All Forum Posts by: Laura George

@Kaleb Woods

Do unpaid water and sewer bills attach to your property or remain with the person?

@Jack B.

Take the money.

@AP Horvath

I love cash flow!!! To us equity is a bonus!!

@Kristie Bastnagel

Although I don’t know the details the numbers look good. And seller financing. What do you have to lose??? Go for it!!!

@Eric Johnson

That’s right!!! I like the way you think.

@Rose Nielsen

Rose. We do deals like this all of the time. It’s not unreasonable. Especially where we live in the Midwest. The thing is that it takes cash money and a good title company to get the deals done. I could tie up 100 deals in a month if I had the cash flow. Don’t let people make you believe that you’re being unrealistic. Just because they cannot do something doesn’t mean that you can’t. Dig. Dig deeper.

@Rose Nielsen

We have a trailer park under contract. 16 lots and 15 trailers. Rents are over 500$ a month and are low. That’s 5k a month net. Purchase price 295k. I think that is close or surpasses your expectations.

@Kelli Standekar

That’s the kind of properties we buy. I’m all in. But as an electrician I must tell you that those are open joints. The wire nuts need to go in boxes. And really you need an electrician to look at everything for you.

@Takeo Kingi

I like to get the properties cash flowing as fast and easy and inexpensive as possible. We don’t split the utilities up in this situation. We pay them and increase the rents accordingly. This has been an awesome strategy because we can get a lot of data from their utility usage. And we find ways to decrease the utilities usages. This not only puts more rent money in our pocket without raising the rent. Also it will raise your property value if you insulated the property to save yourself money when pitched to another investor. Also maybe you can use the cost of insulation as repairs for tax purposes but at least use it for cap expenditures. Also the local utility companies may offer free incentives like free light bulbs or rebates on energy efficient hvac equipment. We get14 free energy efficient light bulbs for every property on a certain utility company. Then we use them in our rentals that we pay utilities on. Hope this helps.

@E. Miller

I would ask an attorney. Lol