All Forum Posts by: Robert Nason

Go around the realtor and approach the sellers directly. Don't let the realtors dictate your approach and offers. I would let that realtor have a piece of my mind. I had the same problem with a broker who seemed less than eager to show me a building for sale where he was a tenant. I quietly contacted the seller advised him of the situation. We came to an agreement on the spot and I closed on the building 45 days later minus the brokers fees. Also, as a bonus I had the pleasure of evicting the broker!!

Wait , typically refinances can be very quick, unless your bank demands an appraisal. I would discuss this with your banker, let them know your plans.

If they can't afford the security then they probably can't afford the apartment. My sense is you will be chasing them for the remains balance due for months. The more you give the tenant, the more they will take. It's important to set a firm financial standing with all tenants.

640 is a good base to work with. But look at employment history, past landlord referrals and determine why the credit score may be less than stellar. I use Zumper.com to pull all my reports.

You must protect your tenant in this case. It's by no means their fault. Let them know you care about their well being and safety. Don't hesitate!!!

I owned a financial services company and a wine store as well as being a hack actor. 

I usually have them set to 72, but you can have the temp at 90 and tenants would still say it's too cold!!

Yes you should pay, a little good will goes a long way.

I think you answered your own question...if your looking for long term gain, then stick built is the way to go. Trailers tend to depreciate in value, stick built will appreciate in value.

I feel many new investors shoot themselves in the foot by not approaching their local bank first to test the lending climate. Many investment deals are based on the deal as much as your financials. If the building is throwing cash and you have decent credit it may be possible. Why start your investing life with a complicated deal. Just my thoughts.