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12 October 2016 | 9 replies
I currently own a few rentals in different states, but since getting my real estate license i have started looking at family and friends for prospecting new deals as a new agent.I have a family member who has been renting houses for as long as i can remember between her and her boyfriend, but they both have some bad credit due to falling behind a few years back after both losing their jobs and juggling life for a while tell they found new jobs.I am a bit unsure about this idea still due to the fact that i have been running numbers on multi-family homes to purchase in the near future and turn into rentals, but i want to help them if it's a viable idea...I wanted to get your opinion on maybe purchasing a house based on their needs and running a lease option on the house for them to purchase down the road when they have the credit again....Right now they are renting a 3/1/1 for $1200/month and there is a lot of 3bed houses around them that are in the 100k and below that would meet the needs of them, im just worried about buying the house for them tieing up my own money and not have enough financing available to continue purchasing investment properties as my rental income from all my current rentals is my only income coming in right now as i start the career of an agent.
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6 October 2016 | 4 replies
So stop assuming we are all rookies and don't know what we are doing and you can do our job better etc...
6 October 2019 | 37 replies
We go to the houses together and I unlock the door and give them a tour.Cleaning: my wife quit her day job to clean houses whenever they are empty.Laundry: I do all the sheets, blankets, towels, and anything else in the washer/dryer of the house that was vacated.
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10 October 2016 | 9 replies
I've learned that the "average" realtor is a part time vanity job.
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6 October 2016 | 21 replies
I'm very new to the site and jumping into the landlord business with a buy and hold rental my wife and I are scheduled to close on this month.
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10 October 2016 | 19 replies
It looks like they usually meet on Tuesdays and I have a schedule conflict.
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2 February 2017 | 9 replies
yes yes i know void clause. but they have been doing a good job. i still end up going to give it a good clean every so often lawn care was contracted out. the way i see it you ccan pay a student living there and hope he keeps up to it. or find some kid on the block and hopefully spark a little bit of entrepreneur skills.
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5 October 2016 | 6 replies
7 duplexes and the investor wants outC- area, most tenants are section 8(4) 3/2/1 and (3) 2/1/1Seller can finance, his terms: 10% down, 30 year @ 6%, 3 year balloonPurchase price: 600,000Appraised 10 years ago at 107,000Has a property manager that helps "collect and deposits rent, handles leases for new tenants, schedules inspection for section 8, and finds some renters"The owner has not raised rents in 2 years also..These are rough numbers for the duplexes right now, I believe there is a lot of potential for force appreciation: raising rents, separate water meters, finishing garages (since section 8)
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5 October 2016 | 0 replies
Looking for a GC that can do jobs on multi families in Hudson county.