All Forum Posts by: Michael Davis

If you look back at my original post, it mentions "garage apartments" before individual rooms are listed.  Does that make a difference in anyone's thinking?  I would prefer separate units from a house, but I know some people rent out rooms, so I didn't want to leave out that possibility.

So what about the people I have read about making 6 figures per year doing exactly this same thing?  Advice was asked for, not nastiness and undue criticism against someone wanting to learn.

So, I saw a video about renting rooms, apts, etc to rerent on AirBnb.  I understand how it works, but I am having a problem knowing how much to rent a property for.  I have to make sure that a property will rent for more than I pay for it to make a profit.  How can I determine the probable room rent before signing a lease?  I intend to focus on garage apartments or separate rooms in private properties.

Antoine, you ask an interesting question.  I "thought" I needed this sort of web site to help gather and generate leads.  I am trying to break into wholesaling properties, and need a good way to collect leads.  What type of web site (if any) do you use?  And how do you go about generating leads?  I am very new, and would genuinely appreciate any guidance or suggestions you could give me.  Thanks,  Michael  P.S. I am not familiar with Wordpress.  What does it do?

I have received recommendations for two web site providers for my business web site. They are "Investor Carrot" and "Lead Propeller".  Which of these do the Bigger Pockets members consider best, or is there another that is better?  I need to get the most bang for my buck, as funds are limited.

Has anyone tried out the independent broker program as advertised by Lee Arnold and Cogo Capital?  For $398, he promises to teach you how to broker funding up to $20 million per deal for real estate deals.  Supposedly, you make around 1% of the amount loaned on every deal.  It sounds too good to be true.  He says no license is required since the loans are only for non-owner occupied, short term deals.