Rental and Cashflow Property - Management, Strategies and More

We are a nation of go-getters and risk-takers, founded by people who went off on their own and built a future for themselves. But in every story, there is always an example of someone who helped someone else out... my great great grandfather was a Riese who came over from Germany, but when he finally got here, he sent money and paid for other family members to come over to Iowa to have a better future here.

I'm looking at a 17 unit apartment and would like to know who I can hire to verify the numbers are what the seller say they are, as well as obtaining a letter of estopple from each tenant? Or can someone do this and not get compensated until after the deal goes through?

Thanks!

Hello fellow DGers. I have questions about how to get numbers on a LO property...

1. Let's start with the option consideration... Two-part question: How does one come up with this number? and With option considerations being thousands of dollars, how do you get the tenant/buyer comfortable with paying such a large lump sum of money, especially if they're a first-timer and they're used to paying the sum of 1-3 months rent as the deposit?
2. With a sandwich lease, would it still be necessary to have a property manager?
3. How do you come up with the time that the option is available (I understand if this is based on the tenant/buyer's credit situation)?

I just got done searching thru all of the classified ads for "turnkey properties" and pm some of you that fit my buyers desired locations. I also found some of the DG members personal websites offering "turnkey properties". So my question to the rest of you DG members out there that have or know other members that are offering "turnkey properties" in certain areas of the Pa,KY,OH, NC, VA, DC, MD please let me know and lets all make some money in the process. Thanks.

"Coming together is a beginning. Keeping together is progress. Working together is success." -henry ford

An option is a “legal right or contract whereby a property owner sells a right to purchase his or her property to a prospective buyer at a predetermined price.”
Okay, enough of the legal-ese. Essentially, an option is the right to purchase something, without the obligation to do so. People have been using this concept for decades, and it has been called many different names, such as layaway or rain check. People will put a small amount of money down to have the item or items held for them.
With the ever-changing face of real estate, it was only natural for this concept to find its way into the market to help with frustrated buyers and sellers.
To help illustrate how an option works, and more importantly, how it can make money, let’s use a rain check for an example.

I have a question from one landlord to another...

Would you accept a cash payment for several months of rent in advance? Does this put up any red flags? Can the tenant have any legal advantages over me in the future, for me accepting cash rent in advance?

Thanks

Hello Fellow Investors-

I have 2 investment properties that need to be assigned asap in northwest illinois.

I did some heavy negotiating on these deals to make sure the investor gets some good cash flow and profits right away out of this.

Negotiated seller to pay closing costs and they have an agent, so they are also paying that. Also negotiated to receive rent from each unit for that month of closing and any security deposits attached. Plus, got great prices on these 2.

I'm looking to assign each for only 5k which would be 10k for both.

One is a multiplex with a rental income on 4 units of 1695 a month. The next property is a duplex right next door and the 2 units bring in 1040.

I don't remember how I started receiving emails from Dean and quite frankly, I have not been paying attention to him. But, when I received the email about the first video, it picked my interest and I watched it. Video #2 did not come too soon. I watched it with interest together with Andrea's video, which motivated me to write this journal.

Have you ever noticed that two identical properties across the street from each other, the same size and the same condition will be marketed and the one with the tenant in place and positive cash flow will sell to a cash flow buyer in less time as a FSBO than a MLS listed property would sell vacant.

As a real estate coach for Dean I have the opportunity to talk to alot of students from all across the country and Canada and have run into a few that are taking advantage of this by getting vacant properties under contract and then marketing them to cash flow buyers once they have a lease in place. This is done by running ghost ads on craigslist for places to rent and then getting a commitment from them.

this area has plenty homes but know one can get the needed approval from banks or get loans what type of strategies could be used to help folks get out of their home to allow folk with low credit scores to move in please assist thanks chiukeori