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All Forum Posts by: Tracy D. Garrett-Numa

Tracy D. Garrett-Numa has started 21 posts and replied 96 times.

Post: Airbnb using others Rental property

Tracy D. Garrett-NumaPosted
  • Developer
  • Bowie, MD
  • Posts 110
  • Votes 22

I have properties in multiple cities and would love to add Detroit to my list if I can connect to someone on BP who are local.

In regards to AirbnB; I am interested in short term rentals and I have notice folks are selling a step by step course on using other folks rental properties for AirbnB.  Has anyone used any of the training and if so please share your experience.

Thanks

Hi Ashley

I am an active investor from Maryland and have rentals in Va And  New Orleans.

Loved the podcast with BP.  I am interested in investing in Detroit.  How do I contact you

Hope to connect soo 

Tracy

Originally posted by @Ashley Hamilton:

Hello,

These are great strategies, I prefer to invest in area's where I can do cash deal and not have a massive mortgage. Here in Detroit, You can purchase a property for under $30k and rent it out for between $700-$900/month. So you'll have very low cash invested and if there happen to be a recession, you wouldn't have a mortgage payment, so you can just lower the rent. For example in a high market your house rent for $800/month, then in a recession your tenants of 5 years have to move because they lost their job, you could offer them to stay at a reduced amount of rent say $400/month until they get back on their feet. Since you don't have a mortgage payment your only expenses would be taxes, insurance, and maintenance. For small repairs like broke door knob, or leaky faucet, you could have the tenants fix them themselves since your already reducing the rent and you can appeal the county to lower your taxes because the value has gone down. If you had a mortgage you wouldn't be able to lower the rent because you'll have to make a mortgage payment and wouldn't want to have your expenses higher than you income, so you'll be forced to find another tenant. So that my friend is a recession proof investment. Please check out my podcast episode #331 for more info about Detroit.

Post: Best Real Estate Investor CRM Ever Created!

Tracy D. Garrett-NumaPosted
  • Developer
  • Bowie, MD
  • Posts 110
  • Votes 22

HI Tim,

Are you still beta testing or have you went live with your CRM software?  I would like to get a demo of the software. Please let me know how I may get  a demo.  I am currently comparing the different CRM with the best features for wholesaling/rehabbing and flipping.

Thanks in advance and look forward to hearing from you.

Tracy

Hi Tim,

I know this post was a year ago. I am looking at different CRMs and wanted to know if you are still giving folks the option to try you's out as a beta test.

I am interested in cheking out Reisoft if still available.  However, i clicked on the link you provided and it went to a non existing site.

please advise,

Tracy

Thanks for the responses everyone!

Hello BP Members (Baltimore)  

I am rehabbing a property in Baltimore and I do have trades who are licensed however, I would like to be as informed about zoning codes as possible.  How do I look up codes for the different mechanical items.  For example if I want to know how or what is required for a hot water heater install or what are the required distance between receptacles?  I have found a huge document on line for codes but I can never go directly to what I am looking for as for as requirements.  I am not trying to do a licensed persons job but I would like to know where to go if I have a question about how something is being installed, this would also assist me in understanding how much something should cost to meet the requirement and having a good feeling about the upcoming inspection.  Thanks for any information you may provide.

Tracy

Post: Prevent my 15k ARV mistake in under an hour with this free tool

Tracy D. Garrett-NumaPosted
  • Developer
  • Bowie, MD
  • Posts 110
  • Votes 22

This sounds like a great tool.  

Has anyone here on BP uses the tool and can give a review here?

@Kyle Plants Wheather iys possible or not, its best you pay back the first loan. You can still be successful.