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All Forum Posts by: Charles Weisinger

Charles Weisinger has started 8 posts and replied 36 times.

Post: Using a realtor to find you tenants

Charles WeisingerPosted
  • Posts 38
  • Votes 0

Have you ever signed an agreement with a realtor to find you a tenant?
I did and now I am getting more interest with craigslist and rent.com than weichert.com.
Are their pros and cons of signing with a realtor to find you tenants?

Thanks for your help.

other rooms .
when you are 19 room mates don't bother you so much.
buy a house.
study
get a good job,
don't stop investing.

never used a note
what is the best internet site to learn more about notes?

I am still trying to find a tenant with my first property.
I don't want to move to property 2 until that is done.
So trying to learn now while waiting.

Post: Your Vacant Rentals - How long to wait

Charles WeisingerPosted
  • Posts 38
  • Votes 0

I signed with Weichert they get a month's rent to find me a tenant.
I am surprised how little they are working to find me a tenant.
I signed for the section 8 housing , I assumed that I would getting more offers.
I check comparable rents.
I have a better place and better location then others getting similar rents.
Thank you for your help

Post: Your Vacant Rentals - How long to wait

Charles WeisingerPosted
  • Posts 38
  • Votes 0

Well I got no real bites so far.
When do you start to worry that your rental is vacant.
I can buy the townhouse outright , I am not worried about the mortgage at all. I have more than enough funds for it to be vacant forever but......
But when do you lower the rent price?
When do you start to second guess yourself?
I have an agreement with weichert to find me a tenant and they get one month. But I don't see them killing themselves trying to find me a tenant.
I appreciate your help.
If you want to take a look
http://washingtondc.craigslist.org/nva/apa/247313340.html
I don't want to move on to another investment till I have a tenant in this one.

Originally posted by "juzamjedi":
Rental Rule of 100: Rent X 100 = max value

For houses that you plan to flip you just need to find an appreciating market

For houses that you intend to rehab you should look for low days on market

It would be very hard to find one property in my area where this could be true.
any 2 bed 1 bath condo is minimum 200k in my area, and we are not getting 2k a month in rent, i trust you.
i know i have looked.

doesn't cashback at closing meaning you are just spending your own borrowed money.
i see alot of people screaming i got cash back at closing.
aren't they spending their own borrowed money?
like taking a loan for 110k for a house paid for 100k, they got 10k back at closing.
its not like the money was free and clear, you have to pay that money back.
i currently have 2 properties with a mortgage on each, every spare dollar i can find goes to paying down those mortgages.

go to any realtor and they have access to a list of what sold, what is on the market and the key stat I can not get on my own, how long each property and each rental is on the market.
that is why I am an investor but I use a realtor.
what city and state is the property?

Do you get a copy of the actual social security card?
Or do you run credit on their social security number?
Thanks for the help

Post: Tax Assesed Value

Charles WeisingerPosted
  • Posts 38
  • Votes 0

should I be happy if I buy a property for 187k and the tax assessed value is 230k?
Or just don't worry about the tax assessed value?