All Forum Posts by: Rolanda Eldridge
Rolanda Eldridge has started 47 posts and replied 1267 times.
Post: Homepath home purchase, contract negotiations

- Investor/Realtor
- Hoover, AL
- Posts 1,309
- Votes 459
@Shogo Kyoto...Check your contract and with your agent. Some contracts indicate a Per diem for delayed closing..(usually $50/$100)....GL..
Post: creative financing for a deal with a seller in a unique situation

- Investor/Realtor
- Hoover, AL
- Posts 1,309
- Votes 459
@Bruce Clark..Way to Go! Keep it Moving... For every 10 offers, you will probably get one unless you're over bidding. My best deals come from undesirable properties. After the 1st year of rehabbing SFR, I gained confidence...GL!
Post: Depreciation recapture/ capital loss and 1031

- Investor/Realtor
- Hoover, AL
- Posts 1,309
- Votes 459
A great CPA...Who has extensive RE experience....
Post: Title Insurance or not.

- Investor/Realtor
- Hoover, AL
- Posts 1,309
- Votes 459
@Barbara Goodwin...Yes, get an Owners Title Policy for protection.(Policy not that expensive) During resell your assured no title issues and you can save some dollars by using same title company......
Post: Facebook Marketing Cost & Results

- Investor/Realtor
- Hoover, AL
- Posts 1,309
- Votes 459
@Tyion Bridgeman..I use FB occasional to market New Listings or Open House...It' not that effective, but it's a low cost market strategy to engage my contacts/other in the area..
Post: $38,000 In 48 Hours!

- Investor/Realtor
- Hoover, AL
- Posts 1,309
- Votes 459
Congrats @David Oldenburg...Good Deal!!!
Post: What should I keep in mind while Seller financing my property?

- Investor/Realtor
- Hoover, AL
- Posts 1,309
- Votes 459
@Tejas Kotecha...Get a good attorney to draw up paperwork...
Post: Reaching Your Freedom Number!

- Investor/Realtor
- Hoover, AL
- Posts 1,309
- Votes 459
@Account Closed...2017 Rocks!!! I plan to acquire a Multi unit with at least 50 doors. SFR is my bread and butter, so I'm stepping outside my comfort zone. I specialize in Rehab. so I'm interested in getting a great wholesale deal and completing the rehab. I'm looking for good funding sources to take it to the next level....
Post: Section 8 tenants in Dallas Texas

- Investor/Realtor
- Hoover, AL
- Posts 1,309
- Votes 459
@Bing Lin...In my market, it works out fine. I provide Affordable Homes, so I'm open to programs to support that. Section 8 might take about 30-45 days to get processed , but after that it runs smooth. They will complete an inspection of the property and ask you to repair items of safety..There's a pamphlet for what's expected during inspection. I qualify Sect 8 like others with exception of the income. Most tenants pay a small portion of the rent. After, initial there are yearly inspections. GL..
Post: Selling A property with Special Warranty Deed

- Investor/Realtor
- Hoover, AL
- Posts 1,309
- Votes 459
@Helen Zhang..Varies by state. ..***Owners Title Insurance needed for sure***