All Forum Posts by: Jimmy Moncrief

@Luke Holcomb welcome to BP!

Is your long-term strategy buy-and-hold?

If so, why not just put some money down and leverage the rest?

I'm free to do lunch next week if you are north of the river.

So we are coming up on a tough time to get properties rented.

I thought it would be fun to list some creative ways to get a property rented.

Here is the list I have so far:

Craigslist

MLS

Non-Profits

Corporations

VRBO/AirBNB

Postlets

Current renters

What creative strategies do you use to get a property rented?

sounds very interesting.

They are lucky to have you @jscott 

@Bill Gulley EXCELLENT IDEA!  Sign-me-up!

Hey @Autumn Webb a lot of my friends have made a lot of money over there.

Great transitional area...

@Brandon Turner this isn't exactly what you are wanting - but I feel like it will get you the end result.

Go to your bank and get their ACH form for customers (that is you).

Simply integrate this form in your application/lease signing process.

Done!

One other thing - I would caution against using your website for ACH activity even if its just the front-end because of the fraud/risk/liability...

Great discussion!

@Brandon Turner turner put an excellent outline out on his realestateinyourtwenties.com site - I believe the pdf is in the BP File section.

I try to read it once a quarter to remind myself of my goals.

What I would emphasize is buying for less than $30k and the house being worth less than $30k are different things :-)

You are right to emphasize cash flow and not bad areas.  Just properly forecast all of your projected maintenance expenses.

I would 'interview' bankers - specifically business bankers.

I know a lot of people like to beat up on bankers - but banks do 99% of real estate lending.  Instead of just complaining about them - learn to negotiate and work with them1

Thanks for sharing!  I know some people have already said 250 is small - but if that is all you need to fulfill your goals then good to go.