All Forum Posts by: Rob L.

What about cash for keys? pay to get them out. Skip the eviction process. Just a thought. Whats 1k to save 10 or 20? 

@Nicholas D. This was sent to a non owner occupied investor. 

@Nicholas D. We did something like this in the past and picked up a investment property by mailing directly to the owners. I think the key thing in your situation is to keep the seller motivation in mind. So when your sending these letters I'm usually pretty frank with what my intentions are and the potential value of working together. You could talk about the savings they might have by selling direct, no real estate agent fees etc. 

Welcome to the site! Sounds like you have a good plan outlined. 

Hey @Andrew D., you can find good areas in pretty much all of the local towns around Wilmington. Take Lawrence for instance, not all parts of the town are bad. I know some pretty nice areas and some streets I wouldn't want to drive down in broad day light. 

I own property in Lawrence and Haverhill and I'm a licensed agent. I would be happy to jump on a call to discuss just ping me a message. 

@Jeff B.

These types of programs do exist. My wife is a real estate agent and she's had a couple clients who have received their mortgage thru NACA, Link here. 

No lie this is what they offer to first time buyers, 

• No down payment
• Below market 30 & 15 year fixed rate mortgage
• No closing costs
• Unprecedented buy-down to virtually 0%
• No points
• No fees

I should note I don't have an affiliation with them or anything just want people to know these types of programs do exist. I think their helping to build the bubble but that's another discussion all together. 

@Cheng Bin Zhang

Here's a great link for all the rules on security deposits, Here

We have a repair pricing list that we send over to tenants prior to move out. I can email you a copy if your interested. 

Welcome @Taylor G. to the BP community! You have come to the right place for learning more about real estate thats for sure. I would definitely recommend putting the numbers on the forum for any property your interested in. The feedback you will get from seasoned investors is priceless. 

If you need a referral for mortgage brokers or anything feel free to reach out. 

Good luck! 

Yeah it may be something worth looking into as you get closer to selling/refinancing. I've seen more owners switching water over but its definitely a hassle billing tenants etc. 

@Robert Nason great job on the quick turn around on the unit. I noticed you mentioned the Heat and Water was included in the rent. Have you priced out the cost to sub-meter the water? That would allow you to move that expense over to the tenants and further increase your ROI and the CAP rate as well. Just curious