All Forum Posts by: Jessie Tetreault

I'm in Goldsboro, NC. We should meet up. Also in the Air Force. I work in Phase Support in EMS.@Christopher Hall

Yes the whole point in running the numbers is to see if it would possibly be a deal. If it is then you would do further digging and do more research. Numbers don't lie. Don't cut repair costs or cap ex or something to try and make a deal CF. If that's the cost then that's it. If it's a bad deal from you running the numbers then keep it moving don't get stuck on some bad deal. Take your emotions out of the equation and look at the numbers.

Down payments are definitely a good thing to have for sure. Credit score, Debt to income ratios, job income (2 years worth) are all items that will be required as well. Some things that would be important to have that a bank will require you to have is cash reserves as well. I think its 6 months worth for investment properties, and 2 months for primary residences. I believe it depends on type of loan but I think this is pretty standard. Plus your going to want money for closing costs, money if you need to rehab it or money to spruce it up, money for inspections too. Hope this helps out. @Alan Byrne 

What about buying a coin machine that changes dollars to quarters. Just keep pulling the dollars out and take the quarters from the washers and dryers and dump them back in the change machine. It would replenish itself on site so you don't have to lug a bunch of quarters around. You could probably buy a used one for a pretty reasonable price and not have to pay fees or anything. @Osazee Edebiri

Live in the building for free until you have a good amount of money saved up. Down payments and cash reserves and BRRRR the next one @Chris Nunes

@Kenneth Garrett

I agree with @Bob B. This seems pretty standard. I think that $35.00 a month per pet is perfect. Personally I don't allow pets. I have weighed the pros and cons and it just doesn't seem worth it to me at this moment.  Granted if you had good pets in there like 2 of them. That $70.00 extra a month would be pretty nice. I have a duplex so but if I had a single family rental I would do it. I think it's easier and more standard to no have pets in apartments vs single families.

The greed of people never fails to amaze me. You sent someone out there to check out the situation and try to handle the it in the most reasonable fastest way possible and they try to take seven months worth of rent back like you don't have to make a living. She has zero case. If it was unlivable she would have left with her roommates And just stopped paying rent. She's trying to make a quick buck. There's always going to be some bad apples. @Will Gaston

I set up a bank account at the local bank (BB&T) and just have the tenants drop the money in there.  I log in on the app to see if the rent payment has dropped and just move the money into a different account. Been renting to the same people for 2 years, never had a problem with this system and never had late rent. @David Sanford

Absolutely! This site is awesome! I'm going to go and re- read all those laws lol have a good one and thank you for clearing all that up sir!

@Adam Schneider

You are correct. I definitely screwed that one up. Lol @Adam Schneider good looks. So look at that even better only 7 days! @Lucas Villanueva