All Forum Posts by: Gregory Schwartz

@Roger D Jones if the power goes out and all the food in her fridge spoils. Will you also write a check for $400? The point is you have to have a policy that holds true across all tenants and all situations. 

@Rick Albert maybe @Vhernadette Sasing likes the wheeling and dealing of wholesaling or the feeling of helping a family buy their first home as an agent. The point I'm highlighting is once you learn the skill of marketing for deals you are in a very advantageous position. You can pivot into just about any niche you want. And you'll make money doing it

Investing isn’t just about hitting the 1% or even the elusive 2% rule. Real returns come from understanding that a strong, appreciating market can outpace even the best cash-flowing deals. Appreciation often outperforms cash flow over a longer timeline. Play 'The Infinite Game' :)  

fastpeoplesearch.com has been my go-to free tool for finding people's contact info. 

I did the same thing about five years ago: I drove around town looking for a house hack. We ended up with a great fourplex. The trick was looking for those tired "For Rent" signs. If the sign is tired, so is the self-managing owner. 

Good luck! 

Lets go!! Love seller finance.

How much to fix it up? What is market rent for a house like this in your area?

@Jim Witten I'm an agent in Texas, and while this could potentially be a scam, it's more likely a legitimate cash offer. Several programs, like Homeward, enable agents to offer cash offers to homeowners. If the owner isn't interested in a cash sale, the agent can then provide a Comparative Market Analysis (CMA) and discuss the benefits of listing the property on the MLS.

A key point to remember: You do not need to sign a listing agreement with that agent just to receive a cash offer. Hope this helps clarify things!

Good luck!

 I agree. 15 years ago including internet in rent was a great way to stand out. Today, not so much. 

Get a job! Seriously. I took a job where I had the opportunity to manage a large portion of my mentor's portfolio. For those 3.5 years, he poured into me, teaching me more than I ever deserved, and he paid me! Your boss can make a great mentor. 

Sounds like she should take this up with AT&T. As a landlord be symethetic to the tenants, and use your available resources to assist when they need it, but do not give into demands for situations outside of your control. 

For example, when the power goes out during a storm and a tenant buys a generator, do you pay for the generator and the gas? NOPE. 

@Neal Daftary help us out here. How many properties will you purchase in the next 1-3 years and generally what will they be worth? I'm a big fan of KISS. Let's keep this as simple as possible....

Ex 1: 3 single-family rentals, value $300-400 each. I'd just put them all in one LLC
Ex 2: 20 units, 2 single-family, 2 fourplexes, and a 10-unit apartment. Now we might want a series LLC