All Forum Posts by: Lydia Bolling

@Aaron Klatt Thanks for the response. I agree Aaron. However, I guess I was speaking on the front end with business development. Finding and evaluating properties also takes time when done correctly. I do agree with your point though. Maybe investing in outside management will free up more time for procurement.

I have to admit, this is a loaded question. How did/do you balance young children, working full time, and still moving forward on the goal of good management and more properties? Can anyone share how you time managed it? I have two properties and I want to keep growing.

@Bob Green, Hi Bob. Yes, I live probably 30 minutes from the property.

@Mike Dorneman, thank you Mike for the information. Yes, I plan to hold and rent it. How complex is the commercial loan option? What should I expect? Again, thanks for the response.

I purchased a foreclosure with cash at a auction. I put in about 25k of my money, and I want to pay myself back. This is a single family dwelling. What would you advise as my options?

@Lydia Bolling: Thanks everyone for the feedback.

@Max Tanenbaum: Hi Max. What is a “meng”? Please elaborate. Thanks for responding.

@Michael Badin, Thanks for responding Michael. I will definitely ask the housing rep about them pressuring the tenant to fix the items first. In the past with late rent they would send a stern letter to the tenant as well. I will send the letter requesting repair tomorrow. Excellent idea. I don’t want to release them before the end of the lease because the housing authority is paying 100%. My caution come from not wanting them to harm the property they know I am rehabbing across the street.

@Brian Garlington, that is what I emailed to my Housing Authority rep for that property. I could wait to the upcoming inspection and the housing authority then ask me to fix it. When this happened in the past I was allowed to deduct it from the security deposit. My issue is the inspection is not for another month. I don’t want any damage.

@Bob B., thanks for replying. You are so right. I have been blessed to have had three great tenants before her in that unIt that went on to purchase their own properties. First problem tenant.