All Forum Posts by: Michael Bowman

Hi Don, 

There are actually plenty of lenders that will do up to 10 conventional loans. 

I have been very interested as of late in getting commercial loans. It seems like a no-brainer way to acquire rentals. I was speaking with a local bank here called Aquesta, and with the right credentials, there is no limit to the amount of loans they can give. 

Good luck! 

Hi @Ryan Battista, 

I forwarded your information to a VERY investor friendly agent on my team, Curtis Gravitt, and he will be in touch with you today :) 

Hi Rasheeda! 

I'd love to connect with you. I'm an agent and investor myself in the area. Also, one of the agents on our team, @Account Closed, has a new investors meeting here in Charlotte. Next meeting is August 4th and I'll actually be doing some talking about my investment experience and answer any questions investors may have. 

Let me know if we can help! 

@Clarissa Severo,

I'd love to help you! There are a lot of agents running around saying they are investor "friendly," but the way you best judge that is results. Here are mine: 

1. #5 real estate agent in the entire Charlotte market last year. 

2. Owns 20 homes personally including a few multi-family units. 

3. Flips 25 homes a year. 

4. Manages 350+ rental properties for hundreds of investors. 

5. Manages construction sites on a daily basis. 

6. Has a team of buyers agents, closing coordinators, construction crews, and so on and so forth to help serve our clients. 

We have helped a TON of investors on this site and would love to help one more. Let me know if you need anything :) 

@James DeRoest,

It is not a requirement per se. However, if central AC is included when the lease is signed, unless the lease states some form of "as-is" verbiage, it is the landlords job to repair when it breaks. 

I'm quite shocked however that it isn't required in Florida :) 

hi Victoria! 

My friend, and an agent on my team has a great group open only to new investors. His name is @Account Closed and will get you the details! 

this investing thing can be quite overwhelming. You see these HGTV shows and listen to these Gurus, and they make it look so easy. It's not.. Especially in the beginning. The first few deals suck, however just like everything else, grow slowly and consistently and you will make progress. 

Matt can help you find a home and we could manage it for you on the property management side. Let us know how we can help! 

I'm pretty embarrassed to read these responses... Lots of opinions but very little law. 

1. Your average unit should last around 15 years. I know you are close to that, but have you gotten second opinions from alternate HVAC companies?

2. If this unit is in fact toast, you are under legal obligation to replace it in a timely manner. Window units are an acceptable solution for a few days while you get a tech scheduled, but it is not a long term solution. These slumlord esk answers of "screw the tenant and put a window unit in," are ridiculous. The tenant rented the home with functioning AC, and you as the landlord (unless your lease relinquishes you of your responsibility) are required to maintain it. 

3. I'm a property manager of over 325 units and and investor myself with nearly 20 rentals, so I'm not someone who hasn't been here before. It sucks, will wipe out your profit for the year, and isn't fun to deal with, but it needs to be done. Its the only ethical way of managing a rental property and you will go another 15 years without having to think about it again! 

Best of luck to you! 

As a property manager myself, I believe your PM is being atrociously lazy. I do not fault them for having the idea of the tenant opening the door for the vendor. I would have to hire 6 full time staff members if we were present at every single repair. However, when the tenant said they could not attend, that is where the PM should have jumped in and sent a runner to the home to coordinate. 

It is not the tenant's "responsibility" per se, but it is common courtesy for the tenant to lend a hand in coordination. In this situation though, totally the PM's responsibility. 

hi Tomas! 

My firm Bowman Real Estate manages single family and multi family homes in that area. Tell me a little more about what you have and I'd be glad to help! 

Hi Garett! Very impressive start to RE investing my good sir. Let me know if you want to meet up and talk. I own a real estate company in Charlotte that caters to the investor. I also flip 25 homes a year and manage 300+ so I would love to answer any questions you have!