All Forum Posts by: Michael Plante

A 5 minute call to the county zoning could possibly answer your question 

 https://newsilver.com/the-lend...

 If you don’t get it please let me know because I may be interested. 

Would be happy to pay you a finders fee 

Thanks!

1 - 3 % upfront

10 - 14% interest 

With the way things are now I set a date 4 days after the listinG goes up.   For Highest and best offer 

I was never taught anything how to fix up houses   Never saw anyone do the labor   

Learned all from books and now youtube

you can always find reasons why something is too difficult 

Rentals are not easy and take literally decades for people to leave their jobs 

Look at the threads here about people who have been trying to leave their jobs from rental income.  VERY few ever achieve it 

Then ones who do it in a couple years are few and far between 

Your comment about paying taxes on flips reminds me of the guys I used to work with who would not take overtime because they said you just pay more taxes 

so I took all the overtime and everybody else’s overtime 

I invested the money in the flips and quit the 9 to 5 and retired at 47 

30 years later they are still refusing the overtime and still working at the same jobs  

I made my choices   You will make yours

I am guessing you are in your 20s   10 years from now you could be semi retired or you could still be here on BP taking about doing something   I hope you choose the later   Of history tells us anything you probably won’t

I hope you choose to NOT be normal/average 

I made my choices You will make yours
 

The tenants knew what they were getting into when they started renting. 

I would keep it the same.  I would also budget to get each one submettered 

Can’t be more than a few thousand per rental 

I like the easy way out 

I would say ok sure your move out date is XYZ

And let them stay even if there was no security deposit 

And learn a lesson for the next one   Get the lease and talk to the tenant BEFORE closing   Or better yet have the seller get rid of the renter 

if it were a tenant I had placed in the property I would say no you can’t use the security deposit 

Quoting your 9 - 5  via rental properties can be a VERY long road.  Especially depending upon how much money you currently make 

To me flipping gets more money faster and then can invest that into rentals if you choose to     

Is that normal in your area for apts not to be rented within a couple days?

is it possible the rent is too high?