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All Forum Posts by: Michael Bertsch

Michael Bertsch has started 20 posts and replied 119 times.

Post: Do I Have To Return Her Holding Deposit?

Michael BertschPosted
  • Bossier City, LA
  • Posts 122
  • Votes 50
Definitely just return the deposit and get back to advertising your property. Review your state laws and BP has some great deposit to hold forms. Check them out.

Post: Bathroom Fan Venting Into the Attic?

Michael BertschPosted
  • Bossier City, LA
  • Posts 122
  • Votes 50
It's code to be vented outside. If not, moisture will cause a lot of problems in your attic. I would definitely find another contractor. It sounds like he didn't want to put the extra work in.

Post: Properties in Shreveport, LA

Michael BertschPosted
  • Bossier City, LA
  • Posts 122
  • Votes 50
I have a few suggestions: Homepath.com Homesteps.com Hudhomestore.com Auction.com You can also check out the live auctions at the courthouse every Wednesday in Shreveport and Bossier Parish. They usually start at 10:00am http://www.bossiersheriff.com/real-estate-sales-list/ http://m.caddosheriff.org/sales/ Best of luck to you!

Post: Who is/are the most important member(s) for your team?

Michael BertschPosted
  • Bossier City, LA
  • Posts 122
  • Votes 50
Your wife lol... If she is not supporting you and on your team, it's pretty tough.

Post: Rent or Sell

Michael BertschPosted
  • Bossier City, LA
  • Posts 122
  • Votes 50
If they are cash flowing positive, definitely keep them. There is a ton of equity in these properties. So, I would open line of credit on both. Your friends would need to shop around for a good lender that is willing to work with him. After getting line of credit, just keep BRRRR several properties.

Post: Real estate license?

Michael BertschPosted
  • Bossier City, LA
  • Posts 122
  • Votes 50
It's definitely worth it to get real estate license. You get MLS access, comp properties, get into properties, place offers on HUD, and get commission when you buy.

Post: Favorite rental payment method?

Michael BertschPosted
  • Bossier City, LA
  • Posts 122
  • Votes 50
Chase QuickPay has worked very well for me. It's FREE,convenient, and tenant doesn't not need a Chase account.

Post: Online Rent Collection

Michael BertschPosted
  • Bossier City, LA
  • Posts 122
  • Votes 50
Chase QuickPay works pretty well for me.

Post: SFH Cash Out Refi vs. Heloc in Tampa FL area

Michael BertschPosted
  • Bossier City, LA
  • Posts 122
  • Votes 50
You can actually cash out refinance before the 6 month seasoning period with the delayed financing exception. You must pay cash for the property though.

Post: Fire alarms

Michael BertschPosted
  • Bossier City, LA
  • Posts 122
  • Votes 50
Thank you!