All Forum Posts by: Matt Harris

I have heard both good and bad I'm here locally I'm a landlord and agent currently I manage my own. But am looking at rochester asset management or lighthouse there's a few others and then alot of poor ones. May possibly continue my own and possibly work with other in that area. Thanks

love the post. A simple answer is stay in business and maybe just provide more money when buying as long as you still profit may not be as much as previously but you could still help people in need and distress. And as long as your honest at least these distressed homeowners aren't getting taken advantage of by another that doesn't have a heart and concern as yours. You can still do well in business and provide a great service by giving more fair prices people may call you nuts for not making the killer bucks you were but at least you will feel better and ease your mind by giving higher prices on these deals yea it cuts your profit margins but I guess thats the balance between doing for others and doing for yourself or doing for both equally. 

there will be more pictures today of the inside.thanks

perfect for investors!!!Brand new complete tear off roof -2014,completely new gutters-2014, New furnace-2014,new pex plumbing and waste lines-2014 with permits, new hot water tank-2014.All major rehab done in 2014-2015 with little to no maintenance for the hands off landlord. Perfect cash cow with new c of o in 2015 rented at $724 with dhs direct monthly payments rent could be higher based on market rents. Low taxes. Appliances included with sale stove and fridge. Truly turn key at this price with all major work done for years to come.

great advice and so true. That's one great thing about bigger pockets and real estate it's so diverse and there's so many different ideas guess have to figure what's comfortable and works for yourself. Thanks again 

great advice. Thanks agree with both ideas. Ok I guess here's an example in my situation I own a house I paid 10k for put about 10k into it complete rehab so now requires minor maintenance brand new tear off roof, new plumbing,new furnace new hot water tank. The propery is valued at about 35k to 40k but figure cause area can get about 30k now should I try and pull out equity with a loan n make payments or sell outright? I guess it would depend on current circumstances but what would you do where do you go for home equity lines or rental financing? As I already have a bank mortgage and currently lowered my credit score with poor choices and credit card debt from learning experiences or some call them mistakes lol. 

This question is mainly for veteran landlords or those with rental experience. Would you rather leverage properties or own outright with paying your own cash? Currently I do both but am trying to find my own niche here's my opinions I like owning outright because no stressful bills like bank hassles or if something goes wrong finances aren't as tight because you own the property and higher cashflow based on expenses but the other side is I'm in a lower income bracket so you get higher vacancies complaints and damages. But if I can finance and go into higher income areas is it worth it you have a loan to pay so always have to keep finances perfect and be prepared for sudden expenses with the added bills but the tenants are usually better with lower cashflow but your leveraging others money is it worth the risk as nothing is guaranteed. What you prefer or any advice in this matter? Have others started in lower income areas due to lower barrier of entry but usually more problems and then moved into higher income areas with leveraging and able to keep up on all the bills. This is strictly rental markets cashflow vs quality. Thanks

curious what the best option to return a security deposit is money order the easiest? thanks