All Forum Posts by: Tami Y.

I have his numbers from the last three years and I am giving you actuals. Most tenants are farmers and have had their units forever. They avg 8 vacancies a year. I live 30 miles from unit but I have a partner that lives 5 minutes from unit and will show it for 10 dollars a time. My mortgage is around 1k per month on top of general expense.

What do you think would work better Jon?

Wanted to see what your thoughts are to how we do our rentals.
We have an investor - pays cash for everything.
He gets 12% roi and we get $100 per month for rent per property.

So here's how it works
$50k for house and all repairs
$600 per month for rent
Investor gets $500 we get $100 per month

If we have expenses then we both get deducted on our return.

My husband is the general contractor so he gets paid for remodels, etc.

At the end of the year we all get our $ and we can either take it or own more of the company by investing our profits back to company. Right now we have bee in business for three years - we own 12 single family and have flipped two.

On flips we make more.... Investor gets his investment back then we split net 50/50.

Also we provide fridge and stove do you guys provide washer/dryer we thought about offering washer/dryer but for a charge. Thoughts

It's Freddie Mac

I do not know if she is buying them for cash or getting a loan, it's actually her boyfriend the agent buying them and using her name. They are buying them prior to being available for investors saying it's owner occupancy, but how can this be when she never lives in the house, has multiples houses under her name?

There's a real estate co. In my area that gets all the Freddie Mac listings. The listing agent purchases all the houses thats understand 20k under his girlfriends name, keeps them in the awful condition for the time period the sells them for sometimes4x's what he paid for them. My agent is saying he is getting away with because she is not related, but if she is buying all these homes it's not owner occupancy or does that not matter. I know whe we try to buy Fannie Mae we have to wait X amount of days, the agent is saying his gf is owner occupancy, he works for a terrible company that does the same thing. This is ridiculous, we completely remodel all of our homes and provide a great living for our tenants. They sometimes don't even list the properties, or we find out day 1 on MLSand they say they already received accepted offer. Thoughts?