All Forum Posts by: Account Closed

Have you joined Metrolina REIA? I used to live in Charlotte years ago and it was a great group! They also had lots of subgroups and I used to attend one in North Charlotte in the University City area near UNCC. I can't remember if they had one closer to where you live or not.

I agree with everyone else. Don't spend that much money on more training. It sounds like a huge scam. You could do so much with $50k like marketing, down payment for property, forming LLC, joining your local REIA, anything to help you do actual deals. You will learn so much more by doing your first deal than you will ever learn from some real estate "guru" who's trying to get your money.

As long as the property can cashflow with your purchase price, appreciation or depreciation shouldn't matter with buy and hold. I say find a good deal and go for it! If your property appreciates in value that's just icing on the cake! A lot of investors got burned years ago when they bought based on appreciation. It's a gamble. But if you buy a property and the numbers work, you should make money regardless of the housing cycle.

OP good for you for not tolerating this! It sounds like you are doing the right thing. Being disabled shouldn't have anything to do with his inability to keep his unit clean. If he's also depressed or has mental issues he could surely hire someone to help him clean. Your tenant is clearly posing a hazard to his health and other tenants' health too. You are taking action for his well being as well as everyone else's. I truly hope you can get this tenant out and get the unit cleaned up. I'm not sure how you would ever get that smell out. Maybe you could help him move by stating the unit is inhabitable and you need to make the necessary actions to bring it up to health code and so he will need to vacate. In the mean time help him find another place to live and if you have to give him money for a deposit so be it at least you are getting him out. I like the idea of having something in your lease about keeping the apartment clean. Good luck!

I personally wouldn't take the whole year's rent up front. It could be a red flag. Maybe the person will be a good tenant but what if she's not and you need to evict her? If you do decide to accept the year's rent, I would consult an attorney before doing so just in case you do need to evict her for any reason or to find out the laws in your area. I'm an overly cautious person though and would want to know what the legal ramifications would be.

I would post an ad at the hospital and talk to all of your colleagues and see if they know of someone at work who is looking for a place to rent. You will probably find someone who works at the hospital just by word of mouth or with a simple flyer on a bulletin board.

I would definitely consult an attorney who has lots of experience with evictions and start the eviction process ASAP. This tenant assaulted you and is clearly unreasonable so definitely get him out as soon as you can. Good luck! Sorry this happened to you! No one deserves that!

Yes exactly! If anybody who creates podcasts is reading this take note we don't like small talk haha!

Thanks for the list! I thought I was the only one who hated small talk in podcasts lol! Who has time for that? Just get to the point you know?

I agree with the pp. Go to the library and read some books for free and read as much as you can on here and get to know your local market and decide on a strategy strategy or niche. Attend local REIA meetings or real estate meetups and network with other investors. Once you get a feel for things you can decide on which guru's course you want to take. At our local REIA meetings they have guest speakers and some are local and they have additional seminars or boot camps you can sign up. You can hear them speak at a meeting and if you like them a lot of times they will do a weekend workshop and then they will often advertise a boot camp and sell their materials. Some speakers are good and some not so much but I've always learned something from each one. It is definitely helpful to decide on a niche first though or at least type of investment - single family 3br2ba house vs apartment buildings or fix and flip vs buy and hold. I hope that helps!