All Forum Posts by: Sterling White

@Federico Gutierrez as you stated there is no right or wrong answer. For my tenants I do often times give them gifts. If I have a tenant that has been paying consistently on time over the course of a year and lease is about to end. I do have a belief that by being a good landlord this will make them comfortable and not want to leave.

I just like the human feel of things

I totally agree with @Matt Motil above on having your acceptance/denial criteria that you do not sway from. When it comes down to approving tenants you have to take out your emotions, and stick to your criteria.

There will be plenty of other qualified applicants(hopefully your property is in good location). Just be patient

Hope that helps

These are one of the risks with real estate when using leverage @Obaid M. however you should be fine in this scenario. 

Have you spoken with any of the tenants to feel out where they stand? What condition are the vacant units in? I would start marketing those upon acquisition 

I applaud you on aiming to get this rented sooner rather than later. However trying to market the property while it is occupied can interfere with the tenants privacy often times. eg. People may see a sign in yard and try and get a closer look at the property. I however would start to market it as soon as the tenant has left depending on condition.

Hope that helps 

As everyone has stated above @Tiffany Cunningham stick with your offer or either walk away. Key in real estate is making money when you buy. I would not try to adjust the numbers to try and make things work.

I will tell you that there are plenty of other deals in the marketplace. Just be patient

Hope that helps

I am unaware of the other markets you mentioned @Wallace Zhou. I buy & hold in the Indiana market, which is great for cash flow, however our appreciation is pretty steady. Nowhere near CA of course, but I am a cash flow guy so different strategy. 

Money can be made in just about every market it's just about which market aligns best with your investing strategy.

Your're not expecting to much in my opinion   

As others have suggested @Michael Blitshtein with your limited capital it maybe in your best interest to seek other investment opportunities unless you decide to save and wait to buy in your market. 

I would guide you to @Saul L. since he has already came recommended and he is from your backyard so can relate. 

Hello @Chue Kue are your current properties purchased with cash? If so you can do a refi and acquire more properties.  

@Mary Velazquez in finding a mentor more then often you have to bring some type of value along with you.

When I first started out with my mentor in the industry I offered to help the individual for FREE and in turn I gain an abundance of knowledge from working along them.

Hope that helps 

In the event of an exit @Lennie Holland do you plan on buying another rental in your market? 

Also you mention if you sell in 2016 you wouldn't have to pay capital gains. Are you doing a possible 1031?