All Forum Posts by: Jared Viernes

Joe Soto There are a few ways you can look into it without paying someone else. 1) check HUD for the Fair Market Rent of the county which provides section 8 pay (https://www.huduser.gov/portal/datasets/fmr/fmr_il_history/select_Geography.odn) 2) Ask local investors that buy and hold in the area. 3) call property management in the area and ask. 4) call around the area as a prospective renter and ask cost.

Corina Eufinger awesome, thanks! After talking with him, I think I have found a project I can do for him. Once I have completed the project and shown my value I think I will be able to leverage pay and opportunities. Great advice!

I will be sitting down with a local broker owner in my area tomorrow morning to have coffee with him. My goal is to obtain a position as a part time agent assistant; I want to work with agents so I can get a great understanding of the local market and use that to better leverage my own investing and provide some value to other investors in the area I might want to work with. I have decided to offer my services for no charge (except perhaps expenses if there is a lot of driving or buying stuff involved) for a probationary period as suggested by Napoleon Hill in "Think and Grow Rich". My question is how long should this probationary period be? If anyone else has any advice on the interview or anything else related I would appreciate it. I already plan on sending a thank you note. Thanks!

Dylan Eck awesome, thanks!

Michael Noto awesome man, thanks for the tip!

Qiauna Chapman you are going to get a lot better information for free here than you will with the guru. If you are looking for low money down and working with bad credit and plan on living in the home look into an FHA loan and buy a multi family that you can live in. Look at the forums into the FHA loan and in particular house hacking. Don't pay the thousands for something that you could use as a down payment for an actual investment.

Luis Silva apparently according to the department of housing and urban development (HUD) the rent is well under the fair market rate for Kansas City. See the information for Kansas City 2017 here https://www.huduser.gov/portal/datasets/fmr/fmrs/FY2017_code/2017summary.odn From what I understand this is the median Fair Market Rent (FMR) for low income housing in Kansas City as a whole.

Anthony Angotti awesome tip man! Apparently the department of housing and urban development (HUD) puts it out for low income housing every year. Great stuff to see if your rents are low!

Luis Silva have you thought about passing the utilities on to the tenants? I remember listening to a BP episode (I think episode 60 with Serge Shukhat?) where they talked about sub metering companies that install sub meters to measure what tenants are using then bill the tenants for the utilities directly. Is that something you have looked into? That's one way to immediately increase your return if it fits in your market. Also, have you thought about capital expenditures? Depending on how old your property is that could become expensive quickly if you didn't get everything replaced.

Ben Leybovich makes sense. Thank you for taking the time to answer me personally. I love that about the BP community.