All Forum Posts by: Stone Teran

 Yup, same here.

That's a great tip.  I'm tired of this happening to me.

I've used both a locking and non-locking bottom knob and it's extremely rare that a tenant whines about not having a non-locking bottom knob.

Sellers and lenders are flexible when it comes to the LLC at the beginning of the process. They know you can't create an LLC every time you make an offer or apply for a loan. The bank is looking at the building and your credit (not the new LLC's credit). To answer your question, you can apply with LLC name to be determined or write down the name you will register knowing that you will have time to register. The registration process varies by state but is usually a 2-day affair.

By the way, my experience with realtors is with larger multi-family properties often going through foreclosure.  It's like the listing agents don't think outside realtors can handle the complexities or they want the double fee.  Every single property I have purchased in my life has used a dual-agent (realtor representing both sides) as a result.

It is a common sight to see a landlord and has partially given up and is not fixing anything and the place looks like crap.  The lazy fix is to lower rents and keep it as full as possible until you sell it.

 The seller's written word is king.  I'd "break in" with seller's permission in my pocket.  Be careful for squatters and angry raccoons.  Try to secure it when you leave.

I've found many listing realtors to be very territorial and not want other realtors showing their properties. This probably violates some sort of MLS bylaw. I've had to contact the original listing realtor if I didn't want to wait weeks.

HUD establishes a cap in every locality. Local housing authorities generally will not allow rents over this cap. My experience is that these caps are very high and it is routine that actual rents are much lower than the caps.

These are 2 great responses.  Experienced mentors are often not willing to meet and teach not because they are jerks or egotistical, but because they are stretched thin with responsibilities and can't afford to do that.  If the mentee offers help or some other benefit, it can create a win-win situation.

 All I had to do was submit a W9 and my contact info so they start paying me.