All Forum Posts by: Paul Wurster

I agree with Rolanda. Just think about it as a property that rents for $650/month. Evict if they deviate from the pattern.

Invest. Pay down your stuff but invest. The single biggest impediment to people being successful is themselves. Do something and do it now. If you wait, you will get distracted or discouraged and you will be posting on here in a decade about how you wish you started a long time ago and how great the advice from this Paul guy was.

Is he operating a business? Get a receipt.

Cash is just like money. Nothing wrong with it.

Hey fellas, the next meeting is at Carol's Carpets. Here is the message.

Mark and Lee Courson with Carol’s Carpet in Montgomery will be hosting this month’s meeting at their location.1640 Eastern Blvd, Montgomery, AL 36117.

There is a montogomery REIA Facebook page that you guys could join to get these messages.

@Curt Davis I have had a good experience so far. Less than a month of vacancy on one property. They both started with renters.

Fees are not unreasonable. 10% management. Releasing fees were annoying but not crazy.

They were freshly rehabbed when I bought them and they came with a one year warranty so that has been in check.

I did have a break in and stolen furnace(wtf), but it was most likely the tenant that just moved out.

Most importantly, it was the inspiration and education to start doing this for myself. I make way more by myself. I probably won't buy another TK property, but that is only because I have the team in place to do it myself in a place that I know well. If I couldn't do this, I might consider it again.

Memphis

Word. @Ali Boone summed it up nicely.

The TK properties that I bought were also managed by the seller so the customer service has to spread across the full ownership spectrum. He has to do a good job to keep me buying more.

My answer is yes. Try to earn your first year. You will hopefully learn as much or more than you earn your first year. After that, then you can set goals.

Drop the hammer and evict or offer them a few hundred to move out.

Get recommended to a banker by someone in your local REIA.