23 August 2016 | 1 reply
pp.83The number 1 reason to obtain a real estate licence is to have unlimited access to the MLS.I am heavily favoring getting my real estate lic. for this and other reasons but I am wondering what is the difference between what I see on redfin and what I will see with direct access to the MLS?

22 April 2016 | 5 replies
I see tenant issues can one of the biggest issues/downfall; I will screen heavily!

24 May 2016 | 6 replies
However, my personal plan is to have 2-4 properties in this price range fully paid off in the next 3-5 years, cash-flowing, and serving as a "baseline" of sorts before I start getting heavily invested and leveraged.Opinions...thoughts?

24 February 2016 | 15 replies
I have read heavily on the subject, and I believe I know much more about evaluating a deal before buying it than a few other people did from the podcast stories I've heard.

29 March 2017 | 20 replies
Some states lean heavily in favor of the tenants and some favor landlords.

31 October 2016 | 0 replies
Having my 2yo son definitely helps add fuel to the fire that was nothing more than glowing embers.3 Single Family homes & 1 duplexAll in stable low B to B+ areas and not far from another investment property I haveSounded as if I'd have one nightmare tenant I'd need to part ways withGross monthly rents $3800 - if I updated the units I am confident I could at min bump that figure $500 or more a moTax value of properties ~$350k (I need to get inside the SF properties but $330-400 is probably a realistic market value as is now for the properties retail wise)Owner said they'd sell for $380k and be willing to owner finance for 5 years (w possible balloon payment - I proposed those terms - no cash down)I really need to get into the 3 single family homes and the other occupied unit of the duplex, but drove by them all and they looked in pretty decent shape on the outside -- one of the SF's they just invested $40k in within the past 5 years or so due to a hoarder situation and deferred maintenance so the house has been heavily overhauled - most have newer roofs and were built in the 50's (which around here was a good time period for construction - good lumber, homes are brick etc, duplex built in 1979 - from the unit I was in it's just cosmetically dated which would be no big deal for me to fix once someone moved out to make it more desireable)What I was going to propose is if they would owner finance $380k - accept payments from me of $1055.56 per mo (380000 / 360 mos/30 years) - I'd pay the equity down for 5 years then at the end of year 5 we possibly renegotiate to pay part of it off by myself obtaining bank financing, all of it off, etc.Ideally I'd like to see if I could get them to do this same deal for $350k or a bit less but the numbers work at $380k for me with no cash in.

3 January 2017 | 2 replies
For that project, we relied heavily on family to subsidize our costs and help perform the work at a lower cost.

7 January 2017 | 20 replies
Nashville is not a friendly market for wholesalers right now as it is pretty heavily picked over, but there is always a good deal out there to be found.

9 February 2017 | 11 replies
I have run my 6-units at 30% of GSI as expenses, but a conservative number for analysis is 50%.Actual vacancies (imo which must be vigorously managed) is 1 month per year or 1/(6*12) 1.3% (whereas classical underwriting is 8-12%).LOCATION and your management style WILL heavily impact these metrics.