All Forum Posts by: Sterling White

Thanks you guys for the input. How is your wife stopping you, @Rob McGahen? 

Are you looking to own the multi-family outright yourself, @Neil Browne? You may be able to structure the deal to where you do not have to come out of pocket to fund the deal.

Usually you find someone to complement your weaknesses in a partnerships. There are other strategies as well that can make a partnership beneficial.

Have you attended local real estate meet ups, @Firoz Lilani? 

You're in the right place @Richard Belanich welcome to the site. Best of wishes on your journey.

Hi Everyone, I am looking for obstacles that are holding investors back from accomplishing their first deal. Leave some comments below and I will do my best to offer insight. -Thanks for your input Sterling.

Other experienced investors are more than welcome to chime in as well.

Agreed with @Ross Greene. The market will tell you what your rental should be priced at @Joseph Fernandez. Pull comparables in the local area. If you price too high or too low the market will let you know. 

You're the one that sets the price. 

Are you attending local meetups, @Will Mixson? You may find the person you're looking for at one of those events.

I shadowed & worked for my mentor FOR FREE when I got started so you're on a good path. 

Welcome to the site as well.

This should be charged to the tenant @Carole G. in the event the guest is the culprit. Is this covered in your lease?

Those are great questions @Ryan Canfield. To add I always mention:

1) Applicants must produce 3x monthly rent in income

2) No prior evictions within the past 7 years

Do you fit those qualifications?

No I am not @Sonya Hansell. Have you used Thumbtack to find contractors? That platform has a reviews system that can help with due diligence. 

Welcome to the site @Derrick Fisher. Glad to hear you are getting back into investing! Are you self-managing your units?