All Forum Posts by: Brady Bell

@Gloria C. Hi Gloria, sure thing. I'll send you a direct message shortly

Maybe consider selling a lease option to a potential tenant to get some upfront cash collected and use the lease to offset a chunk of your mortgage and expenses. Hold for a year or two and sell on the lease option. If they don't want it re-list then. 

Good choice! I'm not too far, over here in idaho falls. I don't service your area as a realtor but would be happy to help. We can hop on a zoom or something and I can answer any of your questions you'd have. Search us up on google "Bellhaven Real Estate Idaho" and book a time on our site. It's free, we just like doing it. 

good luck!

Hey man, I'm in Rigby and have done all of this either myself or helped others facilitate it. 

title/escrow company can escrow the seller carry. They can also handle the taxes and insurance as well

The amount you require down is really up to you. I've done 100% owner carry and 50% owner carry. The more down they have the less risk you carry. I think 6% is pretty strong on an owner carry tho. You'd make more in the s&p with less risk.  If I were you and offering that rate I'd strongly consider adding a balloon clause to get your payback sooner.

If you wanna chat on the phone about this just search me up on google "Bellhaven real estate"

good luck!

Yes we do it. We require they wire the funds up front for a year long lease. Then set the lease so it does not automatically go month to month and make sure they are aware of it. 3 months before expiration reach out and say if they want to renew they need to re-qualify to go on monthly payments or pay another year up front. If they drag their feet give them 90 days notice to move out and be sonsisten with your postings that the lease has a hard fixed move out date. 

I'd probably call and ask the bank for hardship forbearance first. With a death in the family often they will give 3-6 months delayed payments. Which might be enough time to get your house in order.

I assume you're asking about a short sale because you owe more than it's worth. If that is indeed the case then you just have to call the bank and ask about their specific process to get approval for it. If you have equity then you don't need to do this and can just sell the house as is. 

We pay our cleaners via Venmo. We have a set fee that we pay per clean per property so we automatically log the payment in our software then tell the cleaners to do a Venmo request. We go through once a week and send them off. Then in our software we generate the 1099s based on the auto posted charges. Not perfect but it's effective.

Find a local wholesaler to partner with. Often times they will pay finders fees. Since you're not 18 yet you can't do the contracts and stuff but you could bring them the deal and get a cut of it. Good practice with no barrier to entry.

We use noise monitors in our short term rentals with these sort of restrictions. Then just post the quiet hours in house rules and let them know there is an HOA penalty that will be billed to them if the noise is excess after hours.

we use this https://www.minut.com