All Forum Posts by: Joshua D.

Nicholas Lohr what factors? Anyone else have any input?

What you think?

Nicholas Lohr Lines of credit from my properties. No down payments

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Thanks everyone for the input. I really want passive income and equity behind my properties and be able to sell if need to quick and easy. Just feel very nervous the more i grow and expand alot on my shoulders i feel like.

So started my business about 3 years ago now have 15 houses and 17 units all together. Keep finding really good deals everyone is telling me and I should keep going. Easy to say when its not your money or business. So I have 300k line of credit available right now gonna use most of it to finish up rest of my properties and once done will have 500k available to use with around 424k debt and 1.1 million worth. So i keep finding deals with my direct mail and every marketing avenue i use. But I wonder are these properties really worth what the appraisals are coming back for and what my real estate agent is saying they are worth? Seems to good to be true really. Do i keep going and buying and renting or do i hold off and slow down? Please help feel crazy here. Alot on the line i dont know i need help. Any input would be great?

So we got a pretty good system in place so far and i was reading the book landlording on auto pilot and he actually has some kind if keybox he has there for tenant. My question is what is the correct way to go about doing this and should they be background checked first? I have them do the application fee on are website first $35 show them the unit and if they like then we background and credit check and if looks good then move them in. How is the best way to set this up so someone doesnt have to be there to show them the place? I have lock boxes on all my properties but there the same code and just feel the will end up loosing the key or something idk?

Nathan Platter I would say my properties are mostly B class propeties with 1-2 in A and 1 d property which is a duplex and money maker.

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*This link comes directly from our calculators, based on information input by the member who posted.

Whats Everyone think of my 13 properties and my management is in there when really isnt used and everything else. Just playing safe

Thanks Everyone for the Responses im gonna go with making tight and good and clean and not do what i dont have to for now. Thanks BP your the best