All Forum Posts by: Leah Stuever

That is highly personal. 

If you can start with buy and hold - go that route. Nice way to get your feet wet with properties that hopefully dont need a ton of work. 

If you are starting with zero funds - wholesaling may be the best way to start to save up for a down payment. 

Commercial leases are generally longer terms (5 years or more). But you certainly want months or expenses saved up. It really depends on your area and how long you think it will go without a tenant. 

Rich Dad Poor Dad

What every real estate investor needs to know about cash flow... and 36 other key financial measures

She also needs to read  up on the local landlord tenant laws

It is done both. You want to be able to get a close number in order to make a good offer. Then adjust during your due diligence to decide if it is going to be a good deal. 

Running the numbers is the biggest part of flipping. Do a ton of research so you know your numbers before making an offer. 

@Alma Bagaoisan Awesome. If you have any questions about texas investing or need any help, message me. Happy to help

If you are looking to rent, then you just want to run the numbers for renting. The rent will pay off the loan and gain you equity either way. You may make more in other areas, but if that is where you are comfortable then start there. Then move to an area that can get you more growth. ( I recommend DFW, but I am partial because that is where all my investments are and I am a local agent there)

Rich dad poor dad

What every real estate investor needs to know about cash flow... and 36 other key financial measures

I dont know of any state that allows a landlord to fine tenants for things like that. You can certainly sue for damages caused. And sue for eviction. The problem is that takes time. And it is cheaper and quicker to pay someone to leave then to let them stay and go through the legal process while they continue to cause damages. 

And a 7 day notice (which is highly state specific) generally only applies to rent, not feels (like late fees or NSF fees which are legal)

So the problem with your theory is that it isnt legal.

It isnt hard. You can email around to different brokers to ask if they accept part time agents. Most large agencies dont but a lot of smaller, local places do. There are also cheap brokers that do, if you want one with little support. You can generally google "cheap brokers" or "part time real estate agent" for your area and come up with some. Just know you get zero support with them generally. 

If you can make the numbers work with 5% down, why not do it? Start building your equity and then pull it out and buy another.