All Forum Posts by: Noah McPherson

I realized I hadn't thought about it, but it will likely be working professionals, students, or families. It's in great school districts, so I just listed those in the ad in a neutral, factual manner, which I believe won't violate fair housing laws as long as I avoid implying a preference.

Thank you Tim. Knowing that I'm not the only one is very reassuring. I have been experiencing what you're talking about. The leads I'm getting for potential tenants are not the best. I suppose I'll just wait until I find a good applicant and be grateful I won't have a vacancy this time next year.

Hello Everyone,

Currently, I am experiencing my longest vacancy yet. It's the middle of winter in a cold climate, so I understand not many people are moving. However, I don't find the long vacancy particularly enjoyable, and I'm hoping to gain some insight and grow from the experience.

Has anyone else experienced this, and what did you do to avoid it? Also, if a winter vacancy was inevitable, what would you do?

How are you guys using VAs as receptionists? I know it's hard gaining trust with sellers even speaking perfect English, but who knows, maybe people only perceive it as a problem. Let me know if you have any good solutions. Thanks!

@Chris Seveney maybe you can't. I can do anything

I'm 23, and over the past year and a half, I've purchased two duplexes. Now, I'm looking to buy a third property, and I'm actively looking for ways to do BRRRRs with no money down. One potential way I'm considering is using lines of credit to fund down payments and/or rehabs. I currently have no job and pretty good credit. However, I do have reserves that can support three properties and a good chunk of equity in my properties. My question is does anyone have any advice on securing lines of credit? Is there any creative methods anyone has experience with in accessing lines of credit in a situation like mine? TIA

For anyone interested in the process, including you, if you're interested, @Michael Warthen

I believe making offers would involve a letter of intent. That was the term I was looking for. You'd send your LOI. Then, after a verbal agreement, you'd draft the offer and send it. Here's the article that explains the process. It's pretty informative. https://www.biggerpockets.com/blog/offer-on-off-market-property

@Charlie MacPherson right, especially for electrical and stuff that could be really bad.

@Sergey A. Petrov the fact of the matter is a lot of experience investors don't pull permits. If I saw judge Judy blowing red lights you maybe you'd have a point. Thanks for the help though

@Michael Warthen my plan would be three offers on each house. Cash, partial owner finance, and fully owner financed. I didn't want it to be a wordy legal document like an agent sends out. I want it to be concise so the seller can look at it and get the point right away. It's not for a specific owner though.