All Forum Posts by: Ryan Mertens

The longer you do it the easier it gets. Is it stressful? of course!! Does the stress out weigh the wealth you're building? It does for me, thats why I do it.

Some people will never be home owners, they just don;t have the capacity. Some people just can't handle investing or property management, same reasons.

It's a question you have to answer for yourself.

Add up your NOI and your paydown from what your tenants contribute. Divide that by the hours you spend on the property and the hours you worry about it. Is it financially worth it for you?

Almost every job has stress, it's up to you to determine your tollerance and threshold.

I’m excited for you!!! Hopefully the next meeting you have good news for us. In the letter I would mention that you will take the house as i, junk and all, I’ve actually gotten deals before because the seller, which in those cases was usually a family member who inherited the property was relieved they didn’t have to do anything on the inside other than take the things that they wanted. Good luck and keep us updated

 Jeremiah made a lot of good points and I agree with a lot of what he said.  Don’t ever put your future into some companies algorithm about properties that they’ve never even set foot in

70% ARV -rehab cost is greedy in my opinion. If the house is close to worth what you estimated and you put $30,000 in rehab you're offering $120,000 plus below what it should be going for.

 Everybody knows Realestate is hot right now. Even people who know nothing about real estate.   If you lowball somebody like that given their situation and the fact that from what you stated this seems to be mostly cosmetic you’re going to lose the deal.  Theres a good chance they’re going to consult someone local about the value of that home and when it comes back hundred plus thousand more than what you offered they’re going to forget your number.

 Be fair in your offer with your level of experience and your level of risk tolerance. 

I go to Kaysville area usually couple times a week, I’ve estimated(adjuster) 100+ claims since the hail storm that  hit in August up there. Let me know and if I’m up there and we can coordinate I’ll do a quick walk-through with you.

 Sounds like you have a good in  and a good chance to get an off market deal. Do your due diligence and research and make this happen. 

You didn’t state that you had any problems prior to the boyfriend showing back up. From what I’ve gathered it’s highly likely the situation is an abusive relationship and she being  controlled by this man. 

 People Like this and younger people sometimes can’t see past their own nose. Be sure to remind her in a polite way that although she is no longer welcome you thank her for her business and if they proceed with staying longer than what is warranted you’ll  file against her, win a judgment and it will be next to impossible for her to rent from another landlord down the road.

She may be ignorant to the fact that this will be on her credit report and background chrck for years to come. Just send  her a polite reminder of that and maybe that will be enough after she has time to think about it to leave your property without incident

In that case, Becca is incorrect. If you own fewer than four rentals and you don’t use a broker or agent to rent your property you don’t have to adhere to the fair housing act.

You aren’t  required to modify the property at your expense to accommodate the disabled Tenant. You are however required to make reasonable accommodations If your property were to fall under  fair housing

How many properties do you own? There is validity in this question and it pertains to what you asked.

Is it open invitation for anyone in the area?