All Forum Posts by: Aaron Bihl

Katrina White and her team at allegiance (formerly Excel) are great

I would need to look up the reference with the city but I believe ADUs are allowed with any residential zoning.  I can’t remember the specifics but it gets tricky with renting the house and the adu seperately, but that may only apply to short term rentals. 

I had a better understanding when I was dealing with it at one of my houses but it’s been a while now.

pretty much everything @Mark Buskuhl said.

A flood zone wouldn't scare me if the deal was good enough, but if it's something that you are flipping you always have to think of it with the end retail buyer in mind.  And a number of them will be scared by a floodzone even if its a calculated cost and makes sense.  There are certain things that make retail buyers scared.

It looks pretty high to me.  I have one I'm doing now that same size and similar scope of work and I'll be all in around 50k.  I'm not replacing window but did repair the foundation.  

The roof for 15,500 would be enough for me to be like no thanks.  

The guy I use is around 3.50sqf installed for lvp and 1.00 sqft installed for carpet.  Let me know if you want his contact 

I’m going to go against the grain and say you should learn how to find an off market deal.

The method will depend on budget and preference, but once you realize if you buy good enough deals you don’t need down payments that’s a game changer.  

If I were you’d I’d download something dealmachine or something similar and start driving for dollars and coldcalling.  Or pull some lists of propstream and cold call. 

I have quite a few thoughts on the topic but will try to keep it rather brief.  I've been in several of these groups and amongst my network probably know someoen who has been in 90% of the real estate masterminds that exist. 

I think they definitely serve a purpose and I joined Ryan Dossey's group about two years ago and its the best money I could have spent.  I was in a situation where I had done a few offmarket deals but wanted to figure out how to go direct to seller because those were the most desirable deals.  I joined that group because I needed an example of people who were buying off market deals and weren't sleazy and actually cared about people.   Before I joined that mastermind I had done 3 deals my first year, to the year i joined to 40+ this year, and the spreads on those have consistently gotten larger as well.  But even more than that I've made great friends in the group and have an awesome community there. 


That being said, I've done other masterminds where I'm not fully bought into their group and calls and community and just simply joined to learn a specific strategy and have access to resources around that.  Which is fine and I think they can serve different purposes.  And there is another group I'm in that doesn't put out a ton of content or really sell anything but it's a ton super knowledgeable, super experienced investors that can help with anything. 

I think all the points on it being hard and most people will fail, etc are interesting.  So much of this business is mindset.  I'm in a competitive market (we have a ton of wholesalers and every ibuyer that exists) but there are plenty of deals to be had and no one is going to keep me from getting deals.   With that too, having been in a mastermind group for a while you can quickly pick out who is going to be successful by their approach, their interactions, their mindset, etc.  There are also people that join and expect the work to be done for them and it just doesn't work that way. 

In the world of gurus and masterminds and all that jazz it can be tough to sort of out what's real and what's not.  I think there are definitely groups out there that are well worth the price of admission and many times can help you get where you want to be faster.

Corey, 

Not a fan of rentwerx
I’d reach out to Sam at tucker and company realtors.  If stop self managing that is who I’ll use.  

If I were you I would buy a place to househack.  Then learn how to find your own deals off market.  Or switch the order on that, but I believe finding your own deals would be the most critical thing you can learn right now that will help you achieve financial freedom fast. 

@Jerry Puckett I could see that.  Amongst the few counties I primarily work in the data varies quite a bit.  Some of my counties are super detailed on the data input (property type, property use, etc) whereas others there is very little.