All Forum Posts by: Nick Bregar

@Rich Baer

Thank you for the response! Your assumption is correct. The part about selecting the tenant is the unknown to me. I am of the assumption that I am not going to be responsible but I guess that will be my first question tomorrow when I meet them.

@Jake Thomas

Thank you for the response! The condo is empty currently which makes life easier. Your post confirms what I had thought originally. What are the seller's expenses that a renter would want to know? Are we talking utilities or association fees? 

Hello All, I am a new real estate agent and am taking a rental listing tomorrow for a family member. I'm going to be very honest, I do not have a great grasp on all of my responsibilities. Other than listing it on the MLS and popular websites, what else am I supposed to be doing? Am I supposed to run background checks, credit reports....etc?

I don't mind do any and all of the work, I just want to know what is expected of me as a real estate agent listing a rental.

Thank you for any direction you can provide.

Nick

My equity line of credit was supposed to close on Monday but was pushed back so it's kind of a moot point at the moment.

As of 30 seconds ago the property is still active on today's auction. I'm half tempted to take some personal time from work and go down to the courthouse and see what's going on with it. I will definitely keep my eye on it.

 When I look on the auditors site the property is several thousand dollars delinquent on the taxes, which I presume is why it's being sold. I was just confused because the house was sold/(transferred) in January of this year...how could you sell the house if you still own taxes? Something strange is going on.

The website was updated today around noon. I will call tomorrow to confirm but as far as I know the sale is still on.

The only thing I can think of is that the owner of the house is just collecting rent on the place and the people actually living there have no idea what's going on. The car in the driveway is a nice car and everything on the outside seems to be in good order.

I'll call the sheriff's office tomorrow and see if I can get anymore details about the house.

Auction is in 2 days. Drove by the house tonight and there are definitely people living there.

The tax lien is against one LLC. Checked the auditor's website and that Lien holder sold the property to another LLC in January of this year.

First question is if it's reasonable to assume the LLC that bought the property in January knows about the sheriff sale on Wednesday?

Second question is how do I deal with renters when I buy the house? Do I just go through the standard eviction process or does the lease transfer to me as the new owner?

This is in Ohio by the way.

Thanks for any help you can offer or if there are any questions I'm not asking and should be.

 Watching now, thank you!

 Thanks!

Hi everyone, my name is Nick Bregar and I have been thinking about getting into real estate investing for about 2 and half years now. I bought my first home as a foreclosure with a 203k loan. I knew nothing about ARV or the 70% rule but as they say, God looks out for old folks and fools. I lucked out and now have a ton of equity in my house.

I have a full time job and I am getting married this Saturday. I have no plans on quitting my day job as I am the primary bread winner.

With all that being said, I am starting my first 2 (of 4) real estate classes next week. Right now my ultimate goal is to fix and flip and fix and hold to rent depending on the situation. I feel like becoming a real estate agent will be a great way to introduce myself to the REI world.

My soon to be wife is very supportive and believes in me which I'm very thankful for. 

I guess at some point soon I will start looking for a mentor. I planned on ingratiating myself with my teachers and hopefully that will open some doors.

Anyway, thank you for taking the time to read this and I hope to find a place here in this community.

-Nick