All Forum Posts by: Monica Johnson

Thank you all for your input, I really appreciate it!

I purchased my first rental this past summer and am having the WORST experience with my property management company.  It really made me realize I can do this better on my own.  I am closing on a second home in a week or so and will be managing this one myself.  I realize some people feel strongly about hiring a property manager and visa versa but I at least want to try it for myself.  I decided on using cozy to collect rent and I also have Venmo and Zelle.  I wanted to get business cards made with the payment options on the back of the card and I was wondering if there's a generic way to list how to find my properties on cozy so I can print that on my business cards or if the only option to find me is by direct link.  I would also love to hear how you collect your rent!

$68,000 for the entire property. I know it can be difficult to find lenders for properties under $100,000 but U.S. Bank will and I was hoping some others might reach out to me on here. Thank you for responding!

I'm currently looking at a 6-unit property for $68000 in the Indianapolis area. I have the money for a 20% down payment but my debt to income ratio is high Bc of student loans (even tho I'm on a $0 repayment plan, they still must be included). I'm thinking my best bet would be to find a lender who will let me use the rented units as income. Does anyone know of a good place to start? Or would a hard money loan be an option? No thanks as a flip but I know there are some hard money lenders that will let you hold a property. Thanks!

I am looking at a house that's selling for 30k in the Atlanta area, comps are 150k.  I have a hard money loan for 60k.  I'm going to look at the house in the next couple days (the owner said he has to have it sold by April 3rd).  It appears to have some roof damage that has affected the drywall in at least 2 rooms in the house.  I wouldn't know where to start with estimates for that much damage and I don't know anybody who can eyeball it.  Should I find a contractor and pay them to come out and assess? 

I would just like to see it before making an offer but the listing agent has not responded back to me when I've suggested times that I could meet her out there. 

I found a townhome with a long-term tenant that seems like a great deal but the listing agent has flaked on me twice while trying to see it. I don't have a contract with her and the townhome is in the Austell area.  I'm looking for my first flip as well so I'm trying to find a realtor that's experienced with investment properties.  Can anyone point me in the right direction?

thanks, I just read that book. Just wanted to make sure I wasn't missing anything!

I am looking at an apartment building selling for $310k (8 units, rented at $500 each) which includes a similar bldg in need of total rehab (est 170k). I do not have enough for the down payment, I have 20k. Is seller financing my only option to purchase this property? And what type of structure should I suggest to the seller?