All Forum Posts by: Taylor Remington

@Kim Cooper I just went through this the first time in Michigan. There is no limit to what you can charge. I also recommend that you don’t charge more than what the screening Cost. You want the best applicants and too high of an application fee can drive away that best renter that you want.

It sounds to me that he has been very successful and probably has some great pointers. I would definitely listen to everything he says and learn from him. Now, to be an even better investor I would supplement his advice by using modern computer devices to analyze deals. You can analyze deals in a way that your grandfather could only dream about when he was growing up. Taking your grandfathers understanding and gut instinct on what a good property is and a good model to determine return on investment and you will have a competitive advantage over many other real estate investors. Any advantage will turn you into a more successful investor. Good luck.

@Joe Doman That might be just what I want.  I would love their contact info if you could send it. Thanks.

Interesting, they are everywhere up here. I'll have to give one a try. Thanks,

I am at the stage where I want to start talking with some lenders about possibilities in real estate. I can cold call 30 institutions but I was wondering if there are investors who have found good banks, credit unions, etc. to work with in SE Michigan. I was told to stick with smaller/regional banks because you can build a personal relationship with people and that will be worth something in the future. Are there any lenders you've found that works really well with investing? Thanks

I would go with 1. I don't see how you can cash flow so much on the house. 50% rule says you'll have $550 in expenses which wouldn't leave enough to hit your cash flow unless there's something you're not saying about why the cash flow for the house is so high. Depends what you want long term though as well. Just my $.02 that might not even be worth that.

@Keri Middaugh thanks, I will check that out.

@Chad Rider sounds good. I just may reach out. If you need help lifting anything heavy maybe I can help :-)

Hey everybody. My name is Taylor and I'm looking to start getting more into real estate. I took the class in college and bought a house but unfortunately I didn't find out about bigger pockets until recently. I liked the idea of real estate but didn't know how much my horizons needed to be expanded. I found out about bigger pockets only a week ago and I've learned so much the last week on the forums, from the blog, and listening to the blog posts. To the 100s of people that wrote those articles that I've read - Thank You. I now am learning the path to become a bona fide investor.

Well done sir. I am another Cantonite that's been researching doing a direct mail campaign to find my first deal. I was thinking about combining driving for dollars and purchasing a list online. Good to hear it can be done. Hey, I would love to see the numbers on the deal if you wouldn't mind to test my knowledge and see what a real deal looks like. @Timothy Colman - I personally know nothing but if you search the forums for direct mail (I usually google direct mail bigger pockets) there is a ton of info on what to do.