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All Forum Posts by: Mario B.

Mario B. has started 4 posts and replied 156 times.

Hi Todd!  Welcome to BP!  What an exciting journey to start!  I'm in Stamford, CT.  Bridgeport is a great area to start investing in if your familiar with the neighborhoods.  Are you looking for any specifics regarding cash flow, for example certain % a month return on investment or $500 each month etc.?  Seller financing is out there but from what I've seen more costly, but will work with the right deal.  Have you spoken with any mortgage lenders for a pre-approval?  I'm a licensed realtor, I would be happy to talk more by phone, let me know if your available for a call this week.  I'll inbox you as well.

Post: Subletting, Tenant Search/Screening and Leases

Mario B.Posted
  • Investor
  • CT
  • Posts 164
  • Votes 73
Quote from @Amaan Hassanali:

@Mario B. Hi, yes, I'm still under the obligations of the lease. I have listed the apartment for slightly above my current rent to account for the furniture, items etc. that I'll be leaving.

You were right, I believe they are responsible for the screening.


 If it doesn't work on this lease, you can try approaching other landlords with under market rents and propose managing their properties for them, but acting as a real estate professional, you may need to be licensed to engage in soliciting apartments that aren't yours, screening, collecting money, etc. 

Post: Subletting, Tenant Search/Screening and Leases

Mario B.Posted
  • Investor
  • CT
  • Posts 164
  • Votes 73

Hi Amaan.  Are you still on the hook for the duration on the lease term if you sublet?  Are you planning to sublet the apartment for more money than your lease and collect the difference?  It sounds like the landlord would be responsible for screening, I would clarify with them.

Post: Looking to buy first rental.. 3 Partners

Mario B.Posted
  • Investor
  • CT
  • Posts 164
  • Votes 73
Quote from @Chris Daniels:

Looking to buy first rental in Connecticut. 

It is myself & 2 partners. We are all tradesman and able to do most of the renovations ourselves. We are looking towards multi family properties. Any advice starting out? Would we be able to qualify for FHA with 3 people behind this? Any help would be greatly appreciated & also looking other like minds in the Connecticut area.


 Hey Chris, welcome to BP.  I'm in Stamford and I'm on a brokerage that is investment oriented, with all of us owning properties.  We're in and around Stamford and further up the line.  Do you have a preference on town in CT?  Would love to setup a call with you and see if we can work together.  I'll inbox you. 

Post: I want to help other Cleveland investors

Mario B.Posted
  • Investor
  • CT
  • Posts 164
  • Votes 73
Quote from @Nicholas L.:

@Sagar R. Parekh

just curious, where in CT do you invest?  I have 1 property in Stamford and looking to do more in CT within the next few years.


 I'm also in Stamford, 2 properties, would love to connect with you and learn about your experience to date in the area.  I'm also looking at Stamford for my next purchase or other areas, but I usually lean more towards class A/B.

Post: AI Broker and Team Leader! Thoughts?

Mario B.Posted
  • Investor
  • CT
  • Posts 164
  • Votes 73
Quote from @Rob Bergeron:
Quote from @Mario B.:
Quote from @Rob Bergeron:

Brokers and Team Leaders: If there was an affordable and accurate Broker AI available that could help answer questions for you that would typically occupy your time. Would you be interested in purchasing? If so what would that be worth to you monthly? Imagine agents being able to take action much quicker with less need for your help. The AI would answer, if you wanted to add clarity to it you can and the next time someone were to ask the same question it would come back with your answer. Cool or nah?


 I see luxury apartment complexes starting to use AI chat boxes on their website.  I think for simple questions like office hours, address, pricing, etc. they're fine, but as a realtor I want to speak with my clients.    


 I see what you're saying. Imagine you're on the phone serving one, while others are needing to be served as well and quickly! Now, you can see the questions coming inbound, see the AI response. Can then as soon as you feel necessary, you can chime in with your own opinion or specific response. Guess what? You add that response to the FAQs and then it will respond the way you want every time after. It's truly incredible. Rolling it out! at our big meeting in February with a bunch of value add propositions. 


 Agreed, I think if I had full control of the responses I would be more opt to use it.  I was at the mercy of a 3rd party company that put in the responses based off what my company thought was best.

Post: Direct Mail Service companies?

Mario B.Posted
  • Investor
  • CT
  • Posts 164
  • Votes 73
Quote from @Omayra C.:

Hello,

I am looking for a direct mail service company that will print postcards with a handwritten font. Most of the ones I have looked at provide templates which is fine,  but I would like to edit the text. Which companies are investors  using for direct mail campaigns? I will be sending these postcards to multifamily owners. Thanks in advance.


 Try https://www.ballpointmarketing.com/real-estate-investor-dire... my broker has used them in the past. 

Hi Jay.  What is your current method for finding new tenants and marketing your rentals? 

Post: AI Broker and Team Leader! Thoughts?

Mario B.Posted
  • Investor
  • CT
  • Posts 164
  • Votes 73
Quote from @Rob Bergeron:

Brokers and Team Leaders: If there was an affordable and accurate Broker AI available that could help answer questions for you that would typically occupy your time. Would you be interested in purchasing? If so what would that be worth to you monthly? Imagine agents being able to take action much quicker with less need for your help. The AI would answer, if you wanted to add clarity to it you can and the next time someone were to ask the same question it would come back with your answer. Cool or nah?


 I see luxury apartment complexes starting to use AI chat boxes on their website.  I think for simple questions like office hours, address, pricing, etc. they're fine, but as a realtor I want to speak with my clients.