All Forum Posts by: Rose White

@Anna Catron hi Anna,

I think doing background check is more for you than for the tenant. I would want to do background check even if they had to pay $1 in rent. I am allowing someone to live in a house i am responsible for so they have a place to stay (even tho their rent payment is helping your mortgage). I don’t think $45 background check cost would hurt anyone, really. If at worst case, and if i was in a shoes where I don’t make enough, i would be up front with the landlord about the fee and ask if i can get it waived for me to go through the background checks.

HI Dauntae, 

What is your major? from W2 stand point, depending on what you've majored or what your talent is, i would increase that salary first. I come from no money, not rich parents, no degree, but i hustled since i was senior in high school, so that was all i had, and i am at 45-50k salary with W2 job. 

With that said, i think knowing what makes you happy is the most important thing... (serving people, or increasing your value- i think i am more into helping others increase their value than mine, but learning on the way) also whether its single family or multifamily, learning best and most you can would be helpful to those who have money, wanting to invest, and trust you would be a key. 

If you have any strategic questions about multifamily or SFH, you should ask the BP community to increase your knowledge to those who are close to you.

Also, with low or no money down, you have to be creative or be able to attract people with money, meaning you need that hustle and learn the most you can with what interests you. your vibe attracts your tribes. know what you want and get after it! 

take advantage of the people on bigger pockets!

good luck! 

Hi Michael, sometimes, some people need to see a proof before they see if it actually works. Not many people actually have those who were successfully wealthy through real estate, so they just automatically go on "defensive/rejection" response. It's like when you start investing in stocks. People say if you don't know what you are doing, you shouldn't or it's waste of time. However, others who have invested would say, "review the market, read the news, watch the stock market and learn to analyze". It's all personal opinion and i think if you want to achieve this new milestone, I'd say go for it! 
To win them over, i think if you share your knowledge and passion with them whenever possible (passively, not aggressively), then they may get curious and ask you questions or seem intrigued. 

Our plan is to get our first investment house this year as well. 
Good luck! 

Hey, Robert! 

based on your zip code preferences, i see the most potential in 30318 because of the surrounding parks and simply, the location. I am sure you see it when you drive around, but there has been a lot of jobs at downtown atlanta. 

i usually base my opinion on jobs because thats where people would mostly want to be at.. close to work, work close to home. 
Also, you can kind of do some "job search" in the area to help you get some # of population in the area as well (if there are a a lot of jobs in that area, probably and most likely more population) 

Good luck, but i root for 30318!! 

Hello, i wont be there personally but my husband will be attending!

Hi Daryl, 

Our firm has about 35-40 rentals ! 
what are the questions you want to ask? 

@Brenden Mitchum hi fellow Atlantan!

i maybe late to the party but maybe due to the contract between the seller and agent thats creating an issue for you talking direct with the seller?

And also what everyone else have said.. but the buyer’s agent doesnt cost anything for you, so it could have potentially elevated the situation if you had one (unless the BA communication time was slow too)

Anyways hope it went well !

@Nathan G.

I might sound naive and easy to fool, but i would allow the tenant to stay in the current situation + rental amount.

If you are concerned about the building itself, you could just ask him if you can visit to see if any “decade maintenance” (made up lol) needs to be done and check all things that could be problematic or expensive if left uncared.

If the tenant pays on time, but under market value, i dont think you should kick them away. A little bit of any humanely gestures can go along way.

Also, like ppl said, the tenant just might not be able to take care of the house due to personal disabilities or something .. i kinda want to clean up for free for this tenant Lol

Hi Mike! Congrats on getting your license! 

I recently got mine as well and i joined a firm to work part time as i have a desk job that has benefits and steady income (i have a family as well). 
As far as going active, you might want to consider the cost of being an active agent before you join one. 
- post license classes 
- CE classes
- MLS fee (varies by firms?)
- Marketing website/product fees
- having whatever to make your part time agent position work fees..... 

I think you could also take this time to network when possible. It's been quite hard for me because i have kids and a full time job, but i try to make time to increase my knowledge after work or during break. Also, being able to target to network with agents, lenders, bankers and investors in your sphere would definitely help as well. 
With that said, joining a smaller firm would be better as well like people mentioned above ! 

I hope it all works out! 

HI Fitzroy! 
That's awesome! I am new so I wouldn't be helpful but good luck!
hope you meet some awesome rock star investor/wholesalers while you are here!