All Forum Posts by: Terence Lee

Hi Min,

You can go directly to the owner. But contractually the owner can't negotiate with you because he/she given the agent rights to negotiate on his/her behalf. If the owner does that then it's breach of contract with the agent. You can confirm that with any agent. Unless the owner decide to no longer use the agent and do a sale by owner instead. You can contact the listing agent go through him/her. You may have some leverage since on the market so long. Good luck!

Hi Min,

You can go directly to the owner. But contractually the owner can't negotiate with because he/she given the agent rights negotiate on his/her behalf. If the owner does it's breach of contract with the agent. You can confirm that with any agent. Unless the owner decide to no longer use the agent and do a sale by owner instead. But you can contact the listing agent go through him/her. You may have some leverage since on the market so long. Good luck!

@Rivy S.

Congrats David! Very inspirational story. I’m glad you’re able to make it to where you want at such a young age. I’m 10 years older than you and hope in a few years to get to where you are now. I know I can and will. When I do I won’t get a Lambo. I probably get a new minivan :). I’m a husband and father of two and love my minivan.

@Julie Kern when you left your W2 job did you and your family use your husband's insurance and temporary rely on his income to support your he family? What was those times like? Without a W2, how did it impact you getting loans to acquire properties? I'm in a similar situation as you we're and considering leave my job to go full time in REI. But fear the questions that I asked. Would like to hear your experience and any tips you suggest. Thanks.

Hi, I'm interested in investing in Huntsville as well. I'm more interested in multi-unit properties. 

@Vinh Huynh I also live in Southern California. It’s tough to get positive cash flow here. But the long term appreciations can be better than a lot of out of state investments. If that’s you’re target for the rancho property and you want to hold on to it, you can pull cash out of it and invest in positive cash flow properties (possibly out of state) to balance out the negative cash flow in the rancho home.

Dave,

My kids are my inspiration and motivation to be a better person and strive for financial freedom. When times get tough hold it together and think of your sweet daughter. Use it as motivation. It works for me.

Good luck and keep us posted on your progress. 

The turnkey rentals that I own are in Kokomo, IN. Three Cs and one B properties. I want to acquire more B or higher to add to my portfolio. From past experience, the C properties tend to have more tenant issues. I'm thinking of investing in other cities in Indiana like Indianapolis to diversify and reduce risk or should I stick to Kokomo and expand my portfolio there first before I consider other cities. Suggestions?

Hi BPers,

Just getting my feet wet in rental property buy/hold for cash flow. I own four properties in Indiana. Is it a good strategy to invest in one city and build up your profile there or branch out to other cities or state and diversify?