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rental units

hello i rented my first property the other day the deal is going ok but the tenant isnt very cheerfull every time i call this guy he is disgruntel does anyone know what the law says about dealing with a disgruntel tenant

Demo time!

We closed on time and I have had the house for 10 days now. In that time I have had the furnace replaced, kitchen cabinets removed and new facia put on. The new windows have been ordered along with new gutters and I hope they arrive next week.

I have begun taking down some wood paneling that was up in two rooms. It's messy but I am making good progress. The rest of the tear out will happen next week (I hope) with stronger men to help me. Smiling

The kitchen cabinets have been ordered so I now need to get busy and find some kitchen tile.

Pictures will be coming as I will be taking some in the next few days.

oK... just thinking out loud here

so, I have a possible investor group in.. and maybe even a couple people in the family that could be my first investors.

I have a house in mind:

It is a short sale fair market value on the dean research site says 122k, it is listed for 99 on zillow, and my realtor has it listed for 79.

Maybe i am missing the most simple part of all this but if values are determined.. shouldnt' i just be able to apply a certain percentage say 50% of that value and make offers all day?

And then the offer, do i really just ask my realtor to bid 60k on this? I have never done the process before so how do I make sure I have 30 days to make sure it checks out.

FREE REAL ESTATE EDUCATION AND NETWORK MEETING

FREE REAL ESTATE EDUCATION AND NETWORK MEETING (DOWNEY)

EVERY 2ND WED. AND THURSDAY OF EACH MONTH

Black Belt Investors

We are busy this week doing our best to keep your investing mind engaged. Check out what we have going on and join us!
Attend 12 ROUNDS
Free Real Estate Club Meetings

This month at 12 ROUNDS we have special guest speaker...
Matthew Mullhofer Attorney at Law.

Mr. Mullhofer an asset protection attorney is going to line up all the different entities (LP's, LLC's, C & S Corps, FLP's, GP's) and let them battle it out to see which entity best suits you for your real estate and business endeavors.

You wont want to miss Round 10 as this is truly exciting.

Downey - Thursday Nov. 10th
7810 Quill Drive
Downey, 90242

Starting work in a new town

I went 80 miles to work a new area. Prices are really down and rentals are in demand.

On the way, I stopped in two Recorder's offices to get names and addresses of CASH buyers in two counties. Took 30 minutes each. Mail will go out tomorrow.

St. Louis Duplex 45% Cash on Cash Return! 3218 California Ave, Saint Louis, MO 63118

“Your 45% Cash on Cash Return Investment Property Is Ready To Start Printing You Money!”

http://youtu.be/QBjB-2L28dE

3218 California Ave, Saint Louis, MO, 63118

All our St. Louis properties are completely rehabbed with all systems upgraded.

100% Turn Key.

Brick Duplex with 2-2 bedroom units

Square Feet 2,376

One year leases in Place.

Rent roll is $650 per unit for a total of $1,300 monthly.

Gross annual rent $15,600

Monthly Rent per Square Foot $ 0.54

Cap rate 16.2%

Cash on Cash return 45%.

Professional Property Management in Place.

One year leases in Place.

One year home warranty.

Purchase Price only: $ 69,500

“In House” Financing available with a min of 20% down.

Financing Programs Available :

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