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All Forum Posts by: Michael Williams

Michael Williams has started 65 posts and replied 199 times.

Post: Bundling my current loan

Michael WilliamsPosted
  • Rental Property Investor
  • Sacramento, CA
  • Posts 202
  • Votes 81

How would I be able to bundle my current loan I have with my lender with a new residential loan, I'd like to buy a duplex to house hack in the next 3-6 months. What are the benefits of bundling loans? What are some concessions I can receive from the lender? Is it worth it to bundle a loan? Should I contact other residential lenders to see what they can offer also?

Post: Which type of property to buy?

Michael WilliamsPosted
  • Rental Property Investor
  • Sacramento, CA
  • Posts 202
  • Votes 81

Multi family is the way to go for your first property. Live in one unit and rent the others out, it may not cover the entire mortgage but you'll be able to refinance and move in a year if you like. Then you'd have income from multiple units which would hopefully cash flow. 

Post: New investor Where is the BEST place to find deals off market?

Michael WilliamsPosted
  • Rental Property Investor
  • Sacramento, CA
  • Posts 202
  • Votes 81

You could contact the owner directly, go to the county assessor office website, you can call or email you the property owners information. You may have to use a skip tracing service to find more personal information (email, cellphone, etc.). Contact the owner and see if they'd be willing to sell to you, they may or may not be motivated to sell off market. Contact a local real estate agent in the area where you want to invest and tell them what you're looking for in the area and they'll be able to send you new listings that fit your criteria. There's a biggerpockets book called "Finding and funding great deals" by Anson Young you should check out also, good luck. 

Post: Clogged drain from hair, tenant's responsibility right?

Michael WilliamsPosted
  • Rental Property Investor
  • Sacramento, CA
  • Posts 202
  • Votes 81

They are responsible for clogged hair but I'd still check it out or send  a plumber over to get an estimate? You could bill the tenant for removing the hair, you'd have to send them a receipt after work is completed or add it on to the rent. 

Post: Property Management Courses

Michael WilliamsPosted
  • Rental Property Investor
  • Sacramento, CA
  • Posts 202
  • Votes 81
Originally posted by @Marc Rice: Thank you, I'll check those out today. 

You'll want a good software as a foundation. Appfolio or Buildium will be a good building block for your growth. A lot of it comes down to people and systems, which all revolve around a good software. A lot of those offer great training resources.

Post: Property Management Courses

Michael WilliamsPosted
  • Rental Property Investor
  • Sacramento, CA
  • Posts 202
  • Votes 81

Looking for online property management courses for managing apartment buildings, small to large multi family properties. I'd like to add 7-12 units to my portfolio in the next 5-12 months and I'd like to continue to self manage. Need more property management knowledge about creating systems so I can hire an assistant or 1 employee someday to take over. Does each property management course vary by state? Will I receive a certificate?

Post: Online Property Management Courses

Michael WilliamsPosted
  • Rental Property Investor
  • Sacramento, CA
  • Posts 202
  • Votes 81

What are some good online property management courses? I'd like to add 7-12 units to my portfolio in the next 5-12 months and I'd like to continue to self manage. Need more property management knowledge about creating systems so I can hire an assistant or 1 employee someday to take over. Does each property management course vary by state? Will I receive a certificate?

Post: Rain coming in through roof vent

Michael WilliamsPosted
  • Rental Property Investor
  • Sacramento, CA
  • Posts 202
  • Votes 81
Originally posted by @Scott M.: It’s mostly a flex 🙂

Assuming this is just a flex?  If so, great job man!  Maybe not the smartest thing to do, risking your life to cover a vent on a slippery roof but glad it worked out.  

Post: Who is/was Your Real Estate Agent?

Michael WilliamsPosted
  • Rental Property Investor
  • Sacramento, CA
  • Posts 202
  • Votes 81

@Brian Sherman I work with an investor friendly real estate agent, she owns 4 rental properties also. If you’re interested I can message you her information.

Post: Looking for General Contractor in Sacramento Area

Michael WilliamsPosted
  • Rental Property Investor
  • Sacramento, CA
  • Posts 202
  • Votes 81

@Eduardo Aguilar Could you forward me those contacts also, thank you.