All Forum Posts by: Luke Mcclure

This complex had a horrible manager. She didn't even do background or credit checks. After evicting 3 tenants and putting in new ones which I personally looked into with credit and back ground checks, we are fully occupied and are collecting full rent. One is a flight stewardess another a restaurant manager, another a nurse. We do have one tenant that wants to move because she wants more amenities and she's is paying a one month lease break fee which will give us a month to get it ready for a new tenet. I do have an advantage, I work for a military contractor in the management office and we manage 1100 homes 5 communities it's all privatized military members, retirees and some civilians. Happy investing!

Just bought our first 11 unit apartment complex I am now officially a real estate investor!

Nice man sounds like your off to a great start. Most important thing you can do is network and learn here on BP be sure and listen to the podcasts also, keep rocking it bro!

I am looking for property management software. Can anyone suggest a good property management software? We are starting out with 36 unit apartments and need to be able to keep it all organized from the beginning, from rent rolls, maintenance, payments and taxes. Is there a good all in one program or software? Thanks Luke McClure

I am looking for property management software. Can anyone suggest a good property management software? We are starting out with 36 unit apartments and need to be able to keep it all organized from the beginning, from rent rolls, maintenance, payments and taxes. Is there a good all in one program or software? Thanks Luke McClure

I am looking for property management software. Can anyone suggest a good property management software? We are starting out with 36 unit apartments and need to be able to keep it all organized from the beginning, from rent rolls, maintenance, payments and taxes. Is there a good all in one program or software? Thanks Luke McClure

I am looking for property management software. Can anyone suggest a good property management software? We are starting out with 36 unit apartments and need to be able to keep it all organized from the beginning, from rent rolls, maintenance, payments and taxes. Is there a good all in one program or software? Thanks Luke McClure

You could always ask for a lease to own option for 6-18 months, so you can still obtain the property and save some more money and then purchase with a conventional loan. You might have to give them close to asking price to secure the deal, but it couldn't hurt to ask all they can Do is reject the offer.

I did my home work and figured out the financial numbers we need to make it work. The deal I found recently is a 13 cap with 20k a year cash flow. I am excited!

@Steve Vaughan

 I was looking into new construction, although I have changed direction.  I now have a private investor/partner and I am looking for multifamily properties in my area. I am going to acquire and manage them, my partner will buy them and my fees will go to pay him back the down payment at that point we will be 50/50 partners. Every property thereafter will be them same deal.