All Forum Posts by: Stephen Glover

@Erica Billie I second @Taylor L.  He has a great meet up. Check it out!

@Brandon Kalker  Richmond is AWESOME.  Heavy on relationships though.  Develop a good team and try to have a lot of time in person if you can.  It will help significantly. I meet with out of town investors frequently to help them get started in Richmond and the ones who do best are the ones who invest in relationships.

Plenty of opportunity.  Sure, the market is hot, but same is true anywhere.  Position yourself to get ahead!

Happy to grab coffee next time you're in town.  We can go over submarkets and I can make some other connections if you're interested.

@Ryan Grant I wouldn't worry too much about the smaller bedroom.  It might be a minor deterrent but most folks don't use all the bedrooms, and if they do (in the area your house is located) it will likely be for a child with a smaller bed.  I think that is a much better option than going with the addition and hopefully will still keep things in budget.  I don't see the smaller room having much affect on rent or desire to rent given the size of the two other rooms.  My 2 cents.

Welcome @William Bauserman.  Lots of great resources here.  Build the right relationships and you'll accomplish anything you want!  Happy to help if I can.

@Taylor L. see chain above, specifically @Luke Sanderson's mention.

@Lindy Pond?

@Natasha Waters Develop relationships. Relationships will lead to capital, partners, deals, growth, etc. Try to find some meet ups or REIA groups in your area. Introduce yourself and try to add value to the folks you meet. Starting with the group of people you know (military) is a good start. Maybe you start your own RE Investing MeetUp for Military Members and be seen as a resource/leader with credentials, then bring in people more experienced than you to speak at your events. You'll be rolling in no time.

Thank you for your service and sacrifice, and good luck!

When you've posted over 128 times on BP you can pretty much consider yourself an expert at everything, but that's just my opinion.

Most responses thinking like an "investor" and not like a "business owner."  I believe that someone who invests in real estate needs to wear both hats.

A lot of responses here doing calculations on maximizing your returns and putting money here or there to grow portfolio, negotiating the discount, etc.  but that's missing the bigger picture. I'm referring to what @Nathan Gesner posted, specifically the "#2" portion of his post.  For what it's worth, I agree with him and think this is the best advice so far.  Tenant can still leave (insert number) days after full discounted prepayment and get their money back.  Essentially, you're just agreeing to take a discount on rent from a tenant that you already know will and can pay full amount.  No benefit for you.

Plus, you will have agreed to violate the lease terms.  It likely will be difficult trying to argue the point in court that you "only agreed to violate that one part of the lease.  The other policies are still in tact" when another violation happens or the tenant wants their money back.

In my humble opinion, run your business the way you planned and don't let the tenant run your business.  I've turned down offers for prepayment, even in full, for those reasons and more.

@Thomas Hosford I believe we've met back in the day!  Glad to see you're doing well.  Let me know if you want to grab coffee and I'll make some connections for you before you leave.