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Пікірлер
@reyesfambam6682 20 сағат бұрын
Jake I don’t have no seller
@emersonpm 17 сағат бұрын
Wut?
@AberrantArt 5 күн бұрын
How do you get the money to buy rentals? That's my dilema. Flipping is my proppsed solution.
@emersonpm 4 күн бұрын
That's the million dollar question... Flipping isn't a bad way to generate extra income but it takes experience and you can lose a lot of money if you don't know what you're doing. I wouldn't go the flipping route unless you have some previous experience or partner with an experienced investor
@J0SHOFFICIAL 9 күн бұрын
Hello bro, I just renewed my lease for my house in California. 22 I signed for one year at this house, same as Last year and it was in October both times. Today I signed for a renewal lease which is June. My lease is still intact until October right ? And I shouldn’t have to pay new prices until after the 12 month mark ? Because I’m in month 7 of my lease right I just signed in October. Also if I have a roommate who wants to leave their move out date will be October too right ? I’m excited but also a little confused if you have any insight please let me know
@emersonpm 8 күн бұрын
Hey man, typically when you renew your lease, the new lease terms start after the end of your current lease. As far as roommates are concerned that should be laid out on your renewal if that included your roommate or not. Sorry it's hard to be 100% sure without the lease. Hope that helps!
@MrMaytay 10 күн бұрын
Funniest moment. Low blow to the boomers less than a min in. haha
@emersonpm 10 күн бұрын
Love the boomers but the truth hurts!
@yaoyaomao3182 14 күн бұрын
Thank you for the information. How do you ask leasing office to do a touch up paint for 2 small spots after 2 years rental during renewal process?
@emersonpm 13 күн бұрын
Simply tell them you're interested in renewing but you would like the paint touched up before you resign
@sg7914 16 күн бұрын
Depreciation recapture sounds expensive
@emersonpm 16 күн бұрын
Exactly! Accountants love to sell you on it but it's not a silver bullet!
@ydocc3374 18 күн бұрын
Another insightful video!
@emersonpm 18 күн бұрын
Thanks for watching!
@lekien3400 20 күн бұрын
Im trying to get in wholesale industry. Quick question:can you use purchase and sale contract to but deal under contract? Or u have to use trec contact do you have to be agent to use trec contract? Thanks you to answer my question
@emersonpm 20 күн бұрын
#180 - Do I have to use the TREC contract to wholesale? kzfaq.info/get/bejne/qMpneJiJ1rO6YHk.html
@flowerchild1694 25 күн бұрын
So to be clear, the money goes into Obligo's account, but us supposed to be returned to the tenant after move out?
@emersonpm 25 күн бұрын
The monthly fee goes directly to Obligo. After tenant move out, and we complete the charges against the security deposit, Obligo sends us the money for those charges up to the SD amount
@ptnguyen1812 26 күн бұрын
Hey Cameron. Great video. May you please share the agreement template please?
@emersonpm 24 күн бұрын
Happy to! Shoot me an email [email protected]
@ScottyBennitone 26 күн бұрын
as a tenant this is a bit of scam no money upfront.. yeah ok.. 1 1/2 years in been charged 600 so far with that amount going to go up another 240 by end of lease next year... "service fees" So almost 1k dollars on a 2600 dollar deposit that I thought worked off of a good credit score. Avoid obligo and pay up front , its a ripoff.
@emersonpm 26 күн бұрын
I agree, I definitely wouldn't utilize the service if I was going to rent a place for more than a year, but it's always nice to have options if you're tight on cash.
@pushap137 28 күн бұрын
What do you think about a duplex in 77088 for cash flow. Good rental market?
@emersonpm 28 күн бұрын
Acres Homes is a rough area but that area is gentrifying
@pushap137 27 күн бұрын
@@emersonpm thanks. Would you recommend any other zip codes good for cash flow that have duplex-4plex?
@emersonpm 27 күн бұрын
Unfortunately Houston wasn't built with a lot of multifamily properties. If you want cash flow look in Texas City, Baytown, or Pasadena. If you want overall wealth, then look at Katy, Spring, or Heights. There are a lot of solid areas in Houston - it just depends on what price you buy the property. Remember, it's better to have a great property at a decent price than a crappy property at a great price. Best of luck!
