All Forum Posts by: Jessica Melendez

Hello fellow investors!

I am looking to connect with Landlords in the NYC area that currently accept Section 8 vouchers in their properties.

To give you some background information I'm developing a course for Realtors. The course will educate Realtors on the process of vouchers on the tenant side as well as the landlord side. I want to hear from you regardless of your experience.

Text or Email me!

Thanks in advance and looking forward to hearing from you!

Hello fellow investors!

I am looking to connect with Landlords in the NYC area that currently accept Section 8 vouchers in their properties.

To give you some background information I'm developing a course for Realtors. The course will educate Realtors on the process of vouchers on the tenant side as well as the landlord side. I want to hear from you regardless of your experience.

Text or Email me!

Thanks in advance and looking forward to hearing from you!

Hello fellow investors!

I am looking to connect with Landlords in the NYC area that currently accept Section 8 vouchers in their properties. 

To give you some background information I'm developing a course for Realtors. The course will educate Realtors on the process of vouchers on the tenant side as well as the landlord side. I want to hear from you regardless of your experience. 

Text or Email me!

Thanks in advance and looking forward to hearing from you!

@Javaughn Harkness

Hello there from NYC and Happy Holidays!

For starters, congratulations on speaking up about this. It’s not easy, but it’s the first step.

Now down to the nitty gritty, my first advice would be that you need to get out of debt. Not only will this help you personally, but I believe it will also give you a foundation for your business. We all go into this wanting to succeed (any business). Having healthy money habits will take you very far, a budget will help you understand exactly where you are and you make a plan to get out of it.

Now, this is me assuming that the bad credit is related to debt. If the situation is just some things in collection that are causing the low score, then my recommendation is the following:

1. Make a list of the accounts in collection and the amounts owed. I suggest listing them from smallest to largest. Once you have that list, start calling the agencies and offer them 50% of the debt. That’s it. I don’t recommend a payment plan because you negotiate less that way. Make sure you have the funds available to make that payment at the time of negotiating and be very specific with them, that making this payment will eliminate the debt. Some may tell you it’ll take some time, or that they won’t remove it. Once you pay it and you have your receipt, dispute it with all three credit bureaus and ask that it be removed (you may have to do it a couple of times).

That alone should increase your score drastically. Then the question stands, do you have any credit cards or loans. If you have credit cards start paying them off. If income is an issue, pick up a second job. Getting out of debt is no walk in the park, it takes sacrifice and getting uncomfortable.

So, regarding getting into real estate. I suggest getting a some type of job, any job, related to real estate. Even if it’s an assistant to an agent or an office assistant at a real estate company, or a property manager. Start networking. Things a little tough now with in person networking, but we’ll get there eventually. Once we do, go to as many meetups as you can and meet people. Talk to people about it, just get out there and it will come to you.

... but it starts with you. Start planting that seed now, it’ll grow slow but keep watering it and trust the process.

Good Luck!

@Brett Sayers

Hello Bret from NYC!

I work as accountant at a Real Estate Company. I also track my investment property with QB.

For your number one: it’s a function of “Transferring funds between bank accounts”. Sounds like you’re hitting the liability when you should be hitting an exchange account.

You should 100% reconcile. A. L. W. A. Y. S.

QB is great. HOWEVER, it can also be a headache. Especially when you mistakenly delete a transact because you moved too quickly.

I’d be happy to get on a call with you and help you out. (Not selling you anything). I just understand your frustrations.

I manage about 182 accounts. Most in a different real estate software, but some in QB along with personal finances.

@Karl Dela Cruz

Hello from NYC!

Definitely cover them. I recently renovated and I’m kicking myself for not covering the floors. I’m currently house hacking a duplex. I uncovered beautiful hardwood and decided to refinish them because it went with the charm of the house.

Since I live on the first floor...

1. I can hear everything

and

2. They’re constantly moving things around. I cringe every time I hear something dragging.

Consider preserving your rentals keeping your exit strategy. As many people have pointed out, they are worth a whole lot if and when you decide to sell.

Hope that helps!

I'd really love a House-Hack Calculator!

@Denise Frazier Also interested in a Mastermind Group.

Hey Hey! Real Estate Investor & Agent in NY!

Hello everyone, 

Has anyone used the program Westhab?

I have an applicant who is using a program called Westhab. I spoke with the rep who explained to me that the company pays the full rent and the tenant will pay them whatever they can. This seems too good to be true and I don't want to put myself in a situation I'll regret. 

Any advice?