All Forum Posts by: Josh Edelman

Every single one on their own MUST qualify. Protect yourself, don't let them sway you or try to convince you. Should they break up or have fits and want to leave, rent still MUST be paid. Hold your ground. Trust me, it's not worth it when people don't pay you. There are always better tenants out there. Good luck! 

 Of course...only use that neighbor line if you actually talked to the neighbor. I would never ever advise to lie. Using a script is only as good as the delivery and the circumstances surrounding the situation ("anyone tell you I would be coming by, have you seen me around today, did you know if I was coming, etc). There are many ways to open a conversation. I believe Ismail is asking for an actionable/practical recommendation as he has clearly decided he wants to door knock. Hope this helps Ismail! Check out Duane Richins on YouTube! 

Statistical data indicates that homes sold by owners (FSBO) tend to fetch lower prices compared to homes listed with real estate agents. In 2020, the National Association of Realtors (NAR) reported a median sale price of $260,000 for FSBO homes, whereas agent-assisted sales had a higher median sale price of $318,000. This price difference between FSBO and agent-assisted sales implies that opting for FSBO may result in missing out on potential earnings that could have outweighed the agent's commission.

I'd recommend an agent - being biased of course. But now that I am an agent and have helped many once-FSBOs I can see that value an agent provides and how much stress and confusion someone selling by themselves would take on for not that much benefit. 

"Hi my name is X, did the neighbors say I might swing by?"... "ah no worries, I am not here to sell you anything, I was just looking at potentially buying a home in this area. Are you guys by chance looking at buying or selling a home if it made sense of course?"...

Sounds like a great start...especially here in Las Vegas. Let me ask...are you physically here and viewed the property? I work with many clients from afar before moving here wanting to buy a duplex, only to see it in person and completely change their mind once they understand the area, cliente base of tenants, etc. As long as you have done all of your research and comfortable living there as well, hats off to you! Finding a duplex that can also make numbers work (even slightly), is a big W. Congrats! 

Have you reached out to the Nevada Home Assistance Program? Look up Nevada HAF - I just helped a client who was in forbearance and this will allow him to recover. They may offer something to help your situation out. 

Let us know how it goes! 

@Juan Figueroa We've got lots of em. Depends what you are trying to do! Let us know!

Highly recommend to never accept a sight unseen...I've tried this before only for the tenant to arrive and change their mind but first they tried to widdle down the rent. Absolutely NO! They wasted my time and money, but I learned my lesson.

Sounds like #2 is better. If #1's mom can cosign on the lease that way there is security against the tenant, you could have more confidence at that point. 

Hope this helps! 

@Jacob Olson Assumptions are another option as Phillip mentioned. You will most likely need some down payment to cover the balance. Happy to talk on this option as well! 

Chicago Title I use and have been impressed with. Many investors I know use them as well. DM if you'd like a contact!