@pushap137 26 күн бұрын
@@emersonpm thanks but I didn’t really find anything in Texas City, Baytown or Pasadena. I’ve been looking at multi family new construction in the 400-600k range. I see a few in 77088, 77021, 77028. Most seem to be in 77088.
@emersonpm 26 күн бұрын
those are the transitioning areas so not proven track record of cash flow or appreciation...
@shealyl478 Ай бұрын
I'd love to review a copy of your lease agreement. I'm specifically interested in the wording of the lease renewal options discussed in video # 312. I emailed the address provided but it bounced. How can I reach you?
@emersonpm 29 күн бұрын
Sorry about that! [email protected]
@joselima5842 Ай бұрын
What were the "repairs" for 13,000? Interior pant?
@emersonpm Ай бұрын
It was cosmetic - paint, carpet, appliances, hardware, etc
@MagicMane-dn5hp Ай бұрын
I don’t see the link to the full video
@camerontope7632 Ай бұрын
Sorry about that! kzfaq.info/get/bejne/b69_gc94tLW3nIE.htmlsi=u7t3C3Z5GZtjI4Ok
@emersonpm Ай бұрын
How about now?
@MagicMane-dn5hp Ай бұрын
@@emersonpm I see it now, thank you!
@emersonpm Ай бұрын
@@MagicMane-dn5hp Great! Sorry about that!
@anubha6453 Ай бұрын
Is it windwong ridge or windsong rigid by nucore? I couldn't ifnd windsong ridge on the FD website.
@emersonpm Ай бұрын
Floor & Décor Windsong Ridge 100193135 NuCore Waterproof That number is the product number. Hope that helps!
@anubha6453 17 күн бұрын
@@emersonpm Both FD LVPs have been discontinued :(
@i60rl26 Ай бұрын
Very helpful, thanks
@emersonpm Ай бұрын
Happy to help!
@steveklemetti8035 Ай бұрын
Why do you need to do anything? It's the seller's house. It will always be the seller's house. A contract will not change that.
@emersonpm Ай бұрын
I'm not sure I follow your logic here. You have the right to enforce the contract that was signed. Do you regularly sign agreements then don't follow through?
@steveklemetti8035 Ай бұрын
@@emersonpm The house means something to the seller, but it's just a place to live for the buyer. The buyer can fine another one. Agreements are entered into because of emotion. Emotions change and that is what is important.
@emersonpm Ай бұрын
@@steveklemetti8035 I'm sorry but that makes absolutely no sense. Emotions can change but that's why contracts are written, reviewed, signed and in some cases notarized.
@steveklemetti8035 Ай бұрын
@@emersonpm So you are saying that people should end up unhappy with the results?
@camerontope7632 Ай бұрын
@@steveklemetti8035I'm saying that people should take entering an agreement seriously and if they're unhappy with the agreement, then they shouldn't have entered the agreement in the first place, or take the steps to terminate as outlined in the contract
@AberrantArt 2 ай бұрын
Id like to hear more about how its possible for the tenant to take back past payments. How can i be avoided?
@emersonpm 2 ай бұрын
Great question - this warrants an entire video. Stay tuned!
@ian9113 25 күн бұрын
Interested in that too! Awesome to see you interviewed Grant!!!
@AberrantArt 2 ай бұрын
Rare to see quality real estate content that's not someone bragging and telling you it's easy of we buy their course. Thank you!
@emersonpm 2 ай бұрын
Really appreciate that! Nothing to sell but our services!
@bmp713 2 ай бұрын
How much does it typically cost to get an 1100 square foot 2BR condo rent ready? Can you give a ballpark range?
@emersonpm 2 ай бұрын
Good questions but it totally depends. Here's another video where I break down the most common repair and maintenance costs kzfaq.info/get/bejne/i6lgfaqYmLqaoKM.html. Hope that helps!
@jlmckee90 2 ай бұрын
How do we add a ballon payment clause to the contract.. Is it not necessary?
@emersonpm 2 ай бұрын
Good question! I haven't had to add the verbiage to my addendum because the contract stated want would happen at the end of the term. I think if you review the contract, you'll see you'll be covered for most situations. Best of luck!
@davidworker4053 2 ай бұрын
I’ve been managing my own properties for 7 years now and am very excited to start using a property management software. Still deciding which one I will go with right now. This video gave me wise guidance on what features to look for, thank you!
