All Forum Posts by: Chris Davidson

@Kedian West check out David Greene's book sold. It is great if you are thinking of becoming g an agent. Bit if your main reaso. Is just to feel out the market you don't need to be a realtor to do that.

Hope that helps!

@Dioney Navarro definitely need to be on the same page otherwise it will make everything harder. Like others have said a house hack or a live in type flip to a rental are great strategies that meet the you not renting next year. Talk to wife get on the same page then talk to an agent and lender and see what you can actually do in your market.

Hope that helps!

@Kadejah Johnson is the bottom. Unit below the top, and stains where plumbing is?

Either way just have an inspector or contractor look see if seller will come down in price or fix it and move on with the deal. If they won't and the issues ruins your numbers then move on and hope you can get your earnest money back. Seems real late to be discovering this if your are a week from close. You might have already missed your inspection period.

@Michelle Paulsen Me personally I would always do the amount up to 100% match, and then after that, I would only add until you reach a number you think will be enough to grow at a reasonable rate for when you retire. Some base this on doubling every 7 years. Once I had the number in my 401k I wanted I just did the match and everything else went towards investing and building a bridge account (one to bridge expenses from retirement until you can get 401k type accounts). 

Hope that helps. Everyone has a different situation, and situations change so as long as you are doing something about it you are on the right path!

@Matt Slease I would checkBP episode 448 and the end of it has a really good idea on how to get the tenant to raise the rents. However, if you want new tenants I would just get them to move out, fix the place up, and bring the rents to market rate

Mine is a bit different than most I have read in the thread so far. Mine was back in 13' or 14'. I was looking for a unicorn of a deal and had really tight criteria. It was a buyers market and I took that to an extreme. If I could go back and not passed up on half those deals I thought wouldn't get the numbers I needed I would be in a better place and have more doors. Like I have seen on here the best time to buy was 30 years ago the second-best time is today. 

So my advice is don't bank on appreciation but also don't just look at year 1 on deals.

@Isacc Lightbourn geographic information system. You can usually find owners zoning flood maps parcel numbers all that for free. If your state allows it you will see how much it sold for and when.

@Isacc Lightbourn take the city you are in, then search for property taxes. Some cities allow you to search by name. But you can search by address also. Does your city have a GIS system they use where you can find the parcel number and look up history of owners?

@Cody Cabral I would go with Stick build. Manufactured decrease in value.

I would leave the one rented now. Start building a stick build on one lot. If you can't get the other built put a trailer on it for time being. then as money become available remove trailer put stick built in place.

Cons I see could be less desirable to rent a home beside a trailer really just depends on area and what is expected.

Pros I see trailers are quicker to getting a renter in and making money

Hope that helps!

@Isacc Lightbourn Check the tax records depending on cities it will show you where the mailing address is for the taxes. If it is a business search the on the states website and look up the Registered Agent.

Hope that helps.