All Forum Posts by: Roc P.

Thanks guys. My other question is when setting up these types of deals it seems more suited especially with the current market to hold on the properties and rent them out, but is this feasible because of the nature of the financing of the deal. Thank You

When working a subject to deal with a foreclosed property I know that you take over the properties payments and so fourth, my question is what about the seller? Most sellers will not walk away from a property if he or she has a lot equity into it, nor will they give it away for nothing.

Whats a good % to pay a seller, if there asking, for there home when using subject to, i.e. try not to pay all th equity they have in the house plus any other costs. Thank you

Hey Mike I've been reading your blog and from the sound of it you do all the work yourself. Were you a contractor before getting into the rental business?

Also I was wondering what your opinion's are on lease to own with your properties? Have you done it with any or do you usually just rent the properties straight out? Thank you

Giant house for rent works like a charm but you will be lucky to have 3-4 people out of twenty callers actually show up to look at it.

I was wondering what peoples experience was with lease to own (or even rent to own) with rental properties. For example your the middle man between the buyer and seller of the home, with your goal being make some cash flow from the monthly rent, and some return with the non-refundable deposit upfront. Thank you

I been searching the site for REI podcast and have not found any. Are they still available because I've been to the section where there located and nothing has come up. Thanks

Its funny that you mentioned lease options because a book that I'm currently reading is about the same subject. Also not to sound stupid but who is MikeOH? I figured he is another but I could not find anything under store link. Is he a poster on the board? Thanks again.

Thanks a lot Wheatie for the great advice once again. Do you use the 2% on all the deals you do with rentals?

Also is there any type of books or courses you recommend? Thank you again!

Thanks Wheatie again for the good insight. Ok a few more questions and I'll be done interrogating you, :D. Lets say I go by the 2% rule for a rental property that I purchased for 90,000. The rule being 2% so the rent would be 1800 a month, but what if the market the rental is in calls for cheaper rent like 900 or 1000? Thanks again

Hello Wheatie and thanks for the great reply. Anyway I hate to be a bit redundant but with your rental property rule of thumb you stated not pay more then 50*expected rent. So for example if I purchase a rental property valued at 90,000 and expect the rent to be 900 I should not pay more then 45,000 for it? Sorry for the dumb question but I never heard of the rent rule you mentioned.

Also with the rental rule of thumb can a investor usually expect a positive cash flow? Again thank you for the great reply.