All Forum Posts by: Sal Morello

@Bogdan Constantin Stefanide , Do you have an email list for this meet up?  Helping a friend with new construction apartment building, and would love to catch up with some area locals.

Looking forward to meeting everyone tonight!

@Nakita Baker  I have not used it, but bigger pockets has a foreclosure locater for pro members only I believe. 

@Edward Schenkel That is a great tip.  I have a note on my lease that "all exterior walkways and stairs must be clean of snow and debre, and free of all harzards" but do not define the area more than "all exterior" and it is a 4 family.

  Love the post and thank you for starting it.

Congrats on the new adventure.  When it comes to an application fee, I found that if you charged a fee, people who don't meet you minimum criteria (min income, no evictions, no felony's, what ever you decided to set up as your min. requirements) will try to apply for the apartment hoping you don't pick up on a prior eviction or some other qualifying requirement.  I actually went up from 25 to $40 for my fee.  It costs me $35 to run the report, and the couple bucks covers anything else.  

I have had people come back with the application filled out, cash in hand, and tell me a story and ask my to accept the application.  Most of the time if they have to have a face to face conversation with me when they hand in there application, it is a red flag.  I prefer my tenants drop off the application in a drop box.

On a side note, I have heard of some people on here in tougher areas, make the application fee reimbursable towards the first months rent.  I like the idea of keeping a fee on it.  I live in a strong rental market, and have not had any issues.

@Filipe Pereira Thank you for the tips, I just set mine up.  Hope to meet you at a meet-up soon. 

Welcome, I am new to the forum also and loving all the info you can find on a topic within seconds. 

I also suggest FHA for the first house like @Michael Noto said.  That is what I did, and I do not regret it one bit.  Move in, and move a roommate in!  It is a great way to really start saving money, and hopefully purchase another house. 

@Dennis Weber , I have done that.  I am thinking a little more in depth info on how I run my business might be able to help convince her I am not running a Mom and Pop shop, but running it as a business.  Maybe I should just keep it simple and see how she reacts to Seller Financing, and If she reacts well, come in with more info.  

I just connect with @Mike Curley who is a Attorney in West Hartford, might be able to help you.

I have never looked into Tax Liens, where are you able to view/Find them?

Congrats @Jose Bernard, if you need any advice on contractors shoot me a message, I'm local.  Post some pics when your done.