All Forum Posts by: Chad Duval

Hi Chad. I don't think there are any third party submetering companies based in NH. Guardian Water & Power is based in Ohio and provides RUBS for smaller properties.

Thanks, Chris! I'll look them up and see if they'll work for me. Glad they deal with smaller properties!

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Originally posted by @Simon W.:

Each ENTITY should have a separate checking account. Not each property.

Nice and simple.

I think this is the best way to do it. KISS - Keep It Simple Stupid :)

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Hey New Hampshire investors - Anyone successfully implement RUBS in New Hampshire? I'd like to use a third party (not my PM software) to manage calculating and billing, like a company similar to NWP, but local and does properties with less than 100 units... I have a 9 unit I'd like to use this for. Any help would be great!

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If it was me, I'd look for a property that has more than 4 units. The bank is more concerned about the finances of the investment and less on yourself. If that doesn't work, look at someone who is advertising seller financing for a 5+ unit building. The same thing applies, but the seller is usually less strict than the bank. They may be willing to hold a second mortgage (at a higher rate) to make up for your lack of funds for the down payment, but you need to find a way to build credibility; i.e. business plan, employment history/resume, website...

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How'd your meeting go, @DJ Cummins?

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Originally posted by @Joshua Harger:

I have just started out being a real estate agent so I have have the greatest or most consistent income. I'm trying to get money to invest in a flip. Does anybody have an ideas or suggestions of where to get a loan with zero or little money down for a flip? I'm located in Missouri if that helps at all.

Have you read @Brandon Turner's The Book on Investing In Real Estate with No and Low Money Down?? Cough* Cough* Plug* Plug*

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Originally posted by @James K.:

Hi all,

I have been looking for a standard way to structure a real estate investment for buy and hold deals but have not really found any. Basically, if i raised money from outside investors for a buy and hold multifamily investment, I would like to know the standard way to structure this type of thing with details about how each person would get paid including the sponsor (me).

Saving up for my second multifamily is going frustratingly slowly, so i have begun to try to educate myself more on this matter! Thanks in advance guys

Know your audience. Poll your potential investors to see what they're comfortable with. Also, I'd suggest contacting your attorney. They can help you with the rules and regulations for raising money in your state.

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Definitely turning over units...

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Originally posted by @Stacy Davis:

My current lease for tenants is pretty basic. Covers the obvious things. I've lurked in these forums for quite some time and I've come across things where I think "Oh, we need that in the lease...and that...and damn we don't have that either". Now I can't find those particular things. Example: One thing that we don't have in the lease is anything about drugs. I've had tenants overdose in the building twice now. I'd really like some advice and recourse on this as drug use is a big problem in Manchester NH.

Any help would be greatly appreciated. Thank you.

Hi Stacy - You should check out the File Place in the Tools Menu. They have a few lease agreement samples: https://www.biggerpockets.com/files/category/contracts

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Originally posted by @Sachin Acharya:

I want to be able to professionally share my contact information with other investors during real estate meet-ups and networking in general. I have already registered my domain name sachinacharya.com

Now before I can create that business card I can hand out, I'm facing this big question - what should be my email address. I have already created "contactme" but in less than 24 hours I have already started hating it. sachin @ sachinacharya.com sounds redundant.

So please suggest a good email address that goes well with @ sachinacharya.com

Next, any suggestions on a simple and elegant business card format? I don't have much information to put except for my name, email and number. The objective is to promote my name as a brand itself. I don't have a company registered yet and hence no logo either.

Looking forward to your inputs.

Thanks

Depends on how detailed you want to be. If you're looking for a broadly applicable email address, I'd just use "info@". If you're looking to track leads, set up a separate email address for each platform. For example, all the people you network with and give a business card to could email you at "meetup@" or "network@" so that you know where the person received your info.

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All Forum Posts by: Chad Duval

Chad Duval has started 9 posts and replied 94 times.

Post: RUBS - New Hampshire

Post: Rental Investors: How many Checking Accounts do you have?

Post: RUBS - New Hampshire

Post: Good Credit and Down Payment but Low Income: What would you do?

Post: Meeting about a 24-plex, 100% owner financed. thoughts?

Post: Trying to find no money down or little money down loans

Post: Structuring Real Estate Multifamily Deals for Outside Investors

Post: What is more consuming part of Landlording?

Post: Lease seems lacking. Point me in the right direction please?

Post: Email address and business card