All Forum Posts by: Eunice L.

Interesting conversation...

@Dean H., just out of curiosity, where do you have most of your low income properties and do you manage them yourself or do you have a turnkey company/property management company? Are yours Section 8? Would you say they are B, B-, C+?

By the way, I have talked to multiple RE investor friends who have their license and they have expressed to me that it has been worth it for them.

@Gage Westhouse, I say go for it. You seem to have a solid plan and getting a license will not only save you money in the future but it really gives you a better understanding of the market comps and the ins and outs of the business. By the way, I love the Grand Rapids area. I went to school at Calvin College in Grand Rapids! I am now in Los Angeles and am considering getting my license but there is a chance I might move to Chicago next year (hubby's job) and that is the ONLY thing that is stopping me from getting a license in Cali as of now. I don't want to waste my time and money getting a license here if I'm going to be in Chicago in 6 months and have to do it all over again. Best of luck to you!

@Dexter Kubi, I feel your predicament. Before I bought my first property, I saved up for about 16 months for the downpayment working a side hustle. It wasn't easy but totally worth it. I had to go that route because no one else in my family is in to real estate. In fact, they warned me not to risk it. But seeing for some time that my properties have been cash flowing, they are willing to listen and are interested in partnering!:) I hope you can partner up with someone that trusts you in your area. If you have all the numbers crunched out and you show that you have done your homework, someone that already knows and trusts you may want to partner up. Wishing you the best!

@Russell Brazil, thank you for your reply! I don't plan on flying to all my out of state investments so I guess I'll just have to ask for a video clip of the roof in the future.

I wouldn't do a hard money loan for your first property - often times it's too risky for the first timers. By the way is the property that you are looking at rent ready or are you trying to put 20% down and rehab it to get it rent ready?

Hi everyone! I am an out of state investor and I would love your advice on the following question. When you talk to a seller and they tell you that the roof or the HVAC is 3 years old or 5 years old etc..what do you ask for in terms of concrete proof? In the past when I was dealing with a trusted seller/company, I took their word for it and it worked out ok but going forward, I'd like some kind of concrete proof to be safe. Thank you!

Hi everyone! Does anyone know where I can look up property tax information on a specific property? For example, if I wanted to know if a certain property has both city and county taxes, where would I look? Thank you in advance for your help!

@Allen Fletcher and @Caleb Heimsoth - Thank you both for your helpful advice. I love learning about all the options out there. You guys are so kind. Best of luck to both of you!

@Allen Fletcher , also were the terms the same as what I had mentioned? 20% down on a 30 year conventional?