All Forum Posts by: Mike Gerson

Why do you prefer the area to have a C or B rating? 

Hi BP Family. I want to start looking for properties to BRRR.

What is your criteria for a deal?

How much do you want the ARV to be compared to the purchase price plus repair cost?

How do you decide what  area you will invest in? 

Thank you for all of the advice, it is most certainly helpful. 

Unfortunately, RAFT is closed until November 5th and our attorney mentioned that it might take a few months for any assistance to be paid out. Also, it looks like the HOPE Program doesn't offer assistance to Mecklenburg County. 

Even though the house is in North Carolina we are in California and we do all property management in house so we don't have anyone out there that could help her.   She does have a daughter that is attempting to help but cannot afford the rent. 

Does anyone have experience with starting a GO fund me for a tenant? 

I have a terrible situation.  Pretty good tenants for 2 years.  The husband died of covid.  Wife was also hospitalized with covid but is back home now.  She remains on oxygen and has nurses coming to help care for her.  She can not pay rent and she has not committed to moving out.  Rent is 20 days past due.  I don't want to be insensitive, but I have a mortgage on this property.  What should I do!?

Also, the property is s single family residence in North Carolina.