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All Forum Posts by: William Broxson

William Broxson has started 3 posts and replied 64 times.

Post: I'm having issues telling a tenant to remove their bike from the laundry room

William BroxsonPosted
  • Real Estate Agent
  • Youngtown Ohio
  • Posts 64
  • Votes 46

Make other accommodations for her, is there any other place she can chain it up? Maybe let her know it's a fire hazard or safety concern or that if you get inspection from the fire department you could be looking at a huge fine. Involve her in making the situation better.

Post: Credit Repair Advice

William BroxsonPosted
  • Real Estate Agent
  • Youngtown Ohio
  • Posts 64
  • Votes 46

Some lenders offer free credit repair programs/advice.

Post: Comping Multifamily Properties

William BroxsonPosted
  • Real Estate Agent
  • Youngtown Ohio
  • Posts 64
  • Votes 46

Call an agent would be the best/easiest. Can also use current rents and desired cap then plug them into gross cap or net cap formula to get somewhat of an idea.

Post: Where to invest

William BroxsonPosted
  • Real Estate Agent
  • Youngtown Ohio
  • Posts 64
  • Votes 46

Im local to Youngstown Ohio area, but you can get a nice duplex or triplex for 200k or less with 15% gross cap if you look hard enough. You might be able to get more than 1 if you look in a C Class neighborhood.

Post: PURCHASING RENTALS WITH NO/LITTLE MONEY DOWN. Doable?

William BroxsonPosted
  • Real Estate Agent
  • Youngtown Ohio
  • Posts 64
  • Votes 46

Are either of the houses your mentioning accepting rto or seller financing. I know there was one in Youngstown for I believe 45 rto with 2500 down. I assume there's not much equity in the other homes to pull out and use?

Post: Got my first home under contract after 2 weeks of cold calling...

William BroxsonPosted
  • Real Estate Agent
  • Youngtown Ohio
  • Posts 64
  • Votes 46

Ive found buyers for several of my listings on fb market place, usually I run an add for about a week $5-$10 a day. Offer to pay and agent a flat fee through there brokerage if they can bring a buyer. 

Post: Title Company Forgot To Include Security Deposit for Rental Unit

William BroxsonPosted
  • Real Estate Agent
  • Youngtown Ohio
  • Posts 64
  • Votes 46

Next question would be did you read and sign the settlement statement from title? I don't believe the title company is to blame here.

Post: Should I buy now or wait?

William BroxsonPosted
  • Real Estate Agent
  • Youngtown Ohio
  • Posts 64
  • Votes 46

Maybe see about a 3-1 or 2-1 buy down program to temporarily lower your interest and refi when it gets better. 

Post: Agent asking for 2.5%, is this legal?

William BroxsonPosted
  • Real Estate Agent
  • Youngtown Ohio
  • Posts 64
  • Votes 46

Im really not sure how they can take 2.5% from the next agent But anything is possible. Maybe call the broker, But likely they just want paid for time and effort so far. Did they pay for staging, professional photos or ads? Maybe tell them you want to see a new marketing plan or sell strategy.

Post: Getting started in private lending

William BroxsonPosted
  • Real Estate Agent
  • Youngtown Ohio
  • Posts 64
  • Votes 46

I live in Ohio and you are indeed correct we have a low cost entry into investing. Would like to connect with you whenever you get up and running maybe we can do some business. 

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