All Forum Posts by: Joseph Mclellan

thanks Ken I didn’t know if that was a thing in rental world. 3 years ago the market was for the landlord. I would rather have some one in that unit then not collecting 

Bill B. I am not looking to sell don’t need to or want to. I am doin my best to understand the market and NOT guess. I did have a vacancy in the unit next door. Unit is smaller. Rent was 1350, tenants had to move due to needing more space and no stairs. But in order for me to get interest on that I dropped rent to 1195. Getting in touch with a PM was how I found that out. I also enjoy managing and maintenance (for now right haha). 

Thanks again fellas 

At the time of the lease rent was high. Now rent and prices are correcting.  Current lease is 1600mo 2 year.  The tenant's economic situation has turned, still making rent but its beans and rice tough for them, and slipping on due dates has happened. So, potential for not paying or falling behind is HIGH. Also, the market for rents is not what was. Potential new tenant would be around 1200-1300. I do have some ideas of what to do, just not sure of the tradition way of going about the situation. So, my question is what some ideas are, in dealing with this situation, or type of. Thank you for the collaboration and all insight.

Sounds good thanks for the info I’m gonna try to make It to one in the very close future 

(Near The Boro of TN) 

to any one at any level i would like to get together (park, bar, library, house, mall) and just talk real-estate: plans, dreams, ideas, people, goals. i am a newbie myself but i find myself wanting more and more. so, i am throwing a line to the ocean to see what it can provide. if you have 100 doors great. if you have 0 doors great. this is a chance an opportunity a beginning a first step however you see it. 2 brains are better than 1 and 4 brains are better than 3.

LET'S GO!!  

 Copy that I will be making some phone calls for sure

Thank you very much

Wow then I am sure I got my self into a bit more then I thought 

I appreciate then info I will be looking to talk to some cpa and attorneys tomorrow 

Thank you very much

Found the deal!! Penciled out!! Found the investor!! Great job

But how do I now receive the funds “legally”

Also how do return these funds with the profits “legally”

Any advice on this topic would be helpful, ran out of ideas asking the google 

Thank you