All Forum Posts by: Stephanie Trotta

- Current Rents vs. Market Rents; also, perform the market rents due diligence on your own; Realtors seem to overstate and don't just refer to a Zestimate; call a few units in your area and ask!

- Rent Roll History (looking for tenants paying on-time)

- Who pays for utilities (owner or tenant)? If Owner, grab a copy of the last 12 months of bills.

- Who pays for lawncare?

- Sewer or Septic? If Septic, how old is the tank and can they provide proof of last being pumped? Most County Health Depts have the install records online.

- What does the current pay for insurance?

- What are the current taxes? Will this go up based on the purchase price?

I have a spreadsheet on my website you might be interested in acquiring. Go there and respond to the pop-up. Good luck!

0 Votes

Hello, I'm looking for an attorney in Corpus Christie, TX who can handle a property that has fire damage? Please DM me with your info. Thanks!

0 Votes

Quote from @Ines Valdez:

Hi, I have a ticket for SAle, unfortunately I cant make it.
I bought for 800 usd.

Hi, do you still have the ticket?

0 Votes

Trying again.... guess I can't share my contact info here. Apologies! I am a Subto student since March 2023. It's the best mentorship available by far. The community is incredible. Pace is the biggest go-giver out there. He overwhelms us with all the opportunities and training he gives us. The best money I've spent in real estate so far!!!! I'm happy to answer any questions you have. Take care!

0 Votes

I'm a Subto member since Mar 2023. It's the best mentorship available by far. The community is incredible. Pace is the biggest go-giver out there. He overwhelms us with all the opportunities and training he gives us. The best money I've spent in real estate so far!!!!!!!! I would love to connect and see how I can add value. https://calendly.com/therealstephanietrotta/introduction

0 Votes

Hi, does anyone have a ticket for sale for BPcon 2023? Thanks!

0 Votes

Hi, I'm not seeing any way to buy 2 tickets? Is there a way to do this or is it only 1 ticket per person? Thanks!

0 Votes

Quote from @Jennifer Fernéz:

Hi all,

Could someone help me with my first deal? I don't have much liquid money, however, I'm interested in working a creative finance deal to my neighbor. The old tenants suddenly moved out and they said the owner is trying to sell the property. When some roofers were working on the home this week, I was able to retrieve the owner's contact info, and I learned he lives in a different state and has been renting it out many years.

I've been reading creative financing books, and I want to reach out to the owner to see what his situation is, and if I could buy the property from him using creative financing. Could someone coach me how to gain possession of the property without using my own money? I have the general idea (I think it is called subject-to) or any other method I could use to make this work.

Please help. I've never done this before. It's a 2 bedroom home in a C+/B- neighborhood. The house is in the best school district in the county and will sell fast. It's current condition could probably get $190,000-$210,000. If its renovated, it could probably sell for $30K more. Rent is around $1,700-$1,900 after renovation. Maybe $1,600-$1,700 before renovation.

Thanks,

Jennifer

Purchasing the property subject to the seller's mortgage is ideal when: (1) seller doesn't have much equity and (2) their current mortgage has a great rate (less than the current rate). If the seller doesn't have a mortgage, then he has equity and that's when it's ideal for the seller to finance your purchase for terms. Terms are negotiable. When seller financing, ask him how much he'd like to get per month and for how long. Then work your way back into the terms. Hope this helps!

0 Votes

Quote from @Adah N.:

@Eliott Elias

Which credit cards do you know report on D&B and do not report on your personal credit?

Hi, the key is getting an actual business credit card using the business's tax ID, not your social security number. If it's your first business activity, the bank or card company may require you provide a personal guarantee in case your business defaults or doesn't pay but the card is in your business's name using your business's tax ID so it'll report to D&B.

1 Vote

Baton Rouge, Louisiana

All Forum Posts by: Stephanie Trotta

Stephanie Trotta has started 2 posts and replied 9 times.

Post: New Investor Checklist for Multifamily Properties

Post: Corpus Christie Attorney

Post: BPCon 2023 Orlando Conference Ticket For Sale

Post: Pace Morby Mentorship

Post: Pace Morby Mentorship

Post: BPCon 2023 Orlando Conference Ticket For Sale

Post: How can I buy more than 1 ticket?

Post: Help! First wholesaling/creative finance deal!

Post: Business credit cards recommendations to build credit!