All Forum Posts by: Charles Carillo

@Waylon Zook

During due diligence/inspection period; ability to review all leases. 

@Brian Ware

Find out who the owner (LLC) is in public records and then find out who the actually person is that owns that LLC. Reach out to them and start a dialogue.

@MArin Ruiz

I would reach out to local banks and credit unions in your area and ask them if they lend on your subject property. You will most likley have to put down 25%; not 3.5%.

@David Cunningham

DM Me. We put together a document with audio about recognizing target marktes. It gets into; population, median home prices and more. I will send it to you.

@Lorena Duany

What types of properties are you targeting? We are based in Florida and work with many foreign investors. DM me and I can send you a list of professionals in Florida that works with foreign investors.

@Shatori Walker

It all comes down to the team. I have invested while abroad and the boots on the ground is what matters. Recognize the market you want to invest in and start putting together your team. I personally would research the market and neighborhoods to know where I want to invest and maybe for the first couple properties you physically go to the properties but it depends on the team you have put together. Maybe also think about passive investing.

@Jordan Manning

I would speak to your real estate attorney and have them draft it. You already started work on a property and have not legally purchased it yet and need to in essence bring the seller on as a partner.

@Jessica Pierce

I doubt the tenants ever wanted to move since they just signed a new lease. What does their lease say about renewal and non-renewal time frames? I would make sure you send the notice certified mail to them.

@Fahim Shakie

I have owned properties in New Britain since 2006. What are the units actually renting for currently? I would also find rental comps in that neighborhood and then subtract 5%-10% to know what you can easily, actually rent them for. There are state and federal eviction moratoriums in place. Make sure you fully vet tenants before renting to them. If you are inheriting tenants, fully vet them as well and get copies of all leases.

@Kathy Moser

Putting up a test ad is a great idea. We do this with apartments if there are not solid comps in the area. I would just make sure you have a good reserve since the more unique a property is; the harder it usually is to sell or rent.