring service. The one thing i do NOT like about this service is they do not update your credit scores. Does anyone know of a service that will monitor scores along with credit?

have you ever thought about tile?

also i feel your pain about partner. I actually had my partner back out on me a week before we closed on first rental because of a disagreement about carpeting.... Was the best thing to happen to me.

here is my predicament.. I was forced to file bankruptcy with my ex wife 5 years ago. And for the record since divorce/bankruptcy my credit has been stellar... anyway I have my credit report down to only 2 creditors remaining from my past on my credit report. Now I did notice that those 2 have recently done updates with in the past few years.... My question is... do those 2 stay on my credit report for 7 years past those updates? or do they come off 7 years after the discharge of my bankruptcy?

with all due respect I find that very suspect.... I was forced to file bankruptcy 5 years ago along with filing for divorce, due to me ex wifes spending habits, and lack of repaying habits... To this day I have only gotten my credit score up to the low to mid 600's. Having only been late (by accident might i add, and less than 30days) twice since.. Everything else has been paid on time or paid off.. So getting a score of over 700 right out of bankruptcy is HIGHLY unlikely

just about every county has a clerk of courts web page and you can search just by their names....

just got done reading "real estate investors guide to financing" by david reed. He is a broker that gives you the insight of the mortgage business and how it works. Personally i thought it was a very informitive book, as it gives you the workings of the mortgage business and explains most options in financing investment property( i say most as i am sure there are more, but he gives you a great start) . While i enjoyed reading "rich dad, poor dad" i felt it was more of feel good, pump you up book and i was looking for INFORMATION and think i found it here.. Any how, has anyone read any of his other books?

ahhh now i will agree with your assessment. I sure hope you expected to deal with crappy tenants, especially since you go for the lower rent tenants

i live by the motto... "if momma aint happy.... nobody is happy" It does take time as most women (i said most, not all) hate the risk of what it takes. And especially since all they know about real estate is what they hear from the knucklehead couric!!!

i do believe that if you go to a pet store they sell some stuff that gets rid of the odor... I personally have never used it, but it might be worth a shot before tearing out sub floors