All Forum Posts by: Micah Kohls

Collecting funds in advance is a wonderful thing and can increase your return with the ability to go invest that capital else where. One interesting takeaway from my own experience of doing this; a monthly rent payment has a dual purpose. First is obviously keeping the terms of the rental agreement in good standing....2nd is that regular monthly payments serve the landlord by routine engagement with that tenant. In other words, you would never otherwise hear from your tenant until a year later. That's both good and scary....my experience as a landlord is that is much easier to "check out" on the tenant that fulfills their rent responsibility upfront....

THanks everyone....and no this is not clickbait lol

I've heard of similar coaching and mentorship programs for building real estate brokerage teams...often times this consists of developing a business plan with consistent accountability. I own and manage 120 SFR properties in NW Indiana. I have not received any formal education on the business of long term tenant property management. Who do you know of that comes highly recommended?

Higher Education has historically benefited from geographical advantages. -- A high % of enrollment is based on student access to campus locations. Colleges will now utilize virtual technology for teaching students. Universities will compete on content to capture market share. 

My theory: Colleges that can attract students based on campus social life; such as athletic programs, fraternities, ivy league traditions, etc will likely sustain. However, for the lower tier colleges that were able to gain market share due to accessibility but don't have the (above) attractions will face enrollment problems going forward. 

Why? Because the best colleges will be more accessible online (virtually). They will take market share from lower tier colleges. They will likely make their degrees more cost efficient to students because of the virtual efficiencies. 

Let me put it this way, if let's say Princeton changed their revenue model to adapt to a remote online platform they would lower their tuition fees and in exchange broaden their student base to offer online education degrees. Thus if tuition pricing was similar, would you rather get an online degree from Princeton or attend your local university (for example Eastern Illinois) with no social scene for a lesser degree.  

I’m the seller. A buyer has approached me that does not yet have a SSN. He is a contractor. He has a Tax ID. How or who can get him prequalified to buy of he doesn’t have a credit score??

Hi Bernando, thanks for the heads up. But that's the best I've heard of and there's a problem with that. I live in Denver, CO. If I had a SFR portfolio in Denver to finance then every bank would be interested in financing....in fact, they would be fighting over it.

@Andrew Schulz the better question is why are you looking for a job??

Get a cheap truck on a lease or own and post an add on Craigslist for junk removal....if your a hard worker then your business should blossom from there

@Brandon Levi Eagan

Do you mind sharing your underwriting?

When engaging with a lender of choice never commit to a loan deposit if the loan still needs to be approved by loan committee.

Until loan is accepted by loan committee you are simply no more than just prequalified by a sales person. The term sheet is not binding for the lender. Your deposit commits you to that lender even if the terms change.

Hi Deana, its been a couple years but the last time I checked with Centier there was a limit of 10 properties financed. Is that no longer the case?