All Forum Posts by: Brad Miller

I have several properties available in Jackson, Ms. These all will make great cash flowing rentals and are priced to sell. Low down payment and BRRRR method would work great on these. There is currently private financing on these and i can assign the financing to a buyer. Please let me know if you are interested. Below is a picture of an example.

Please let me know if you are interested.

You can also look at JB Lloyd and Associates.  They're out of Dallas. 

@Nathan G. Looks great after the make ready. I went into one almost as bad Monday. Walls and ceilings completely yellow from smoke. It had been vacant for months and I had to leave because my eyes started burning! Didn’t buy It because of that. Well that and the floors were falling in.😂

Try NREIG.COM.  National Real Estate Insurance Group.  I switched to them a few months back.  Affordable, good coverage and an internet based system you can use to add/drop properties. 

and for resale purposes, you'll want to get a lifetime warranty for the repairs.  Buyers in the future will want that. 

It is a conventional (piers)  or slab?  Conventional foundations are an easy fix.  If it's a slab, it depends on the cause of the problems and the underlying soil.  Anything can be fixed however if the underlying problem is the soil then you will continue to have possible problems.  I've done many many foundations.  Some were really big jobs, some were small.  I tend to stay away from them now just because I don't need to deal with them. 

I have a ton of experience with section 8. I own 250 rentals and try to keep my rentals 70% HUD (section 8) and 30% cash. The pros are obviously the rent is deposited on the 3rd. You also have leverage over the tenant because if they don't pay their tenant portion and are evicted, they can lose their voucher. Believe me this is the last thing they want to do so they tend to pay. The negative is that they can run straight to HUD and complain if a repair isn't done or even if they perceive it and HUD has to do a complaint inspection which can be a headache. So the leverage works both ways. Also the rents we receive are higher than you can get renting to a cash paying tenant. The HUD voucher has a value and we always ask for the full amount. Don't always get the full amount but it comes close. You also get points for the amenities in the house such as ceiling fans, appliances, carpet, microwave, etc.... This is how you get higher rents. I'm in Mississippi and section 8 is pretty easy to deal with here.

3 bedroom 1 bath for sale that will make a nice rental. Owner financing available. The BRRRR method will work perfectly on this one. It currently needs about $10,000 in rehab. I can do that for a buyer for a fee desired. Pro forma rents will be in the $725-$775 range. I have several others also.

My management software buildium lets them pay online.  We also have a square reader in the office that we can use in person or over the phone.  I don't take checks.  Also you could just check out an app like Venmo.

I sold a property last December and the buyer was going FHA. Sale fell through and a month later I got another contract on it with another buyer also using FHA. The lender saw there was an existing FHA case number on the property so we were able to use the same appraisal and we closed in 3 weeks. The appraisal database they are building was definitely a help in this case. 12 months is too long to use an old appraisal unfortunately.