All Forum Posts by: Nancy Brook

Hi ISI OBADAN My favorite place is the one that provides a great return. We have one bedroom units to a four bedroom house. More bathrooms are nice for tenants but are more work in potential plumbing problems for investors.

Originally posted by @Tom Kelly:

Has anyone thought of investing in Home Warranties? Most leases have a clause that "the tenant is responsible for X repairs". With a Home Warranty, the tenant is more likely to get things fixed and not procrastinate and allow them to fester and it limits the cost above the service call to the owner. Call backs are on the Home Warranty company.

I got one for our house because I did not want to be poking around the washing machine!

 Interesting. What company do you use?

Originally posted by @Ndy Onyido:

welcome to BP..

A lot to learn!...but is flipping really the way to start?

If I knew then what I know now I'd start with wholesaling and turnkey rentals. The rehabs have kicked my butt this year. But everyone had his or her own strengths. 

Hi @DaShay Saures! Welcome! 

I'm going to have to talk to my wholesale contact sometime and ask. I'm very curious about a Frenchman investing so much in Florida.

@Dawn Anastasi

Thanks for your reply. I personally do not invest in the more challenged areas. However, I found someone who likes this area.

This weekend, I posted an ad on Craigslist saying I buy houses for cash and got a call from another wholesaler/real estate agent. He told me that he buys houses for someone in FRANCE and the guy wants to purchase five Section 8 houses in this neighborhood every month. He got back to me after posting and he's very interested. Just waiting on the seller to return the contract. 

If it works out, we'll split the wholesale fee.

I'm wondering if there's a way to market wholesale deals to out-of-country investors more directly. But I'm good sharing a fee to get the sale done.

I rolled my 401k into a self-directed solo 401k. Best decision I ever made with my retirement planning. Can invest up to $55k (something close to that) every year now.

Hi @Ryan Hand

Welcome to BP. If you are looking to buy through a realtor, I recommend Donny Thompson with ERA realty. He is a property manager and can steer you to rentals that will be good buys.

If you are interested in turnkey, which is a great way to go when you start, I recommend American Wealth Builders. I've bought two hassle free properties through them.

Message me if you need contact info.

Good luck with everything!

Hi - I've been wholesaling for a few months now. This week, I had a call about a turnkey Section 8 rental. It's in a rough area of town, so the return would be better than average due to the location. 

I'm curious, what would you say is a good gross return as an investor? With her asking price, it's at nearly 25%. I haven't done the inspection yet, but she says it's in good shape with a good tenant in place. I have asked a couple of my investors for feedback but thought I'd throw it out here as well.

Hi @Toni K.!

Congrats on your condo purchase. I do investing in St. Pete also.