All Forum Posts by: Samantha Griffin

They are all differet in their own way.  I've done Brent Daniels' TTP, Steve Trang's, Pace Morby's.  I'm happy to talk, if you'd like to DM me

Would you mind sharing details of contacts? I met Joe Arias today and I asked him if I could use the generic contracts Ive downloaded and he answered not really and that he pays 3k for his legit legal contracts. I'm wondering if I need to contact the title company now in each county to see if my contract is allowed. 

@Samantha Griffin Your 2nd question regarding long-term financing is a very good one and one you should go into with eyes wide open. Some properties are difficult to finance, some are not possible with traditional lenders. I was working on a 13 plex recently, and no one wanted to lend on it, so we never executed a purchase offer on the property. Yes, we might have found hard money, but very few of these work long-term with hard money.

Manufactured homes, especially older ones, are very difficult to finance. Sometimes, they are cash only. Please do your homework on this property before pulling the trigger. Find out how old the units are, when they were manufactured, whether they have HUD plates, etc.

I'm a huge proponent of BRRRR and have seen it used to significant advantage and reward with the right property. This one may not be the right one, you need to find that out as soon as possible to protect yourself.

Good luck, and congratulations on having the courage to take the steps! Many investors never pull the trigger, and you are well on your way, that is clear.

You'll have to reference your state laws, but most of the time you can just refuse to renew the lease.  You probably have to (and should if not required) give them a 30 day notice so they have time to find a new place and move.

If you have two vacant units, why not renovate those with the tenants still helping pay bills?  After renovation, you might be able to get those tenants to move into a new unit instead of kicking them out all together.  Just a thought....

@Samantha Griffin welcome to BiggerPockets and congratulations on doing the work!

Are you located in any of those markets? If you want to do BRRRR, I would strongly recommend doing your first one or two in your backyard. There is a lot of room for making expensive mistakes if you try to do BRRRR remotely for your first property or two…

There are several markets across the country that match what you describe above.

In any case, happy to chat more and share anything information we may have if you are interested, do not hesitate to reach out, connect and DM.