All Forum Posts by: Sam Trentwood

I am thinking about buying property on tax sale auction in Texas. What liens will still attached to the property after the sale. What liens will be removed. 

@Jaideep Balekar that’s impressive, nice work.

@Cody Smith

Invest, pay off your loans on regular schedule unless your investment strategy is to grow your portfolio debt free. Your investment will be bringing money to pay for your regular payments. There’s no reason to pay it off unless it’s a high interest consumer loans.

@Simon Obas

We waive inspections often. But that doesn’t mean we are not doing a thorough inspection. It only means our offer is not contingent on what on what you find on the inspection. We do a full inspection on all the properties we buy, but it is not a condition for closing. But we always have other conditions on the contract, that we can use if we need to get out of the contract.

@Kat Hughes

We don't provide appliances in most of our SFR rentals. It is not a standard practice to provide appliance in SFR in our market. When we do, we have specific clause in the lease that states tenants are responsible for all the repairs and the landlord won't be replacing the appliances that are beyond repair. It will become tenants responsibility to get that appliance and they can take it when they leave.

But we do provide refrigerators in our apartments since it’s a standard practice in our area and all the repairs and replacements are landlord’s responsibility.

So it’s all depends on what’s in the lease.

@Nate Bibbo

You don’t have to rent out your current house unless you need the rental income or need to use the potential rental income to offset the current mortgage. But your current house no longer be your primary residence.

@Anthony M Scandariato

Welcome to BiggerPockets

What’s the Impacts of the proposed Minimum Wage Hikes on housing (acquisition expense and rental) on average suburban neighborhoods.

@Jon Mason

Always check credit and back ground check on tenants and those who co- sign. You gotta run their credit/background check to make sure they are creditworthy.

Leasing to someone unseen not always red flag. If they have verifiable circumstances that make sense to you. Also it’s not like you leasing someone in 1990’s. It’s 2019, technology like google maps, FaceTime and others almost eliminating the need of time and money spent visiting out of state properties.

@Russ Marlborough

Did u consider getting a loan through a portfolio lender base their loan amount based on cash flow from the property?