All Forum Posts by: Anna Laud

You COC will be cut in half with a minor 10% change... bet on that 10% change lol.

Rentals and all investing like this is best done with a 5 year window and then working backwards, much less would need to happen for this to be a "good deal" in five years so on rentals I go with that and the 10k will be nothing.  This assumes however that you have a good job/income that you are passionate about and you can and are ready to go 3-5 years with no money coming from this.

If that isn't the case then wholesaling or other cash intake strategies are better.  Hope that helps.

I've had a few tenants pay up front like this and in my experience it can be good but you still want to talk with them to find out what's going on.  In one case the woman got a large settlement and she was going to leave her husband she paid 18 months up front and never once stepped inside the property at the end of the term I never heard back from her except when she said "We are going to try and work it out."

Another tenant did this and the couple were "sex workers" where she was the main one working and he was her security.  They were no trouble but at the end of the year they had no money and went to live with his parents.  

I have also dealt with a few squatters but those signs are usually obvious if you know what to look for so I never take the money without still doing the background check.

Interesting take @Ryan Kelly, what do you see as indicators that a property is under-rented?

In the Indy and Midwest a duplex is usually a 2% gross, but I've been able to add to that with basic landscaping, laundry and a few other things.  

And Billy if you are okay with breaking even for 4-5 years than I think SFR is a better play.

Some of you guys have a LOT of time on your hands LOL.

It is only $49/month just try it if you do one deal a year it is worth it.

Anybody at REIReply or anywhere else that goes to this much trouble to spam comments is either sure they'll deliver or the opposite not hard to find out.

The toilet took the mentos challenge?

It could be a LOT worse than soapy water lol.

I think it may be wires crossed and the dish washer or washing machine like Peter said but you can maybe split the cost of the repair with the tenant if you upgrade to nicer appliances.

Turnkey is a bit different and is often BS in my experience but I have a TON of 1-2% deals in Indy, just search around the "Indy State Fairgrounds" and you can see many.  Almost any duplex in Indy is going to be a 2%.  Do you do this full time?  I just helped around with property managers and realtors and now they call me first lol.

What do you need most help with right?

Yes there's no doubt that some of our rights are infringed upon, but honestly after the Snowden revelations "we" (as Americans) basically shrugged away right to privacy, warrantless wire tapping and even killing, etc. 

Then we have the subhumans who get their AR-15s, Nazi flags and Confederate flags to go threaten health workers and local politicians because... America. So do we really deserve any better?

There is a 9/11 of Americans dying every day, suffocating and not allowed to see their loved ones so they are surrounded by strangers as they take their last painful breaths.

Be Grateful! = )

Hi Bilal,

Great to have you join the business, you're going to do great!

Good thinking on not wanting to waste anybody's time.  I work with many newbies and I have the same suggestions:

1.) Volunteer, Volunteer, Volunteer!

Be somebody's bi*** and get their water.  Maybe it is a realtor, investor or anybody advertising in your market.  Call them and ask what they need help with today:

"What can I do for you that will make me your BFF forever and you'll never stop thanking me?"

2.) Market SOMETHING.

It can be a house, a fsbo, a car, a rental house, AirBNB, etc. ANYTHING just start generating leads and talking to those leads.  You will know more about a market in one weekend of marketing than you will in one year of study.  The only thing that matters is the kinds of buyers/renters/sellers that you can get calling you or that you call.  NOTHING else is more important or determines the value more.

3.) Remember enthusiasm makes up for everything.

Smiling and taking everything as a compliment will make you magnetic to ALL high achievers, the people that suck will hate you and you'll repel them.  They'll say you're too happy or whatever, let them say it.  Become impossible to replace at your current job, business, to your clients, the people you volunteer for, etc. 

I'm a full time special needs instructor and this is the same process we use to take our kids and have them build 10-30k/month businesses.  You can do this Bilal.  Hope that helps!  = ) 

Seems like it would only makes with a 5-10 year forecast, I never count on appreciation.  When I do deals like this I first talk with other landlords and owners and even help them market their properties so I can just how fast I can get tenants and buyers and the quality because in the end that is all that ever matters.  How fast YOU can get them I mean.

I don't know the area but you can find 128k houses that rent for more than $1,200 pretty easily, 1% houses I mean.  Usually on a duplex I want to see at least 2%.  Each side at $600 or even $700 is still not enough I don't think to justify the time/money.  Are you doing deals like this regularly?  What do you need the most help with or what is your biggest challenge?  I'm making a note so I can make some helpful videos.  

Hope that helps!  = )

I would try short term stuff like AirBNB that will get cash flow now.  Congrats on being 19 and thinking so smart!  I would never suggest using money or credit.  Just make friends you seem so enthusiastic you'll have money in no time.  My biggest partners and deals now come from people that I volunteered for a year ago when I started.  Hope that helps.  = )