@emersonpm 2 ай бұрын
Appreciate the kind words and glad to help!
@ignent2 2 ай бұрын
Hey Cameron, I don't know if you are still accepting a mentee because this video is pretty old, but I think I have the qualities you listed in the video. I am also looking for a mentor. So if you are still taking mentees, I would love to connect. If not, no worries and thank you again for all the content you put out!
@emersonpm 2 ай бұрын
Shoot me an email and we can discuss further. [email protected]
@ignent2 2 ай бұрын
@@emersonpm Just emailed you!
@ignent2 2 ай бұрын
Hi Cameron, I know this is a really old video. But I was wondering if you also account for vacancies when running the numbers? I usually put 5% of rent for vacancies and did 10% of rent for CapEX. I only put 10% of rent for PM fees, but maybe that was too optimistic seeing as you put 16% for PM. Would love to hear your thoughts! Thank you so much for the videos and your calculator. They are a big help!
@emersonpm 2 ай бұрын
Great question! I don't like using a percentage to calculate capex because an AC system is the same price in a 50k property as a 500k property. As far as vacancy, I lump that in with my PM expense of 16%. Normally a PM company is going to charge you ~10% plus the lease fee. As long as you have tenants that renew at least one time (we have an 85% renewal rate) then your vacancy should be just 1-3% percent - thus the 16% for PM and vacancy should be conservative. One big caveat, if your property is in a C or D class area then vacancies can be extended so you might want to add 5-8%. However I strongly advise you stay away from anything lower than a C+ area. Hope that helps!
@ignent2 2 ай бұрын
@@emersonpm That was very helpful and makes sense! Thank you for the insight!
@emersonpm 2 ай бұрын
@@ignent2 happy to help!
@myobligo 2 ай бұрын
Cameron, thanks so much for making this video! We're thrilled you're experiencing all the value of Obligo 😁
@emersonpm 2 ай бұрын
Thanks for being a solid deposit free option for our residents!
@SnickerToInvest 2 ай бұрын
So many days and weeks on trying to figure out how to get the Ltv. This whole time it’s just 80% of the arv (appraised value) of the house. Thank you for this video
@emersonpm 2 ай бұрын
Happy to help!
@emersonpm 2 ай бұрын
Happy to help!
@VictoriaMiller-bb8zo 2 ай бұрын
Hello ! I just moved to texas and I am starting wholesale, If you are an investor can I send you some homes? If not am I allowed to work with you? in some sort of way I need some help, and I feel as if you are the one that I can connect with and help me on this path.
@emersonpm 2 ай бұрын
I would send your deals to Senna House Buyers. They're a local wholesaler that I trust. What do you think you need help with?
@zebadiahfranklin4058 2 ай бұрын
Very good info here.
@emersonpm 2 ай бұрын
Thank you sir!
@ydocc3374 2 ай бұрын
Very helpful! Thank you.
@emersonpm 2 ай бұрын
Happy to help!
@lazypanpan 2 ай бұрын
I’m a first time home buyer , what’s the best option to investment in houston now days ? Should I wait for interest to come down first ?
@emersonpm 2 ай бұрын
What are you trying to accomplish?
@bmercer910 3 ай бұрын
How long did the refinance process take
@emersonpm 3 ай бұрын
When I was doing it almost a decade ago, 2-3 months. Now there seems to be 6-12 month seasoning periods where the bank won't let you refi.
@chendakala 3 ай бұрын
But when an applicant see that on zillow history that price cut happening every week on same unit, that might make you look desperate. Doesn't it ?
@emersonpm 3 ай бұрын
It could but in our experience having the property on the market for more than 2 months makes the owner look much more desperate
@chendakala 3 ай бұрын
How to get emergency line service. Any recommendations. Thats what i need
@emersonpm 3 ай бұрын
There are several companies that specialize in emergency calls for property management companies, but they're expensive for just a few properties. If you only have a couple doors I would pay a friend or contractor per call to handle the emergencies.
@Charles-tv6oi 3 ай бұрын
Should a lease renewal have original date you moved in? And would that effect anything if you were there longer than other tenants ?
@emersonpm 3 ай бұрын
I think a lot of folks just sign a renewal addendum but we sign a completely new lease with the dates the new lease and terms apply. I'm sorry but what do you mean by your second question?
