All Forum Posts by: Carey Edmund

@Phillip Coleman Welcome to BP. It's always nice to have a few more neighbors on the site.

@Jeff Garrett 

Hi and Welcome to BP! Great advise! 

Less talk and more action is what I will do better in 2015. I have very attainable goals this year but the focus is not to let talking about doing things get in my the way of actually doing them. 2014 was great because I acted in REI for the first but there was a decade of talking prior to that.

Congratulations @Jon Huber !! I hope your 2015 goals happen with a little more time to spare:)

@Ryan Billingsley Thank you for pointing me there. That is exactly what I am looking for!

@Elizabeth Colegrove Thank you for the information. Do you put it in a letter that you hand to your applicants or do you post your requirements online and refer them to that

1. Execute my first and second fix and flip

2. Buy and hold one multi-unit property and one SFR

3. Develop my own in-house lead channel for potential deals

4. Be patient 

5. and most important study, study, and more RE study

I am trying to create an applicant/renter guideline for my rental property. I would like something that spells out the expectations for any applicant and tells the applicant a criminal, employment, and credit check are required. Does anyone know where I can find samples of this or what I should make sure I include in it? 

Morning Jon

You should try Burgess Inspection Group and request Bruce Barcuch to do the inspection 972.690.3838. I purchased my personal property and a rental property in the last 60 days and he did an amazing and detailed job on the inspection. Good luck!

As a new RE investor I understand and agree with what Arlon is saying. Every penny should be going back into your business if your desire is to create your personal RE empire BUT all of that is for not if you don't have a plan like Marcia said. Do I take my first months rent and make an extra payment or do I collect and save twelve months of cash flow then take half of it and make an extra debt service payment. Its all in the plan. There are some very intelligent investors on this post so I will ask this question...Early on, I f you don't need the cash flow to live and you do want to build your "empire" as quickly as possible, do you use your cash flow to service the debt you have or to accumulate more properties? My instincts tell me to buy as often as you have the down payment. Thoughts?