All Forum Posts by: Ward Dey

@Ethan Bowen  - Good idea on turning up an agent. 

Short term financing. Either Private money or using a short term line of credit on the purchase side. Planning to sell retail with the buyer securing their own long term financing.

@William Hochstedler - Are you approaching this from the angle of having the property management company find a buyer among their investor clients and get paid a commission (and possibly an ongoing management contract)?  

My current thinking is to flip it retail which wouldn't have any payout to a property management company, but I'm open to other ideas. I look forward to your response.

I've got an opportunity to pick up a SF property to fix and flip in Vernal, but am a couple hours away. I'm looking for an agent that has the expertise to evaluate the property and determine what repairs and clean up are required, the estimated costs for that and then be willing to oversee the work and then to list/sell the property for me. 

Good input from both Nancy and Alex. Could be trouble waiting to happen and could be perfect tenants. I've also had prospective tenants that seemed perfect in the interview, but as soon as I did the background check and called their current/previous landlords they were not the kind of tenants I wanted in my home.

I always do a background check on every occupant 18+. I get a nominal application fee (usually $25 per person 18+) and do the check. I've used National Tenant Network and been very pleased. It only takes 10-15 minutes and is a great investment of your time. This website also has a link to the TransUnion SmartMove tenant screening.

https://biggerpockets.mysmartmove.com/

You can verify income by requiring either recent pay stubs (1-2 months) or their previous years tax return.

I would consider giving them a discount for a 2 year lease. I'd probably come in at $25/mo. less than my asking price.