All Forum Posts by: Dalton Osmanski

I would continue to use the MLS or hire a PI if you're having a difficult time finding the homeowners. Talking to the neighbors is always a good solution as well.

@Toby Rachel It sounds like you have a good problem to have. Investing your money is the single most important thing you can do because having raw cash is not ideal in certain situations. There are a variety of strategies or investments you could make with $130K that you can scale.

Make sure in your purchase contract to add subject to inspection because foundation costs can kill a deal an cost you an arm and a leg. In addition do your homework on the property's ARV potential no point in putting money in a property if the comps support the improvements.

@Irfan Raza Please keep me informed as well this has always been an interest of mine. Thank you.

I would talk to a professional in your area to get help from and $900 seems steep for a title search. 

I have benefited personally from having my real estate license as an investor and I think it is a very valuable tool you can leverage. It is expensive to obtain but the costs of keeping it current are relatively low. I would suggest getting your license if you plan on helping family and purchasing lots of properties in the future.

I would suggest signing up for a credit card that doesn't have annual fees Capital one, Bank of America, and Chase off cards like this. I would then put the bare necessity on it that you know you can pay off. You should make payments timely and in full so if you buy something for $100 make sure to pay the $100 when it's due. You can build credit this way. 

Congratulations on your success keep working hard and it will pay off!

I wouldn't put the smart home technology in any of my properties unless a tenant specifically asked for it in which I would probably charge them more to install it. I'm a fan of the technology but can't see the benefit in the cost as a landlord. 

My first reaction is to say pay off your credit cards with the 13.5% and 13.49% interest however, if you think you can do a flip project or add value fast to a property that cash flows more than what you're paying in interest I would do that instead. I'm not a professional by any means but you have to consider the costs and rewards with both situations.