All Forum Posts by: William R.

Thank you for the replies and the links. I think the only thing I will be able to offer her is support and advice. I sure hope she doesn't go with the crappy property management company who manages the building on the other side of my property.

I currently own and manage several properties that I plan to hold long term. Recently an owner/neighbor approached me about managing their property. I am not a licensed real estate agent, and it is my understanding that is a requirement? Would it be possible to structure the contract with myself as a leasing agent (which is their primary concern)? Does a leasing agent require a license? I have a vested in the property as it is adjacent to one of my own. Any suggestions about how to proceed would be appreciated.

Welcome. Hope you are enjoying your time in Louisville! Let me know if you have any questions. You've found a great place to learn.

1-4 unit buildings qualify for the 3.5% down payment. The downside is the now permanent PMI, so you would want to refi when you have some equity.

Could you do a master lease with an option instead? That way you can rent it at a profit, then decide later if it makes since to buy at the option price. I have not done this (yet), but I think it would work even if the house is upside down as long as the spread between the mortgage and rent is substantial.

I don't need any credit! I just need good advice, and keep those podcast coming!

I believe that some of the corporately bought properties will not be sustainable. I think they are buying faster than they can renovate and manage the properties. I have heard that they are buying some properties at or above market value, but they have very deep pockets. I’m no expert, but I think eventually some of those properties will come back on the market at discount. I believe that they may also be artificially inflating current prices in the faster appreciating markets.

I recently read a book. I think it was titled $1million dollars by age 30. Majority of the book was about his ultra frugality and how he invested that into real estate. Sounds a bit like your story. I think of myself as frugal (my wife would use another word) but this guy took it to the extreme. Maybe something you want to read.

Hal Cranmer, I know this is an old post, but how did your meetings turn out? Are you still using direct mail?

Welcome fellow Louisvillian!
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Real wealth show
No limits real estate