All Forum Posts by: Jordan Thibodeau

@Reggie Maggard If you make an offer, make sure you request a copy of the current lease agreements (if there are any). 

Also, if you raise the rent, I would probably do some improvements to the exterior of the duplex to at least show that you are adding value.

Awesome. Welcome to the forums.

Listen to all the podcasts you can.

If you think you'll have enough deal flow to justify getting a license, do it. If not, working with an agent is fine.

Marketing: If you can, include floor plans and video walk throughs of your units.

As far as screening: Call previous land lords, make sure their credit score is no lower than the average for your area.

@Carlos O. 

 Without knowing what the buildings looks like and how much you are buying the house for. For my personal criteria, I don't see enough meat on the bones for this deal. 

Also, what is the average rent per SQFT in your area? The 3/2s could have more sqft.

@Sharon Tseung Welcome to the forums! I'm from San Jose, it's nice to see more Bay Area folks from the forums.

I would try to buy within state so you can at least learn the art of property management and real estate investing.

Happy Hunting!

I look at 100 houses over the span of 6 months and made numerous offers before I found my duplex in west oak park. I was beat out by cash buyers, people who were over paying, and etc, but I kept writing offers and eventually I found something. Stick to your criteria, and don't quit.

Everyone's investment criteria, market time frame, and financial situation is different. there isn't really an "average time" one should wait before you find a deal. Everyone's different.

Stick with it!

@Joshua Dorkin Thank god! My prayers have been answered, I can now ignore @Steve Babiak . :)

Doh! I can only make it up to Sacramento on Saturdays, but I would love to meet up  in the future.

@Brandon Turner @Joshua Dorkin 

Sorry, the equipment was fried due to both of your prepubescent voices. Next time I'll set the equipment to "Berry White."