All Forum Posts by: Robert Posta

Maybe ask that person to go on month/month agreement for the next 60 days and then once he gets his job back you can re-sign an annual lease.. 

Brittany, many thanks. I am researching the deed/taxes now. 

Hello all, I may have found my first unit to purchase.   It is located in the Midwest.
My question goes out to others that have purchased older homes along with experienced 2 unit landlords.

First off, the home is older and cosmetically in great condition inside and out . It was built in 1890.

The home has a cinder block basement and siding for the exterior.
What things should I look for that may be hidden.  I know pipes are a big issue. 
The home is on city sewer/water. It might be worth a plumber to send a camera down the main sewer to check the condition. 
I would love any tips from others on what to look for.

The home has separate meter for gas and electric. It has 2 units.
The current owner did not use it as a rental and uses the whole home (both units ).

What is the best way to go about making sure these are legal 2 units?
The numbers look great so far and my only worry is this may be a money pit due to the age. 
I am going off of pictures now and I am working on a showing next week. 

I am really interested and it may go fast. If I like what I see I am guessing I should put an offer In with contingencies?

Thanks so much for any help and assistance. 

Congrats on this purchase. I also would love to hear the numbers on this deal.
I have boated over to Michigan City and New Buffalo several times form Chicago harbors. Best Regards

I also enjoyed this meetup. It was my first meetup and I look forward to going to several more. Thank you to John/Mark for hosting the event.  The tips on property management and tenant screening were great from @Mark Ainley.

I was shying away from accepting tenants with pets. After hearing some of the surprising number of pet owners looking to rent along with some pet screening tips I have changed my outlook.   

Welcome @Jermaine Reyes.    www.meetup.com  is a great resource to search for real estate investment clubs and/or possibly flipper clubs in your area. I just went to my first meetup and it was awesome. 

# 6 to me looks cool. Big and bold and it looks like  there is a person under a roof.
Colors I guess are all up to each person. I would imagine you will get many mixed reviews on color. Go with what you like personally.  Or you can google " what colors are best for print marketing" and get a gazillion blogs/answers.

Posting to add myself to the topic.

Also interested in this topic. I am not looking to hack. Purely investment.

Great post and great job.   Good reading for an new investor in research phase.

Thanks for that post Brie. Glad you had received your funds back.  As a new investor this story makes me want to be sure that I do not burn a bridge,  If I were in a situation where I needed to borrow money, I would insist that the lender is legally taken care of by means of lien.  Great story for anyone new or seasoned to reflect on.