@mitchielou9622 3 ай бұрын
Thankful I found this channel!
@emersonpm 3 ай бұрын
Happy to help!
@user-hv3eq7fu8t 3 ай бұрын
Using Seller Financing Addendum Where to include the HOA to be responsibility to pay dues and follow restrictions ?
@emersonpm 3 ай бұрын
In Texas there's a separate HOA addendum
@mooreteamrentalsllc8734 3 ай бұрын
Thank you for the video. I wanted to know if you put any disclosures in your lease agreement when you started using Obligo? Any disclosure or acknowledgements for the tenant to initial?
@emersonpm 3 ай бұрын
Yes, Obligo provided us with the disclosures to include in the lease. What company are you thinking of using?
@mooreteamrentalsllc8734 3 ай бұрын
@@emersonpm We use AppFolio PM and they offered Obligo to us an option. We are going to give it a try.
@Learnitall001 3 ай бұрын
I have 17 homes, i am tired of PM company and want to switch to a software where i can manage properties remotely, which one do you recommend? Thanks again for the advice and the video. Awesome points.
@emersonpm 3 ай бұрын
I personally went with Buildium with about a dozen homes and we still use them today with over 250
@darrenupprealtygroup5742 3 ай бұрын
Amen and amen!
@emersonpm 3 ай бұрын
Thanks Darren! Hope you're doing well!
@hwilfley 3 ай бұрын
Which one is the best for renting out a house by the bedroom?
@emersonpm 3 ай бұрын
I've never rented places by the room so I'm not much help. Sorry!
@mohanshivdasani2885 4 ай бұрын
Great deal! The big issue is current interest rates are at7%! Though to get a positive cast flow at current rates
@emersonpm 4 ай бұрын
True! Are you looking for cash flow day 1?
@bsulka440 4 ай бұрын
Such a great video and super helpful. Love the David Goggins book too. Stay Hard!
@emersonpm 4 ай бұрын
Thanks man!
@sheritacotten5293 4 ай бұрын
great question find a mentor or coach in your local area learn and earn bring value to him or her
@emersonpm 4 ай бұрын
Exactly!
@AberrantArt 4 ай бұрын
More Standard operating procedures please! Love this stuff.
@emersonpm 4 ай бұрын
What other SOPs would you like to see?
@AberrantArt 4 ай бұрын
@emersonpm I bet you could make it a series if you wanted to, but it would be great to see the process going from - just got a property purchased. Step A) what you like to add or update on your rentals (tenant proofing) all the way to signing the lease and move in day (Step Z). Examples: A) update and get rent ready, B) advertising the rental, C) tenant screening process, D) showings, E) Selecting the right tenant. F) walk through (like you did here), G) What you include in your lease agreement, H) move in process... like a comprehensive A - Z starting from once you purchased the new property to the move in day.
@emersonpm 4 ай бұрын
Love this! I'll add it in. You probably won't see it for a few weeks because I'll be creating the content. Stay tuned!@@AberrantArt
@AberrantArt 4 ай бұрын
@emersonpm That's awesome!! Looking forward to it. 🙌
@DiqaunColeman 4 ай бұрын
Love the energy bro!
@emersonpm 4 ай бұрын
Lol thanks man!
@MobDeep53O 4 ай бұрын
What parts of Houston would be great for section 8?
@emersonpm 4 ай бұрын
Couldn't tell ya. We don't manage section 8
@ignent2 4 ай бұрын
Very interesting to see the data. Thanks for gathering the data and giving us your thoughts. The biggest downside I see of renting even if it is cheaper, is that you don’t get all the benefits of owning real estate (principle pay down, appreciation, tax benefits, etc.) 😁
@emersonpm 4 ай бұрын
Agreed! Just make sure you can cover any unexpected expenses like a roof or AC. I think that's where people get in trouble
@tb808 4 ай бұрын
Good strategy but those monthly returns are low. One eviction and you’ve lost all your annual returns
@emersonpm 4 ай бұрын
True but I got a house with no money out of pocket. And how much do you think it's worth today?
@harrietmoser7623 4 ай бұрын
What if you are a landlord who uses a property manager - will these softwares work also?
@emersonpm 4 ай бұрын
Good question! If you have a property manager they should be paying for the software and provide you access. If your PM isn't using a PM software then fire them immediately!