All Forum Posts by: Jennifer Rysdam

Look around to smaller banks and see who can help you. We have a TON of student loans and still have a home mortgage, apartment building mortgage, and flip mortgage. I got the flip for no money down too.

File the eviction. She doesn't sound like anyone you want living there anymore anyways.

I know here in MN we can look up court records on people. I usually do that when I get an application. It gives me the heads up on any issues right off the bat. It's certainly not a replacement for a background check, but it gets me started and lets me know how much time and effort I want to put into someone's application.

Here's the similar website for DE: https://courts.delaware.gov/docket.aspx

Tenants pay it, but don't do it until you have reviewed their application and verified references, etc.. At this point, if everything they have said on their application is true then they should pass, as long as you are clear about your expectations. I use SmartMove, which works similar to Cozy.

That would be a great question for your insurance agent. I'm sure they can tell you what to do.

I think it depends on you, your cash flow, and your time. I have an 8-plex and I also flip houses. If I put all my money into a buy and hold, then I'm broke. I get a few hundred in cash flow each month and that's it. I sit and wait for appreciation. My 8-plex and current flip were both bought with zero down, so they aren't holding up my cash. With flips I buy low, make them beautiful, and make cash when I sell. Then I use that cash to buy more of them. My plan is that once I sell a few flips I will have enough to sell my 8-plex, (which has appreciated about $125,000 through renovation since I bought it in 2017) and put down on a larger apartment building. That's where the cash flow is for me. All under the same roof, with the hopes of eventually having enough to hire a property manager so that I can focus on investing and flipping only.
It's different for everyone though. You have to do what makes the most sense for you. Good luck!

Clean, fresh, curb appeal(flowers), things that look modern that aren't necessarily expensive, like a nice faucet in the kitchen. Having family and friends walk in the door and say, "Wow! This is nice!"

Looks great! I'm in the middle of a flip myself. We have the same story as you. We have rehabbed a few of our own homes and now have a full-on flip. It's so much nicer to not have to clean up and put everything away every day, lol! When I'm done for the day I can just walk away and start back where I left off when I come back. I was telling hubby that next time I might just buy 2 flips and sub more out. I would make less in the end on each, but because I can do more volume, I would end up with the same profit combined. We'll see. Good luck! :)

Her renter's insurance should help her out if her stuff was ruined or she needs to move because of the mess. Hopefully the landlord will take care of it.

I would do engineered hardwood that matches the hardwood you already have. We are doing a flip and have the opposite problem. Our upstairs has the nice hardwood and the main floor hardwood is a mess. I guess a lot of it depends on your budget and market.