All Forum Posts by: Rick Dreyer

@Tina Tsysh hey Tina, I'd love to see what input you had on this. Can you send to me as well?

I am renting an executive property and am looking to place a tenant for the lease start date of April 1. A potential tenant fits most of our criteria. It would be him, his wife, and two children (high school and college aged). They make more than enough income, have supplied me with two years of rental information along with references I plan to call. However, in 2018 they were charged with a DUI, and in a separate month, charged with possession of a controlled substance while armed with a loaded firearm.

What experience do you have with tenants like this? Are they still worth considering, or in your experience would you move on?

@Kathleen Everitt when and where is this? New to Bigger Pockets, so sorry if I missed the info!

There are a lot of homes in our area that are I feel like are overpriced, and therefore are sitting on the market for a while

Wanting to get some of your advice as to offering the seller well below the listing price. Do you think it is best to be up front before seeing the house in person, and letting them know you think it is overpriced, and asking if they are flexible?

Or is it best to see the property, take a good analysis of the property, and give the sellers a low offer afterwards?

Thanks in advance!

@Ryan Blackstone thanks! We're also in Springdale, nice to meet you!

@Brian Wagers thanks! We're also in NWA, nice to meet you!

@Stephanie P. thanks!

@Stacee Evans thank you!

Hello, we own four rental properties in Arkansas, all on 15-20 year mortgages to pay them off quicker. All have appreciated at this point, and we are wondering if we should be changing our strategy. Initially, we were going to continue working our day jobs, and 15 years down the road, have these as passive income

We have the opportunity to refinance these loans now and get immediate cash flow, where we could flip houses and look at buying more rental properties. The downside of this is that it will push out the end date of these loans, prolonging the time until we have passive income on these

Has anyone dealt with this, or know of a good way to analyze which path will be more profitable in the long run?