All Forum Posts by: Kenneth Huddleston

I would say a more professional reminder could be an email, a letter, or even a phone call. Also, what i would do to prevent late rent turn-ins is to charge late fees and enforce them. If people realize that they will have to pay an extra 50 dollars even if it is only a day late, then they will make sure to turn it in on time.

I wouldn't suggest texting them as i think i looks unprofessional.

Could someone please share with me the entire contract used when you are wholesaling a house? Including the right to assign addendum as well as subject-to's to allow me to back out if i have to? I am implementing my first marketing strategy this week and need a good contract. Thanks for the help guys.

If traditional banking proves difficult then you could look at hard money lenders, although that would result in a higher mortgage then you may be able to sustain.

Depending what is needed for repairs, you could refinance the property. You said you have 42k in equity? Well if the property is meant to be a rental, repairs should not come near that.

sorry, what I meant to say was acting as an agent on top of as a wholesaler

I don't believe so. If anything wholesaling would be easier, and potentially more profitable, with a Realtors license because there are fewer legal entanglements. Also, if u can set it up to be acting as an agent, buyers or sellers, u could make significantly more per deal.

@Jeremiah Damiron

Notice that i said it MAY be a tall order. I am not sure about the market in NY. I know that in the big city like NYC it would be very challenging, but i know next to nothing about Syracuse.

Hey, i was wondering what kind of rentals grounded manufactured home make? Grounded meaning they are with land. I am wondering this because i see everywhere grounded manufactured homes that rent for similar prices as the actual homes with much lower purchase cost, and it occurs to me are there any real disadvantages? I realize that perhaps finding tenants would be harder because people have a tendency to look down at manufactured homes, but is this the only real disadvantage? Can't wait to your guys' input.

I agree, i ran my own numbers and i wouldn't see paying to much more than 22,000 max if your considering it as a rental. If you can fix it up and get the rents to 7-800, that's another thing, but as an investment with the numbers you gave us its next to worthless.