All Forum Posts by: Joe M.
Joe M. has started 46 posts and replied 407 times.
Post: Are there ever any properties that you drive past and just want?

- Erie, PA
- Posts 413
- Votes 348
@Natalie Kolodij
You can tell if they are in good locations and would be desirable to rent by looking at them.
Post: Are there ever any properties that you drive past and just want?

- Erie, PA
- Posts 413
- Votes 348
Are there ever any properties that you drive past and just want?
There are a few small multifamilies in areas that I drive past and think to myself "I would love to own those"
While probably being great cash cows for their owners, any suggestions on any non creepy way of finding out who the owners are, but then approaching them to see if they were open to selling? Any success stories out there as well on situations like this?
Bad idea
Got to be more specific
Originally posted by @Evan Phoenix:
@Sarah Huffman I am looking to buy my first rental property in Erie this fall. I am a senior at Gannon now. Where did you buy your duplex? Are you renting out to students or a normal rental? Is it cashflowing positive?
Thank you
Hey Evan, are you playing hoops this year? lol
If you are looking for the student route, there are usually a few for sale around Gannon, maybe on the outskirts which could be areas you are looking to avoid though
Post: What would you do about a tennant complaining about mice?

- Erie, PA
- Posts 413
- Votes 348
kill the mice?
@Byron Scott Congrats. Its funny, I stumbled onto BP a few years ago and it has been not only foundation in real estate education, but also entry into personal finance and onto other blogs/podcasts, grinding reading all I can, turning my drives into a classroom. Its amazing how wonderful this place is.
Its always awesome to see others succeed. Congrats again
Post: Seller financing for dummies. Newbie-ish help

- Erie, PA
- Posts 413
- Votes 348
Keep reading, listen to podcasts, read books from the library, talk to local ppl you know who are in real estate. Figure out your goals, endgame, your why, work backwards and you will get there
Post: Should I renew a habitually late tenant that pays the late fee?

- Erie, PA
- Posts 413
- Votes 348
Tough crowd for those who say boot her.
Jack up the late fees, give her ideas like automatic payments, google calendar reminders, etc.
If shes not trashing the place, good otherwise, keep her.