All Forum Posts by: Scott Huggins

I really get most if not all my solid leads on rentals from Craigslist. MLS nets me very few if any leads on rentals that I have. Now that might be different if I was renting million dollar homes in that case the MLS would probably be better. I have in the past posted ads in the local paper but that was before Craigslist took off. Think about the dynamic of the prospects your are interested in attracting and what media they would use to find your ad. For example, lower income and elderly might not have internet and depend on the paper more. Higher income earners would probably enlist an agent and the MLS. Average income earners rely more on internet ads and Craigslist.

Welcome guys! I think I read Lonnie deals material before. If that is the same guy his mobile home park purchase info was outstanding and something I am considering in the future. Your model sounds exciting and getting to travel the country also! Look forward to doing something like that once our kids get older. Charleston does have a local REIA.

Hey guys,

Anyone in the Charleston, Summerville, Goose Creek, Mt Pleasant, SC area that can recommend a good general contractor that they have used before?  I had a great guy but he has since retired.

Good idea and thanks for the tip.

Anyone know where I can get a commercial lease for a storage building?  I have never rented out storage buildings separately but the response has been great.  This seems to be a lucrative way to increase property income!  The house is already rented out separately so I need a standalone lease that covers just storage buildings/garages.

Hey guys,

I found this site after visiting J Scott's website and reading his book on flipping, which is an excellent book by the way.  My wife and I love real estate and are currently part time investors and looking to turn this into a full time career.  She will handle the buying and sale side of things and I will manage the rehabs and rentals.  I have done 11 deals as a part time investor since I first started in 1996 and have been a licensed real estate agent since 1998.  Heidi will have her license by months end.  We are looking to do some flips for the short term and also interested in long term rentals.  We have experience in doing single and multifamily homes but are looking down the road at possibly some small commercial properties too.  Love the site and the wealth of information and contacts and look forward to some great discussions and building some lasting connections.

 Exactly there is no benefit except to the mortgage company in adding someone to a mortgage.

Like Darren said I don't think anyone would find fault in you keeping the first months rent as you now will have to turn over the property and re-list for rent.  The lease term of the agreement would dictate what happens to the deposit.  If they are breaking the lease early then there usually will be a lease breakage fee if that is in the lease and deposit may go towards that or if M2M then you can maybe consider that proper notice and if no damages return the deposit.  Of course your landlord tenant laws may be different than here also.

Yeap, that works. You can search for keywords. Think of it the same way you narrow down your direct mail campaigns and that is the same way you do it on the MLS. Also our MLS actually has a separate tab for some of these type properties investors look for.

I went through this with my divorce and we had several investment properties to split.  Not sure why they do that but that is something very common that divorce attorneys do, maybe because it is the easiest.  It is not as you discovered a good idea at all.  One person gets the ownership rights and the other gets a debt with no interest in the property.  There is not much you can do about it except try to convince her to sell it or refinance it.  Problem is the newly single person's finance situation may be are very different than it was during the marriage and that may make it hard to qualify.