All Forum Posts by: Steve Peterson

One trick that is used often is to make sure the sellers sign off on each offer to show that they actually saw it.  The listing agent might not even be presenting your counter offers knowing they can get a higher price with another investor.  Unfortunately the listing agent is for the sellers best interest and if they are getting a higher price, they are doing a good job (in the eyes of the seller).  Best of luck to you!  It took me almost 1.5 years with many lost offers to finally get my first rental property (closing June 1st) and I couldn't be happier.  Be patient and your time will come

Is there any site that you suggest for the background checks?  

Those are good points.  I will be ordering my locks prior.  Thanks for the advice and good luck!

2.5% on 80% of the deals in Illinois

This is why they have RE attorney's.  Lawyer up and CYA lol.  Good luck

Thanks!  I have definitely tried to think out all scenarios but we all know that is impossible

I just went through the same thing and ended up with having to put 25% down.  Good luck to you and hopefully you find something better than myself.

I am new to Bigger Pockets and am learning a lot reading all of the endless posts about RE.  I am closing on my first rental condo soon and I am trying to make sure it gets rented as soon as possible.  Here are the things that I have done already: I have calculated the potential improvements needed and also got a time frame for completion from a contractor.  I have a meeting set up to get land lord insurance as soon as I close on the property.  I have done extensive research and believe that I have a great grasp on what things are being rented for an I plan on renting my unit out competitively.  I was in the mortgage industry for numerous years and know that my closing will be fine.  I have also contacted the city to see inspection schedules to qualify my newly acquired property.

I feel like I have done most of what I can do while waiting for the close but am not sure.  I guess my question is, am I missing something?  For those that have done this before, any help would be greatly appreciated.  

I am new to Bigger Pockets and am learning a lot reading all of the endless posts about RE.  I am closing on my first rental condo soon and I am trying to make sure it gets rented as soon as possible.  Here are the things that I have done already: I have calculated the potential improvements needed and also got a time frame for completion from a contractor.  I have a meeting set up to get land lord insurance as soon as I close on the property.  I have done extensive research and believe that I have a great grasp on what things are being rented for an I plan on renting my unit out competitively.  I was in the mortgage industry for numerous years and know that my closing will be fine.  I have also contacted the city to see inspection schedules to qualify my newly acquired property.

I feel like I have done most of what I can do while waiting for the close but am not sure.  I guess my question is, am I missing something?  For those that have done this before, any help would be greatly appreciated.  

Sounds good!  I will let you know if I ever find something fitting your description