All Forum Posts by: Elizabeth D.

Hello all - 

My current tenant will be moving out in September so I've listed the house for rent.  The tenant either is unresponsive to showing requests or says they need more time when we do. Our lease says:

'Landlord shall give Tenant reasonable notice of such showings. Tenant agrees to keep Property reasonably clean and orderly and that any pets permitted on the Property shall not be allowed to obstruct nor interfere with any showing of the Property for rent or sale. Tenant agrees to make reasonable accommodations to comply.'

So, my question is, does anyone have a guideline for 'reasonable notice' for showings? Any advice on trying to rent to new tenant with current tenant in place is appreciated! Thx. 

Wow, this became a popular post!  Thank you all for your feedback!

I've bought several homes the traditional mortgage route with a realtor to guide me through the process. I realized there are other ways of investing and was looking to learn as much as possible.  After reading all I could, I thought some hands on learning would be ideal. I've sought out a mentor and offered to work for free, provide marketing support in exchange to learn but it's always ended up with a hard sell for a mentor/guru. I get that people want to be compensated for their time but how can I feel comfortable wiring 20k in cash to a single person without a contract or agreement, it's just so shady!   I've even had some mentors ask me to put their name on my current properties so they could get their fees to help me, um what? 

Then yesterday, I sat in on a free webinar to become a 'private funding broker' which seemed interesting. Only to learn after a quick web search, it appears to be yet another scam. 

I just thought a hands on, lightly guided way would be a good way to finally put the learning in action and get in to the field. But each time I get close to thinking I've found help, it just seems I hit another scam.  Maybe I'm just overthinking this and I just need to do it and make my own mistakes as I go along. I was just hoping to find a more solid next step than jumping in solo feet first. 

I’ve been wanting to become a real estate investor for years now. I have 2 rentals that I did through traditional mortgages but am craving more. BUT EVERY TIME I try to learn more about different ways to actually become an investor, I hit a SCAM or system or guru. It’s so frustrating! I get that people want to be paid for their time/system/product but it’s so annoying to do your due diligence only to find out you just wasted time and got your hopes up. At least I dodged a bullet before handing over the credit card. ugh! Had to vent.

So, maybe I put the cart before the horse but I found a property owner that is looking to offload their property at a nice price that will allow for either a reno flip or wholesale. It’s going to be my first flip or wholesale either way and since I’m still learning it’s a bit scary since I need to get more up to speed on wholesaling before going that route. Now I’ve got to find financing and am wondering where to start, hard money lenders or a lender that will loan to my llc? Any tips?

Thanks Steve! I opened an llc 2 years ago, my current properties were done in my personal name. I would be able to fund at 25% down with a 5% reserve. Are there any specific funding programs you think I should look at so I can be in biz? 

Thanks! My thoughts were to use the 2 existing rentals that I have in my personal name to get funding for my existing llc.  I’ve come across a couple properties that have flip/wholesale potential but they would need to go through non traditional financing.  Since I’ve only gone the traditional financing route, I get hung up on other (creative) lending options.  So I guess that’s where I need help is learning more about private lenders. I feel like if I can lineup a good lending option, that would help. I also need to get a better understanding of wholesaling and it’s tough to get that hands on experience.

I have a vacant property that is causing issues for a property I own. The house will be up for tax sale later this year. I’ve never bought a tax sale before and am curious about how it works and if I should do it. Is there financing available for tax sales and renovation? Do I need to have the cash available to purchase whatever the final amount is? How do I actually become the property owner? It seems like an intimidating process, any tips would be appreciated!

Hello all- I’m trying to turn this temporary setback into a positive opportunity. I’ve recently and unexpectedly lost my job. Prior to losing my job, I acquired 2 homes and updated for rentals. I’ve ‘lurked’ boards, read books and blogs but just haven’t been able to actually make a move beyond a personal traditional real estate purchase. I figured now might be the right time to find my guts but I keep asking myself if I can become an investor if I lost my job? I do enjoy real estate and I’m curious if anyone else been in this situation? Thanks!

Thanks all for your feedback! The floors were decent but not perfect when they moved in. Then, as they lived there, the stain started to get scratched up. I did contemplate new flooring and had someone come in to do an estimate but after they told me it’s going to be more than 2k, there’s just no way. I do try to take care of my tenants but have seen the ‘give an inch take a mile’ in effect.

I purchased a house last February and rented it out to a tenant through the voucher program in August. The house is in decent shape but it has older, 1970s wood parquet flooring. The floors had a darker stain on them which is showing signs of wear/tear/scratches. I looked in to getting new flooring but it will be at least 2k which is not an expense I had budgeted for. I consider it purely cosmetic but my tenant keeps asking when the flooring will be replaced. I’m still new to this and think the floors can wait, thoughts?