All Forum Posts by: Felicia Hamilton

HI Lexi, I have not started one... yet.  But I'm sked to attend the 3-day workshop that's happening in Phoenix in mid-January - it's with an organization called RAL Academy. Currently, my primary focus in RE has been university student housing and I feel like senior assisted living will be similar in concept but with the business of senior care as an overlay. I'm excited about the training and can report back on what I learned!

Quote from @Denise Johnson:

Hello to All. I have been considering it for some time, but reviews continue to be very mixed.  @Felicia Hamilton are you still working with them?  Do you mind sharing how much you received in your 1st round?  Have you used the card(s) for RE purchases or for rehab costs?  I was considering this option to purchase the property or make the down payment.  Could someone on the string share their experience in using the business credit card(s) to purchase or make the down payment?

Thanks for sharing!

Hey there!  I haven’t been super active here in some time… apologies for the late response. I received about 40k my first time around. My intention was to use the program to obtain cash for a down payment.  However I found the process to convert to cash was difficult and not really doable in my view… I never did it. 

Ultimately I use the cards for repairs and things related to the the upkeep and maintenance of my properties. I opted not to do the second round.

Yes, I did.  I’m a satisfied customer.

I’m ready to take the next step, but am unsure how to go about it. I have several rental properties that are doing well. But I want an apt bldg... maybe 30 units? I have good credit, a good W2 income, available cash to contribute to the DP... is there a resource out there that could put me on the right track? I can’t do it alone... would love “best practices” on creating a syndicate (is that even the right word for what I’m looking to do??) I’m open to anywhere in the US. Any “first step” recommendations are appreciated.

I'm looking to sign up as well and was just perusing the forums to gather intel.  Glad to see it worked out for you Robert!

I'm having the hardest time finding a bank/credit union that will do a cash-out refi on a small multi-family building I have in Albany, GA.  I want to use the funds to help with the downpayment on another multi-family in Georgia (not Albany).  I have my financing lined up for the purchase (thought they could also do the refi), but the building in Albany is outside their footprint.  Any leads on anyone doing cash-out refis would be great.  Thanks.

Surprisingly all have paid.

@Jane S. Yes, definitely check them out. However, I’ll share that many years ago I paid my rent upfront for a year. I had just moved to a new city, and didn’t even have a job yet. The money was from the life insurance proceeds from my mother’s sudden passing. I explained it to them and they took a chance on me. In retrospect it’s the craziest story ever and I’m lucky they believed me. The leasing agent shared that she advocated for me (the leasing manager was afraid I was the girlfriend of a drug dealer 🙄). I will be forever grateful to them... and I found a great job 4 mos. later.

Originally posted by @John Teachout:

Did you talk to the neighbors yourself or did the contractor?

Do the neighbors have a clear understanding of exactly what is going to happen?

Is there some little project that you could have the contractor do for the neighbor while they have equipment there? ie, do they want a stump dug out or a little flower bed cleared or?

My guess is that the neighbors aren't trying to be ornery but are afraid of something. Maybe if the contractors put down plywood or plastic so no dirt or tread marks would take place or whatever.

I spoke with her myself.  She had the same work done less than a year ago.  She knows exactly what I’m needing to do and she is clear that the pipe will be on my property.  She’s not interested in little projects, big projects or money... Granted, her dirt will be disturbed.  But I would make sure it was put back in place.  I think she just likes the spectacle of it all.  

Originally posted by @John Teachout:

The city of Atlanta has a tree ordinance but I'm not aware of anyone else in the area that does. At least none of the areas south of Atlanta that we do tree work in do.

If you tell the contractors that they may not encroach on the neighbors property does that mean they can't do the job? What if there was a line fence? If you need to cut down a tree to get it done, just take it down and get it done.

And lastly, do you HAVE to put this sewer line in now? Can it be done after the neighbors die or move?

Folks as ornery as her will outlive us all.  The deadline was April 1. I imagine they will give everyone an extension given what’s going on.