All Forum Posts by: Zk Lani

@Andrew R. Lucas I didn’t realize there’s a bp meet up in Columbia. Last year I couldn’t find it. Is there a way to add myself to their emailing list so I receive notifications. This Marriott is actually right across the street from where I work!

@Barry Pekin thanks a bunch! I’ll look into it.

@Siobhan Kelly-Roberts true, and this is my main goal this year in RE.

@Vick Galu I do that when I can, but I work 80 + hours a week. I would like to focus on mailing property owners by getting a list. Will need to come up with a way to do this.

I just realized that listsource doesn't include the state of SC (what a bummer!!). Any recommendations from you guys on lead generation methods to send out mailers? I'm only interested in multifamily in certain zip codes. Also if you're familiar with good VA lead generation services, I'd appreciate you sharing the information. Thanks a bunch!

@Kevin Sobilo any recommendations on the brand?

Hi guys, I had one of my units broken into over Christmas, broke the window, stole some electronics and one of the property keys. It’s a college 4plex renting all girls. I’m very pissed and would like to secure the property especially that girls live there. I’m going to change the locks tomorrow, window got fixed, but what camera/alarm system do you guys recommend?

@Jay Hinrichs I’m not a truck person and I’m thinking about buying it in 2021 or 2022. Mainly because we have horrible drivers where I live. I’ve been hit twice over the last 2 months by first a college girl and the last a high school student, and both fled the scene. With this bad boy, they can hit me and I could care less :)

@Nathan G.

I haven’t approached them yet cause I would like to talk to people who have used that approach. From researching online, there’s the option of taking over the current mortgage and transferring the deed, but some of the investors that have written blogs about this , mentioned approaching the lender to transfer the mortgage under their name. For investors who have done that approach, I’d like to learn more on how they approached these lenders. This house has been sitting on the market for close to 2 years, the investors who flipped it have been under water for a while. If they couldn’t sell they’ll either short sale or foreclose which means more competition.

I need some guidance on subject to and I’m not sure if it’s a good idea. For folks who are familiar with subject to, could you please provide me your input whether it’s a yay or nay?

There’s this really nice house in my area that my wife is in love with, it’s on a corner lot with one side being on a busy street. It was renovated two years ago and been sitting on the market since then. It would have compd for $650k (4500 sqft) if it was a block further. Price was dropped down at some point to $450k, was under contract but fell through due to financing issue on the buyer’s side. It was relisted again for $499k with a different agent but still sitting on the market 6 months later. I remember from the initial listing agent a year ago that it had a loan balance of around $430k, but could be less now. I have my money tied up in other rentals as I’ve bought 11 units this year and I’m working on getting my score higher up and improving my debt to income ratio. I was thinking perhaps a subject to would be a better option to get the house for what’s the seller’s current balance, this way I get it off her hands and I get it at a better price without having to go through current conventional financing. For subject to experts, do you think this is a good idea? Any risk besides due on sale clause? How would you structure the deal and the purchase contract. Any input would be appreciated.

Thanks for your contribution!

ZK