All Forum Posts by: Frank Procopio

Were they things you knew about prior that were visible or were the 'not so good' things complete surprises?

Thats a Madoff for sure 

I refer alot of banks to my clients and you have alot of options. I am currently in the process of using visions to refi one of my personal portfolios. Americu also is pretty aggressive right now with a 25 year am but I find they take forever 

Hi CJ send me your email and I can get you some listings. For PM I usually reccomend Tonya Britton or Mike Hemmer 

@Chris Lawrence 25-30 percent. I know some decent agents in Rochester who would do that

When I bought my first home it was a two family. I rented the upstairs to a family I knew then rented my other two bedrooms to friends. What are you finding difficult? It is definately a difficult balance especially w the ones I shared a unit with but at the end of the day you have to be firm and treat it like a business

In our area the majority of the homes on the streets are rental property. The home owners are greatly outnumbered. It does not effect the demand. I typically rent my homes in a few days 

Listing commission is prenegotiated on the listing contract so if you use the listing agent they just make more money. 

Screen the tenant just like you would anyone else and contact your local hud office so you understand the process and the inspection 

Ask your provider about leave on for landlord. That way in the future if the tenant switches it off they turn it on in your name automatically. I rent to alot of sec 8 so for the inspection we have to have all utilities on and working to pass. The tenants won't switch it into their name until it passes inspection.