Pay extra for a general contractor.

with email marketing for example, a good open rate is 20%. with text, the average open rate is 90% or higher. everyone reads every text they get. that extra 10% is due to some phone carriers having a “spam text” folder. i personally have never seen this, but i do see many of my texts not being delivered due to the phone carriers’ spam folders. anywho, people rarely answer the phone, and almost always listen to voicemails. so i feel texts & voicemail drops would probably have about the same efficacy. texts might beat VM drops because they could be perceived to be more authentic (depending on how they’re written), meaning more responses. you’d also have to consider your demographic. will you know that the #s on the list are cell phones vs landlines?

Much like I have the same basic certifications or education my HVAC, plumber, electrician, mechanic, pool guy and home inspector have.90 hours and a couple thousand could open more opportunities than buying the Real Estate for dummies book on Amazon, why get all the information without putting the extra effort in and being licensed as well?

If I offer someone Fannie AND "alternative" with horrible rates/fees, the number of people who think I'm trying to scam them (and, thus, take their business elsewhere entirely) is actually higher than the extra business I pick up by offering that alternative.

Have a little extra cash besides the 20% down payment on an investment property because closing costs can often be higher then expected, especially if you are willing to pay for a lower interest rate on your mortgage.

Hence, the requirement to use commercial financing.Many investors here on BP have chimed in saying they own residential rentals personally and use insurance including an umbrella insurance policy and keep their properties in good repair.Otherwise, the LLC is only there to provide an extra layer of liability protection. 

Nice job.Sounds like, once you refinanced these properties you got your $20,000 back, maybe even the refinancing put some extra money in your pocket?

Hello Dana Happy New Year to you too.So how we have a few rentals as well and we when we wanted to pay them off, we took all of the extra cash we could spare and put it towards the property with the lowest mortgage.

She was all about the "extra" rental income from the park owned homes and I wasn't.

That ended in having to extend the purchase contract to double the original timeframe, costing me an extra $5-10k, and required an extra $30k down to close.