All Forum Posts by: Tim S.

Know the student rent cycle for your market.  In my market students go under lease in Oct-Nov for the following fall.  It's almost time for me to start looking for students for Aug 2020-21 lease.  Fortunately it's pretty easy, put a sign in the yard and I have tons of applicants due to the great location of my property. 

I bought mine in January and it was already too late to find students.  I AirBnB'ed it to get some income until I was able to get in sync with the student cycle.   Luckily it worked out and the AirBnB income covered about 90% of my mortgage. 

I think you have to go "all-in" if you want to be in notes. New investors either need to JV with people who are making a legitimate business out of it. Or they need to devote enough time to make a business out of it themselves.

I don't think you can get into the note biz half-way, you need enough deal flow to get "good"  deals that can make a profit.  That's different than just investing in notes, you can be a passive investor part time.  If you want to start a note business, where you are investing other people's money, you need to be all-in, and devote a good chunk of time to it.  

Low dollar notes, generally mean higher risk.  Sure you don't have as much money at stake, but they are cheap for a reason. Bad property, bad area, documentation problems, liens, taxes owed, unresponsive borrower.  Harder to get your money out of a note like that, it can be done, but it's higher risk.  If you go into just as a learning opportunity that's fine, but know what you're getting into.   It's the best way to learn, actually do it (after educating yourself). 

i think it’s a lot easier for you guys who are known in the industry to find notes. Especially if you are buying in bulk. I found it difficult to buy just one or two. Sellers understandably like to deal with known buyers. Noobs are probably going to have to pay more, because they are not known to the sellers, adds more risk for the seller. And buying in small quantities you’ll have to pay more. 

There are lots of CFDs available, but I don’t like them, usually crap houses in bad areas. This can work if you are dealing in volumes, a few bad deals can be made up for if you have lots of other deals. But if you are just buying one or 2, a bad deal is a killer  

What kind of info are you looking for? You can call the county to see if it’s been sold at tax sale, good chance it has been. 

It is mostly likely your market, and the location of the property within your market.  There are many markets with strong middle class demand. 

If you really want to get in-depth on the possibility of a recession, watch this:

https://www.youtube.com/watch?v=V7zEXiqiiqA

"That is NOTHING for a doctor"  Because an ND is not a real doctor, it's nonsense based on pseudoscience.   I hope she didn't do it, it's madness and setting you up for a lifetime of stress that her schooling won't be able to overcome. 

https://www.statnews.com/2016/10/20/naturopath-critic-britt-hermes/comment-page-1/

Google it,  Here's one:

https://www.realtymogul.com/knowledge-center/article/what-is-class-a-class-b-or-class-c-property

Excluding heterosexuals would be discriminatory and illegal wouldn’t it? 

Rent it by the house, not by the room, let them self select the group they want to live with.