All Forum Posts by: Kyle Boughton

First my pride and joy 2008 Dodge Ram 3500 6.7 Cummins Diesel. Had this truck for over 5 years now and love it. Hauls everything I need for all my projects. 

Also my 02 VW Jetta TDI that gets 50mpg. For saving money on a day to day basis. 

In my experience I would always hire someone to upkeep the landscaping if I couldn't do it myself. I would not rely on a tenant to take care of it even if they say they will. I'm not sure how it would work if you put it in the agreement as I have never done that. What do you do if its in the agreement and they don't take care of it? Pull from there security deposit? Seems like more of a hassle then anything. Maybe someone else can chime in and give you some more feed back.

Good Luck!

I would find out your cost after repairs before anything else. The items that you listed that need fixing/updating are not cheap. Do your homework and triple check it. If your fiance will be doing the work that will definitely help saving labor costs. Hope everything works out for you.

Good luck!

Honestly in would depend on your situation. If you could financially take the burden and are feeling good hearted then go for it. If it were me I would come up with some terms that would require to find another tenant before they move out. That way you would be out the least amount of money as possible. What are your thoughts? Are you leaning towards a certain way? Honestly they signed the terms of agreement and if you are having a hard time renting units at this time I wouldn't do it. You need to look out for your own financial well being. Its not like your ripping them off. You have no reason to feel bad in this situation.

Best of luck to you!

If your numbers are correct then it seems like a good deal to me. I would definitely do an inspection to ensure you don't have any surprises that could potentially ruin your good deal like others stated.

You were able to find a broker to hang your license even if it was just for your personal investing? The reason I ask is I was thinking about doing this as well but wasn't sure if I could get my license if I only used it to flip a few houses a year and of course take advantage of MLS.

Thanks for your time!

Wasn't really going for either team but wow did those last few seconds make me sick! Why would you go for a passing play in that situation??

Welcome to BP. Like the others stated to start with the Ultimate Beginners Guide. Lots of great information in there to get you started. Podcasts are excellent as well! 

Have you spoke with the investor you were working for? Maybe they can help finance the project and you do all the work. Then you can give them a certain % of the profits. 

If you have a cosigner with good credit this will definitely help your chances of being approved but there are way to many variables to give you a right answer.