All Forum Posts by: Trevor Hart

Piggybacking of your thread. Am I the only one having difficulty making the cash flow numbers work on small multifamily in SLC? 

Even with the best screening practices there is no guarantee that a tenant will never be late. People are often motivated by rewards. Perhaps implementing an incentive to those habitual late payers. Let's say X amount off the 7th month's rent after the next 6 months of no late payments. I'd imagine it would be less costly and time consuming than repeating the eviction process every month...I've had my fair share of NYC's tenant friendly protection laws. In the end it was better to just buy them out.

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I would also suggest a memorandum of contract to protect your interest in the transaction. Just in case the seller attempts to close with another buyer while you're under contract.

Hi there folks. I've owned a few rental units but I'm just now getting into wholesaling. I've been listening to podcasts, a ton of youtube "gurus" and such. What are some essential books to read on wholesaling for beginners?

Awesome work Steve. This is what I was looking for.

I'm impressed with the reno. Congrats. You've inspired many of us.