All Forum Posts by: Jermell Shavers

@Zach Simpson. House hack buy a multifamily or duplex fha you get a place and then you also get tenants

@Anthane C. Richie Sr. Bargaining ? No reason to bargain with them they should receive yearly increases to cover the cost of living. I do get them to a max then I no longer do increases. But you don’t need something to justify you’re the owner of the property to me that’s the only bargaining tool you need. You’re the owner they’re the tenant if they don’t like it then they can move. But beware if they move you could have an extended vacancy. Hence I mentioned the max

@Zach McLean. Don’t start a problem where a problem doesn’t exist especially with your neighbor not everybody has the same tolerances and handle situations the same way you do. Especially if you have more money than them it is a form of bullying and it never know how they will respond especially if they are already under pressure. Don’t force their hand.

@Scott Eisenmann Sorry about that I can be pretty blunt sometimes just the way I am. If it walks like a duck and quacks like a duck it’s safe to say it’s a duck. But you can do it just be careful

@Bill O'Donnell thank you

@Bill O'Donnell. That’s what i did in my new C class. I’m trying to figure out if it will work in my A class property. I’m sure tenants will renew regardless in the area it has a lot of amenities. But it’s been awhile since I’ve painted and tenants just renewed so want to know what to do when I give them the 30 day after their lease is up in 2020

@Scott Eisenmann. I think you should go back to work real estate takes time and well your first investment so far isn’t that great. Just breaking even isn’t good. I think your time is limited and now your income is limited without a W2 so can you qualify for more than one mortgage ? And do you have the 20% to do so ? Rei is a risk in the beginning I don’t know how much risk you can take at your age.

Do you use all one color for your SFH ? Interior paint and ceiling white ? Or do you paint common areas one color and bathrooms another color ? Just want to see what the masses have to say about this.

@Michinori Kaneko. I pay 7% for my A or B class depends on you. I pay 8% for my C class just because of the distance he told me when I get into multifamily he will do 100 a door leasing fee and 7 percent of gross monthly income but I always negotiate he is used to it and he has many other clients he isn’t worried about me. He calls me baby trump not sure if that’s good or bad I’m not into politics so idk.

@Spenser Harding. You could take that 40k and buy a c class SFH and rent it out to someone else. Make up for her rent and you also have another property producing income. Seems like a win for me. I would also make her sign a contract that you won't be making any accommodations to her living sickness or adding anything special to her unit the way it is is the way it shall remain and in the event of her death that money is mine and nobody else's. I don't want to be mean but people go downhill pretty quick with that disease so I wouldn't count on her being there for that long. If she will sign a contract it would probably be good for you.