All Forum Posts by: Tony Savage

Good Question, I would imagine the lender will want to recover whatever percentage that home represents in the single mortgage.  Talk to an attorney about this issue.

The first thing that actually was a question for me is how his is business doing? Is it a start up and that's why he needs to rent a room from you?

Withhold rent, serve 3 day notice to pay rent or quit.

Ok, lets stop calling this adult thats living with his parents a child!

Hey Joe,

You could let the tenant know that you will reach out to his/her employer if they do not vacate your unit immediately.  I've done this before and it is effective in getting the tenants to pay back rent or getting them to leave.

Hey Jake,

You need to surround yourself with like-minded people. Join your local investment club; there you will find folks that speak the same language.  You will get comfortable talking to fellow investors and eventually meet a few that you can do business with.

I have been investing and networking for quite awhile.  I needed more deal flow so I took a trip down south in late July (Memphis, Chattanooga & Nashville). I met with other investors through a colleague of mine and I will start flipping in Memphis soon.  I'm on my second flip  presently in Chattanooga. Two of the investors that I met with in Chattanooga and Nashville I met through BP.

Be clear on your strategy and soon you will connect with the right investors that will show you the ropes.

Good luck on your real estate journey Jake.  Reach out if you have questions.

Don't waste your valuable time searching for REO properties. Those days of plentiful REO's are behind us.

Be kind when you give the applicant the news.  He/she has the address of the rental.  You don't want them going by and wrecking the place.

Hey Cesar,

I agree with everyone here including Henry.  To get your feet wet, get a PM. once you learn the ropes, you can manage one out of state property on your own.  I live in San Diego and have 8 doors in Lansing MI.  I manage them myself; I went out to Lansing a few times early on and found a crew of handymen and women, HVAC, Electrician, plumber etc. Of course you need a solid agent on the ground. I haven't been back since 2018.

I pay my neighbors to show my rentals for me. That way they can pick who they live next to.   

Good luck on your real estate journey. Message me if you have any questions.

Hey Jesse,

So if you're going to be in Miami for four years or more. I would recommend you either purchase a single family residence (SFR) and rent it out. Better yet, if you can find a duplex or a fourplex in Miami. You can do a house hack, where you live in one of the units and rent out the others. Your tenants will pay your mortgage for you.

Stay away from wholesaling right now.  Unless your confident with that type of transaction, it's a whole different skill set.  

Good luck on your real estate journey Jesse!