All Forum Posts by: Account Closed

@Dave Savage thanks for the info on wholesaling...excited to do the research.

Wow great stuff @Paul Timmins

@Paul Timmins

@Paul Timmins

@Paul Timmins

@Paul Timmins

@Bryan L It's in the works! Thanks!

@Dave Savage , thanks for the research advice. It will help me learn what I may have more of an interest in.

@James Wise, well put.

@John Chapman, Yes beat up is how I feel at times, and I am getting better at managing and training my tenants. The worst part of it all has been all the repairs. I know a lot more about Electrical, plumbing, sheet rocking etc. now though. My main concern is the turnover as you stated. I do want to hold some properties to help with retirement, but I need them to be sound secure properties. Not short term rentals. "Refocus" and regroup is what I will do. Thanks for the advice and encouragement. SFRs? Single family ?

I am in the process of restructuring, (new paperwork remodels and such), and am in desperate need of a new tenant lease for upstate new york. I would like something more iron clad to include specific damages and such. Right now I use a month to Month lease which isn't too bad, but vague at times.

Would appreciate any suggestions! !

Thanks.

I currently own a 3 unit multifamily home and undergoing a complete reorganization; new leases, new tennant application process and paperwork, and rehabbing. I found that all of this was necessary after crunching the numbers and realizing how much energy I was losing, for example, by not training my tenants or hiring the plumber that would have saved me days of anguish. I have finally learned my lesson...The hard way. I still need a lot more help to "get out of the woods" so to speak.

I am not profiting on these rentals. They are single and double bedroom apartments; not suited well for a working single permanent situation. The single bedrooms are smaller without washer/dryer hookups and other amenities that attract long term tenants.

I bought this home from a family member (bad idea in my book), and I was uneducated about home values. To make a long story short... I dont believe there is a whole lot of equity in the home to refinance (already spoke with a bank). Perhaps I should sell the property? And buy a better investment? Or keep it and keep pouring money into it, maybe someday I will have positive cash flow? I would like to flip homes at this point in my life, and accrue enough capital to purchase and hold investment properties to help my retirement. I just want to know if I'm taking the safest and smartest steps.

Can bird dogging be lucrative? I see properties around that would make someone rich, (If i had the cash to fix and flip it would be me getting rich). Do people make a living bird dogging?

I want real estate investing to be a full time job for me. So many questions....so little time.

Hi Michael,

I'm newish to BP and saw your keyword Binghamton. I am from the "rrrrrruuuuurral" town of Greene, about 25 minutes north of Binghamton, (Yes I listened to your podcast). I too am interested in "making money while I sleep" and have one 3 unit multifamily property. I'm still struggling with Increasing my cash flow, finding the right investors and agents though. I don't have the experience you do, but I'm learning! Love to meet up!