All Forum Posts by: Aaron Wyssmann

That is definitely unfortunate.  Find a reputable company in your area and get them treated soon.  You don't want those suckers loose and alive for long.  You probably want to have that same company do another look at the house just to make sure they've entered it also. 

It'll be alright though, they can be treated and stopped.

Like @Howard Abell said, if they are month-to-month, in most states you simply need to send them a letter that you are not renewing their lease.  Do you have a copy of the lease that the past landlord had with them?  I would read that whole lease to make sure in fact that they are month-to-month, do just trust what someone has told you.

Juliano,

You've got some great wisdom here in this thread, all of which are options. How I got my start is that I went to work for a broker that is an investor himself. 

There is a differing of opinion out here on BP as to whether it is good for an investor to be an agent, for me personally it is the only way to go due to the access to the MLS. I'm able to pull comps and know the minute houses hit the market.

Go enroll today in an online course and get your license, this process will at least take about two months. By the first of the year you can be working as an agent on the weekends or at least going to look at possible investments. 

In terms of what to start doing you really need to find what you like and are good at. For me personally I love projects and repairing things so flipping is what I love but for others they love finding the property and working to wholesale it, not my cup of tea. 

Just get started, go fail and fail often until you figure it out. Just keep at it. 

@Charlie John I think that's a great way to start. I see the value of the yellow letter marketing to scale a business but I completely agree that the results are probably better with yours. At some point you have to measure the value of your time.  

@Juliano Albazi  You've got some great ideas.  If you are single and work your job then you can definitely find the time to become an agent part time.  If I were you I would get your license through one that is offered online.  I personally got mine at www.realestateexpress.com and it was a great experience.  It will teach you all you need to know to prepare you for the RE test in your state but it won't teach you how to become a great agent.  That is going to come by finding a great company/broker to work with. 

There are a couple different ways you can go about this.  If you want to be a listing machine, which if you are good at selling cars you more than likely would be good at selling houses, then find a company that offers lots of training and support.  If you want to be more of an investor then find an investor to work for and take it all in.

I personally would be an agent on the nights and weekends for a couple months to get your "feet wet" and as things are picking up then make the jump.  

Good job on saving up the $.

Go get 'em.

@Account Closed The best thing to do is talk with an attorney or title company in your state.  Find recommendations from local investors.  In my opinion, you'll want to let any potential buyers know of the taxes up front because if they know what they are doing they will find it in their research of the property.  

How they get paid could happen a couple different ways.  

1)  You could get the seller to agree to pay them out of their proceeds

2) If it is a good enough deal, you could ask the buyer to pay for them

3) You pay for them out of your profit.  

In most cases the taxes will be paid at closing as the seller probably doesn't have the cash or they would've been paid.

@Laureen Youngblood What a great offer.  You have down one of the toughest aspects of investing in RE.  The knowing how much the rehab will cost can be one of the most daunting tasks and just like you have experienced, repetition helps solve the problem.  Would love to know any tips/tricks that you might have in evaluating properties.

@Charlie John Love the idea.  So how often are you sending them a letter/postcard, etc?  Is there a particular way that you determining if they have equity?

Awesome buddy…go get 'em!

@Michael Le

@Brad T.

@David Krulac

Thanks guys for these great answers.  I knew there had to be some other reasons but just couldn't come up with what they might be.