All Forum Posts by: Candace Price

Hello, I am wondering how long it is suppose to take to get a tenant out from the house?

I have 2 homes that I bought at foreclosure. I have the deed already in my name.

On one home, I hired an attorney without doing too much research, he seems to know what he was doing and the case was a little complicated, the borrower filed to bankruptcy, the judge denied it, he appealed and still got rejected. Finally the lawyer said we have to schedule an eviction company to do the eviction, which he scheduled it with “eviction services” now they coordinate with a local sheriff, which was done 3 weeks ago, the borrower called saying a sheriff came by the house just to see! Not even to notify them about eviction. And now we’re just waiting on a date when ES and the sheriff can go out and empty the home? It’s been over 90 days...

I wonder how long this process is suppose to take, and usually how much does an attorney charge for this kind of service?

On the second property I am thinking of doing it myself, if someone can guide me in the right direction, or hire an cheaper attorney!

Any feedback would be much appreciated!

Thanks

I’m wondering what are best ways to find off market deals?

Mainly looking for multi family... usually the agent listings are over priced.

It would be great help if fellow members can share on how they’re finding deals..

Thanks

@Jake Stuttgen

Thanks jake! I’ve looked at multi family but it’s hard to find good deals in Georgia. I know in foreclosures I can get 15-25% discount. But it’s mainly sfr...

Or maybe I’m just not looking at them correctly for multi family... would love to find out how your finding deals...

@Michael Ealy

Wow that's nice. How do you find your deals? MLS?

@Michael Ealy

Hmm that’s good to know! Do they lend in other states?

I have some good relationships with local community banks but always good to find new banks.

How many units do you have and manage?

@Jake Stuttgen

Your right, I plan to start with few properties first once my cash is out then I’ll repeat that process. I do have good relationships with local GC, and management companies.

I’m looking to buy properties on foreclosures....

@Michael Ealy

Thanks for response. I don’t mean to raise funds from other people. I meant to put aside some of my savings ($1mm) only for rentals.

I'm planning to start a fund for $1mm only to buy residential properties and then using the BRRR method.

I believe I can buy 6-8 houses with that, rehab and then rent it out, with a decent cash flow after mortgage. And then cash out all of it and repeat and build a very strong portfolio.

I believe i can reach 40-50+ properties in a year.

Would love to hear from others on what they would recommend and how many rentals they are managing?

Thanks!!

Would like to know how others are structuring their rentals?

If you have more than 10+ residential properties, how do you structure it?

Put them all in one llc? Wouldn’t that be a liability though?

Would love to hear from fellow members?

Wanted to ask what other members do to find out rental rates around your properties?

I’ve heard from members on BP, that they use rent o meter and Zillow.

Any other suggestions which might be useful?

Thanks