All Forum Posts by: Noemi Chavez

find a property with owner finance just make sure that it does not have a prepay penalty. (the terms, down payment, are negotiable) After getting the home, I will contact different programs to see if they have anything to replace windows, doors, or anything that is too old on the house and make the property more energy efficiency. I will rent some of the rooms to increase my cash flow.  I will continue saving money to invest in my second real estate investment,  

I will find ways to increase the cash flow in the current properties that you have. Maybe increasing the rent if the lease is up. After that, I will create a business plan. Do a list of advantages and disadvantage on getting a job, going full time as a real estate investor. Remember that there are some many strategies that you can do on real estate. Find one that generate some income and you feel happy about it.

Request a balance transfer on your credit cards and if you are going to use two or more please call them on the same day. 

I have two credit cards one for Bofa and Chase. They have 21 months between 3% to 4% balance fee. 

@Chris Seveney Thank you! Right now, I am using the local resale stores. I am trying to find a system or check list to quality better the tenants. 

@Nicholas DeCespedes Thank you! As soon as, I get this rental deal with optimal cash flow.. I will contact you!

@John Underwood Thank you! For the improvements I got the tenant to apply to a local program and they replaced the windows, doors, shower, and a lot more little things around the unit. Thank you the refinance and the pet ideas are going to be my next items to work on. 

@Chris Seveney douplex/ multi family unit 

What are some creative ways to same money on repairs? For example, buying returned paint from Home Depot at a huge discount? What other ideas do you guys have? 

What are some creative ways to increase cash flow?