Rental and Cashflow Property - Management, Strategies and More

If you read my REI journal then you know I gave up trying to be a REI in Westcher NY and now I am looking in Charlotte North Carolinnnaa! Since I can not be down there yet I am following Angie's story and looking for property mangement companies. I need help with the question I should ask .It's 1:30am here ( I must be ready to do this.) and I don't have work till 12pm(to 9pm) so I was hoping to start calling in the mornining. I need advice if I got the right directions for New Yorkie Carolina Sucess or if I should start from scratch.

Here is what I have so far.

What services do you offer for finding properties?
If none, would you be able to give me a list of investor friendly Real Estate Agents?
If yes, what services?
Are you afraid of making low offers?

One of the greatest tips dealing in rentals that I have ever received when dealing with single family residences is to take an application from a renter. On the application it will ask for the current location where they, the possible renter, live.

Once their current address is know you would then have a friend who is unknown to the potential renter drive to the home, usually in the evening.

The friend will knock on the door and ask for some address(it does not really matter the address and may even be made up) in the area.

While directions to the address are given the friend has asked for the friend will look inside the home.

The condition of the home at the time the friend is looking will tell you very quickly how they will treat your property.

Are there any turn-key investors here?

nw

I attended a local Real Estate Investor training. The trainer stated that he ALWAYS uses a Land Trust/Escrow Company to protect EVERY property of his. He also stated that you would need to get a couple of people to put on the Land Trust Document (as if they were shareholders) so it's not like you actually own personal property, although you do. He said this is the safest way to protect your money and your assets.

He spoke highly of Equity Holding Corporation out of CA, www.equityholding.org and has used them for years.

This has some pretty good content. Hope you enjoy it.....

Investment Strategies to Increase Your Real Estate Profits

By using the right investment strategies you can massively increase your real estate profits.

There are many strategies by which you can use to create wealth through real estate. You do not have to use all the strategies that are discussed.The strategy that is most suited to you will depend upon your investment plan.

So I am thinking of refi'ing one of my rentals. I am currently cash flowing a total of 700 between the 2 of them.

Do I refi one and cut my cash flow by 200, so I can buy another one?

2 rentals - cash flow 700

3 rentals - cash flow 600ish

I'd like to hear any pros and cons....

Thanks,
D

I am starting a tenant placement service for homeowners and wanted to know if anyone could offer any advice or ideas. Also is there a website I can go to to find rental comparison in a specific area.

I went and looked at 5 houses today. Two of the houses were foreclosures and in the same neighborhood. This is a new neighborhood as of 2005 and a mile from the high school and elementary school. I wrote down all the flaws of the house's and what needs to be done for it to be market ready. The biggest issue with both of these houses were that they had black mold in the basements. It was really bad and seeing that, I am wondering if these properties would even be worth making an effort to buy since I know black mold is bad for your health and it can cause a lot of problems. I can obviously use this as leverage in my offer price but I want to make sure, before offering anything, if this is a problem that can be completely taken care of without any back end issues later down the line.

I keep reading more and more about "Master Lease Options", and using them to buy apartment buildings using no money, no banks or credit. I have an apartment building under contract and haven't found a buyer yet. Since I locked this apartment building up under contract I have been saying to myself how I could really improve this property and have it 100% occupied if I owned it.

Hi Everyone,

I've found a Property with Tenants already in place for sale thru a Property Management Company. The Numbers look pretty good for my first deal. One little problem. I have Bad Credit and I don't have the Cash for the down payment. How can I BEST approach the Property Company with an offer in a situation like this? My Goal is to fix my Bad Credit over time, but this is the first property I've found where Everything is already set up, I just have to find a way to take ownership, and then would offer the Tenant a 2 Yr. Lease Option to Purchase their First Home.
Here are the Numbers and I would apprieciate any Guidence or Advice on how I could possibly make this deal happen for me.
$ 100,000
• 1 Year Rent & Home Warranty
• Projected 23.6% 5 year IRR