Posted by Jim IL on March 11, 1999 at 24:19:44:
First off, doing the deals and aquring many properties will not make you instantly wealthy. You need to create CASH first, cash flow later. But, do not pass on a good “hold” deal if you can get it and cover ALL your costs related to the property.
CS course gives you a good understanding of the terms and basic mechanics of the business.
But, frankly, ther are better courses and books offered that will help you actually do.(try Ron Legrand)
As for getting tenants. If the rent is right on market, and the home is in good condition, it will rent. You will usually have a minimum of 30 days before the first payment is due, so you can definately get a tenant to move in, pay you rent, and deposits, and then have your payment due as there second months rent comes in. So, your ahead a month.
Read the “How to articles” here and you see and learn ways to attract good tenants with a little low cost “sprucing up” of the units. Make it look GOOD!
Things like, new switch plates, nice light fixtures, and wall paper. Mini blinds help too. They cost about $4/each at Walmart, and look really finished. Make the place look REALLY nice and decorated and people will BEG to rent from you. Make sure it is clean too.
Good luck, and try Newsgroup one for more detailed advice,