All Forum Posts by: Bonnie Laslo

And if they want out, why not list them for sale & dump them to break even?

Ok, so what are the REAL #'s and we can give you options to present to them.

How many units?

What are the rents?

How much do they owe or want to sell for?

@Justin Jocewicz @Gillian C. - Couple of things to consider with condos. #1 is the HOA monthly fee, make sure the property still cash flows monthly, #2 - special assessments, make sure the condo association has a very rich and hardy reserve. Otherwise you would be starting at a $500 - $10,000 random special assessments for roofs, roads, siding, sand blasting railings, etc. How do I know this? Yes-O-Yes, I got that $8,000 T-shirt when the president of the HOA wanted to sell his own condo and replace everything to new in order to do it. lol

Hello Gillian,

Just remember to invest where it makes monetary sense, and live where ever you want to live.

Not sure if your a renter, but if your not a renter ......... then that's probably why you don't want to live there.

Make sure whatever you buy meets my benchmarks which is a $200/month cash-flow margin per door & also that it's a 10% CAP or more. If it doesn't meet these minimums then walk. Onto the next project. Are you going to manage it yourself or would you use a management company?

I'd recommend @Curtis Waters he can assist you 

Divorce attorneys :)

We have had 3 different appraisals on the same property in a 30 day period of time and the values were all over the place. You can help the appraiser by providing them some comps you have, and I have had success and also been stonewalled ............ wish I had a more solid answer ........ but value is an opinion and what people will pay determines how prices increase. When I have gotten appraisals bumped up, I've had info to give the appraiser or we have gotten a new one where the appraiser is from the area. Sometimes appraisers coming in from other cities can be a problem.

If you know their name, you can look them up on Facebook, LinkedIn, etc. The neighbors are good too, let the neighbors know you have some $$$ for the past owners :) Which is true if they accept your offer to buy right! lol Sometimes you have to get creative. Also look up their name in property appraiser/tax record they might own other property too. So you might get a different address there.

You can also search they name on Secretary of state under corporations/LLC etc as an agent or member. I've found contact info there too. Still ..... send a letter to the address you have, it might be getting forwarded to another address. Good luck!

Hello Braden, what is your level of interest? What kind of properties are currently in your portfolio and I'll send you over a few to review.

Hi Justin, you've found the treasure at the end of the rainbow look no further. I came here from Florida & haven't left yet since it's really good here. 

We've got investments in multiple states, but Charlotte has been consistently providing amazing returns. It is worth investing in for at least the next 3-5 years for sure :) 

My team is a part of an investment group called the Real Estate Hobby Millionaires and brokerage firm Real Estate Realty. I base success on performance and results, so you will find many performers and credible investors/agents here consistantly creating 10% to 80%+ returns. Just ask for Closing/HUD statements so you don't get taken in by talkers ........ they are starting to pop up around here.