All Forum Posts by: Teddy Smith

I think all the other answers in here have been great. Check credit, background, landlord referral, etc.

On the topic of marriage, I would say a divorcee is probably not going to be an issue especially after 20 years. The ones you want to watch out for are the 20-somethings, party-types, that have druggy ex boyfriend/girlfriends or are recently divorced after a short marriage.

I see where he's coming, but it's a generalization. Way too many other factors at play to just consider the price. I've heard Grant give some good advice but I've also heard him say some pretty far out things.

All these market wizards in here LOL. Truth is nobody knows when the next "big one" will come or what it will be like. 

To answer your question: If you are afraid to act, 1. You don't know enough about the market or the numbers. 2. The deal isn't that good.

If a deal is good enough (and you know your market), you will buy.

I'm glad I'm not the only one who thinks this is a bit far-fetched. 

Any seller with a competent agent is going to make a buyer put down an earnest money deposit with some due diligence. At the very least a proof of funds. Plus, any agent worth a grain of salt can spot a tire kicker a mile away. If it's really priced well below market, you'll get a serious investor.

I'd say it's the latter. The market is heating up and the better deals are getting cooked out. It's slim pickings and wholesalers are pumping up the numbers to try and sucker in dumb investors.

You could always cut out the middle man and try to find your own deals!

I think both cold calling and mailing are effective strategies. It's the MOST powerful if you use them in conjunction with each other! I send a mailer out to my farm and start hitting the phones right after.

So to answer your question: Yes. Absolutely!

Those numbers sound a bit bloated. Have your agent double check the rental rates in the area.

Above all, check the property disclosure (agent can do thru MLS) and hire an inspector. Maybe get a couple second opinions just to make sure.

Sounds fishy even for something in a bad area!

Provided me with a rewarding career, many great relationships/friendships, and taught me how to be a truly disciplined person.

Wow! That's a new one lol. Gotta love those tenants.

Sounds like he indeed violated your lease agreement. In my state, that means the lease would be terminated for the renter failing to meet terms. Call a property management firm tho because this is not a typical eviction and tenant deposit laws vary drastically state-by-state. Just don't take the tenants word that they're going to move out.

Squeeze pages, networking, mailers, and cold-calling.