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15 September 2016 | 0 replies
Will the CU take into account that I am in the process of renovating when they do either an appraisal/valuation?
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26 December 2016 | 19 replies
It is time for me to finally be able to post my first success story.I just finished rehabbing my first investment property, and I’m currently going through the process of placing my first tenant.I believe that my process was a bit unconventional, and may help other first-timers (Either by giving them some ideas on what to do, or if everyone hates my process, what not to do!)
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16 September 2016 | 6 replies
Pull comparables of similarly distressed properties that have recently sold; use a rehab checklist to get a rough idea of repair cost, and emphasize that a cash offer will move closing process much faster.
23 September 2016 | 40 replies
I've also developed a list for spouses and/or inheriting parties of a homeowner who recently passed.I'm currently building a process of partnering with assisted living communities and nursing homes to join on their marketing campaign.
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15 September 2016 | 5 replies
I just had a property turn over and followed this procedure for the showings:I advertise the property and handle all calls, emails, texts on it and set up viewing appointments (I group them all within 30-45 minutes on one day)The current tenants show the property to prospective rentersWhen someone applies, they email or fax in the application and pay the application fee via PayPal (although I am now trying out Cozy for applications) and I process the applicationIf the application passes, I prepare and email over the lease for signatureWhen the lease is signed and sent back to me, I send over a payment request for the first month's rent (via Dwolla or Cozy)At the check-in, I drive to the property to check them in myself and collect the security deposit in secured funds (or use Cozy to collect it beforehand)I have been doing the above for a long time and it has worked pretty well.
15 September 2016 | 4 replies
@Jane Guerreso the credit bureaus will typically not allow individual landlords to report payment data to them without going through an extensive membership process.
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15 September 2016 | 3 replies
But not sure if tenant would resist and force a prolonged eviction process.
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17 September 2016 | 2 replies
Reason being that the seller told the tenant he was going to start the eviction process since the tenant wasn't paying rent.
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18 September 2016 | 14 replies
This question may be more specific to my market of Washington DC but maybe you can still help.I recently attended a REIA where a rehabber presented his latest flip and the entire process.
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20 September 2016 | 2 replies
For an example of what I'm talking about, this guy has some great videos showing him making actual phone calls to real motivated sellers: The tutorials, books and podcast are amazing, and if you guys have already done these kind of videos/blogs let me know... but I think videos/blogs chronicling every detail of real deals as they're in progress from start to finish that you guys are working on would be extremely educational.It would be so awesome to watch a series of videos/podcasts or a series of articles/blogs where Josh or Brandon are detailing every step of the process in a deal that they're currently working on.