All Forum Posts by: Markeen Baker

Also, what is the job of the property manager? When would one consider needing the services of a property management company?

@Dana Dunford thank you for the response. I think I understand. Why does question 7 break it down: day 10, day 20,  and the last day of the month. Also, is question 7 asking in reference to the PM collecting from the tenants and is question 8 asking in reference to the PM paying out to the property owner?

I was reading the "Questions To Ask A PM" and I was confused on two questions: 

7. What percentage of the billed rent is collected by the 10th, 20th and last day of each month?

8. What percentage of the billed rent is paid to owners by the last day of each month?

I would highly appreciate some clarification on these two questions.

Thank you in advance 

Thank you everyone for all the feedback!

How do you actively monitor and keep track of the market?

@Will Pritchett

How long did you have the rental before you were able or chose to explore the cash out refinance option?

Isn't it where one buys a home that is already paid off that there equity already in the home. If not, how does one accumulate equity in a home?

Hello All,

I recently bought a home that was already paid off and I am using it as a rental. I was wondering if it was possible to take out an home equity loan or line of credit or refinance on the property to purchase other properties even though I, personally, did not take a loan out on the property? If it is possible, how long is it that I have to wait to until I am able to explore either of these options?

Thank you in advance

@Linval T

Thank you for your input and reference!

As a Wholesaler, do I work with the Purchase and Sales Agreement and the Assignment of Contract or just one of the two?