All Forum Posts by: Michelle Elsaid

@Shawn G. Thank you. Are you up to anything since the training last week? I'm trying out my first one this weekend... it will be a long shot but I am hopeful. 

Good afternoon,

Does anyone know how I could go about finding all the multi-family properties around my area (Orlando, FL) and getting the address of the owner? Looking to buy a list of them.

I went to his one day seminar in Orlando, FL and learned a lot of invaluable information, highly recommend.

Zillow is a good place for leads and you can request to not be put in a 6 month contract

@Jovan Dinnall Any update? :)

Here is an interesting article to check out: http://www.jamesaltucher.com/2015/08/401k-scam/

But with all that said, I do have a 401K but don't plan to contribute later in my life after having more real estate. Only invest the minimum to receive the full company match. Any additional retirement deposits should be made in a roth IRA to maximize tax benefits.

If real estate offers you better returns, you may not need a 401K if your RE income is enough to cover you at your planned retirement age.

I recommend it in the lease and state that landlord is not responsible, etc.

I would recommend reading BP's new book Managing rental properties. It lays out this process in detail. Before wasting time showing a property, at the time of the call or scheduling you should go over the criteria that you look for in order to have an application accepted. If they feel comfortable meeting the criteria, setup and show.

Make sure they decide whether or not they should apply. If you deter someone from applying, it can come back to haunt you in some fair housing laws or state laws. More examples in that book... :-)

You can verify employment through the employer directly.

Personally I don't agree with exchanging a room for groceries or other expenses. That seems like it could get complicated. Why not just agree on a fair number for rent?