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All Forum Posts by: Adam Blachnio

Adam Blachnio has started 13 posts and replied 108 times.

Post: So what's holding you back?

Adam BlachnioPosted
  • Rental Property Investor
  • North East US
  • Posts 114
  • Votes 31
Originally posted by @Dean Letersky:

For me, my biggest hold back was funding. Being from Canada I am really cautious of lenders. I have had several contact me and send me forms and say they will lend me the money, but how do I know these people are legit?

I have the same experience and if they do not prove that money comes from legal source (AML policy) and offer interest rate at 6% and have FB account since few weeks max with very few posts you are more than sure it is a #scam 💥✅

Post: Do you invest in high crime areas?

Adam BlachnioPosted
  • Rental Property Investor
  • North East US
  • Posts 114
  • Votes 31

frankly speaking in that area may feel safe Only poeople who lives there, whoever wants to move in start becoming on bad guys radar.

RE are obviously cheaper there...

Post: So what's holding you back?

Adam BlachnioPosted
  • Rental Property Investor
  • North East US
  • Posts 114
  • Votes 31

It’s rather limitiations in mind not outside ✅

Post: Multi-Family Occupancy How To Get 100%

Adam BlachnioPosted
  • Rental Property Investor
  • North East US
  • Posts 114
  • Votes 31

@Nathan Gesner good point😊

If I would like to keep 100% occupancy but also take care about my income and amend the tenants contract with annual rental increase +3% just to protect cash against inflation, HOW they can react to that❓

Post: Multi-Family Occupancy How To Get 100%

Adam BlachnioPosted
  • Rental Property Investor
  • North East US
  • Posts 114
  • Votes 31

@Nathan Gesner @Amy Heitner regardless of that incentives I still will require deposit as from other tenants❓

Also what may think other tenants if they see this new-one will pay less then they do Monthly❓

Post: Multi-Family Occupancy How To Get 100%

Adam BlachnioPosted
  • Rental Property Investor
  • North East US
  • Posts 114
  • Votes 31

@Amy Heitner what you mean by:

rent concessions❓

Post: Multi-Family Occupancy How To Get 100%

Adam BlachnioPosted
  • Rental Property Investor
  • North East US
  • Posts 114
  • Votes 31

Hi Dream Board of Landlords👋

For the Multi-units property (here 19) if the avg rents are ~$650/mo and 3 units are empty for few months: 

➡️ What kind of incentives may I offer for potential new tenants so they willingly choose my property❓

And I will fill all the remaining units and enjoy 100% value of income😀

Post: Do you low ball, or make sure you secure the deal?

Adam BlachnioPosted
  • Rental Property Investor
  • North East US
  • Posts 114
  • Votes 31

B

Because asking price is always a bit higher than reality unless seller have no knowledge about the market.

B makes me feeling that any other gives higher bid even if the property doesnt worth it but his Only motivation is to get that deal done✋

Take it easy there are plenty of deals✅

Post: Tax Assessed Value in negotiations

Adam BlachnioPosted
  • Rental Property Investor
  • North East US
  • Posts 114
  • Votes 31

@Thomas S. I did that in a first place but it gives me max 7% cap which I am not interested, hence low-ball tactic...

Post: Tax Assessed Value in negotiations

Adam BlachnioPosted
  • Rental Property Investor
  • North East US
  • Posts 114
  • Votes 31

@Brian Pulaski sure but depends on a side you are in this process😀

We dont buy like we sell and we dont sell like we buy ✅😎