All Forum Posts by: Account Closed

@James Galla thank you so much for your wisdom and guidance.....I’m sure you will find a home for your negativity somewhere, but it won’t be required here, thanks all the same

@James Galla

The clue is in the title....which word didn’t you understand ?

You did word it “like that”.....and you know you did

This is clearly not for you......I’m sure there are other threads where you can attempt to talk down to folk, but it won’t wash with me....

@James Galla ah the classic pro forma I’m holier than thou negative predictable reply.....yawn

@Ashley Hamilton

What about starting “The $30k Club”....

10 investors @ $10k

The club buys 3 $30k properties, the $10k left is to cover expenses

Entry criteria

Little or zero experience in real estate

$10k must be a considerable amount of money to them

@Ashley Hamilton......exactly!

The biggest negativity I’ve read on here by so called experts is that is so so difficult to find tradesmen and teams to repair out of state, .....why is it ??

They talk as if it’s some secret gentlemens club, that we won’t ever gain entry to !!

It’s not rocket science, even if you know nothing about property, you get 3 quotes, you get local recommendations, you check the firms out....and if they don’t turn up, or don’t do the work to standard, you don’t pay until they do !!

What’s so difficult ?

@Damon Rucker introduce yourself and ask them what issues they have with living there, fix all the small and inexpensive items promptly .

If they suggest larger , more costly improvements then that’s your opening to striking a deal regarding a rent increase and a greater commitment contract wise, otherwise I would suggest you keep rents as they are until they leave.

In the same way that the secret to having good employees is to ensure they enjoy making money for your business, a tenant happy to pay for the home and service they get is much more likely to stay....

@Clarence Gong

EIN is easy, and you do not need ITIN to get this

@Clarence Gong you need to use a specialist , virtually impossible to do it yourself

Massively unnecessarily over complicated........find and pay experts to do it for you

Some good points , but some of you didn’t read the question.....

It’s also clear some of you have never been through a recession.....I can guarantee, from considerable experience , that when a downturn comes , your class B super neighborhood tenant, the flash guy with a Merc and a house full of toys and kids will be the first to lose his overpaid job, and the first to default on the $1500 rent.....whereas Mr Reliable in Detroit who works at Walmart and pays $450 a month will continue to do so.....

But this is about $30k houses, local or out of state......about DOING this, going this route, not reasons why not too......

Sounds like you were very .....fortunate!

Is that it or do you have any more details ?