All Forum Posts by: Mario Lowe

I wouldn't say spend 15k-20k on a house means it's "god awful" since you're low on funds why don't invest in the sub 30k-60k market?

I suggest checking out more of Lisa Phillips (I think she was show 62) shows on finding great low costing houses while netting a lot of profit.

I think that buying a duplex and staying in one half while renting the other is a great idea just make sure you have the money to cover it because you say you don't get alot of hours at your job. If you need to work two-three jobs, that what I do: one at a restaurant and one at a Casino to save up enough.

I don't  understand why you don't use that real estate license to get a better job though that's what I've been saving my money for.

Listen to BP Podcast No: 4 the one with Frank Gallinelli it talks about commercial tenant screening and different types of deals/contracts there are to make. There are also links to more topics on commercial real estate and screening linked to the show.

Here's the link: http://www.biggerpockets.com/renewsblog/2013/02/07/commercial-real-estate-frank-gallinelli-podcast/

I learned a lot, I hope you do too.

What are some of the best sites or general resources that you've found for fixing houses, it can range from fixing small problems around the house to full blown fixing up a house. Anything would be greatly appreciated

Also, what are some things that a person should never try to fix on their own and would be better off calling a professional?

Wow that's terrible....I can't believe the tenants stayed. Great info!

I just finished reading Robert Shemin's Book "21 mistakes that real estate investors make" and in it, it had a section where he talked about writing out a contract for his tenants that makes them responsibile for paying for problems they cause like plumbing or things they broke.

I was thinking about going this route because that's the biggest complaint or fear that people have when it comes to renting.

I was wondering if this was legal in all states and what were you're thoughts on having tenants pay for the wear and tear they cause?

Where can people find out more about state or new federal laws and policies regarding real estate?

Thank you, I think I'll go with a licensed contractor since they can provide both the price and get my building up to code

When buying or looking to buy a new home whose better to check out the house a contractor or an inspector? I've read and heard conflicting views on both. What are the upsides and downsides of both?

Thanks alot George, I will definitely check the book out.

I'm pretty new to real estate investing and I wanted to know if there was any tips or even a checklist on what home buyers should look for/be prepared to replace when investing in a new house. I plan on targeting houses that are 30k and under and need need light rehab work so any tips on buying houses for any price range will be wonderful