All Forum Posts by: Audrey Ezeh

 Looks great!! Did you paint the brick? 

 Hi Ryan, what brand of locks do you prefer? Thanks!

Thanks so much for the great information @Jason Hsiao. We are in the very beginning stages of this yet and nothing has been agreed upon so I needed as much information as I can get so if or when we decide to move on it I can be prepared. Right now, I have a land problem and they have an ROI problem so I think we can make this work. I am doing my homework on the things Scott mentioned and I anticipate this will be a slow process but hopefully everything falls into place and we can cross the finish line :) Thanks again!!!

 Thanks Jennifer, I appreciate that! Yeah I tried to be as kind as possible but firm. He did get the message and a couple of days later he paid partial rent (via cozy) and told me he had the rest in cash. I told him unfortunately I do not accept cash and he went to my bank and paid it the very next day. He is only 18 and boy he is discovering that 'adulting' is very hard lol so I am trying to be kind to the kid. I told him he is young and he can hustle so if he needs to, he can get a second job so he can sleep easy knowing he can meet all his obligations. 

On a side note, the mailbox is in bad shape and not very secure and I kept forgetting to go replace it. He told me his mail was on the ground that day and I ran out and bought a new mailbox, a new 4x4 post, painted it and installed it in 2 days. He was falling over himself with gratitude and surprise. I told him listen, you have your responsibilities as a tenant and I have mine as a landlord and he seemed to appreciate that sentiment. 

Anyway...so far all is well. Speaking of adulting, landlording ain't easy either as I am discovering :)

Thanks Scott, I will get more information from them and get back to you asap!!

Hello everyone,

I came across a piece of property that has been flagged as a nuisance by my city. It is a boarded up 3b/2ba but this thing is sitting on 2.2 acres of prime real estate. I have been exploring new home builds for a while since my excellent GC offered me a game changing price/sqft on construction. I reached out to the land owners and they said they still owe a lot on the land, cannot do owner financing but they are open to a JV. They are both out of state and have owned this land for 10yrs now. They are both busy and cannot take on the project. They have been really reluctant to let go of it because of the really good location. He said they are open to a JV and will even let me keep a majority of profits since I am local.

My question is how do you go about structuring a JV like this where every one wins? They have the land and the experience, I am local and will be supplying the builder who does high quality work but is hungry to grow his business so is willing to work at wholesale prices?

Any input will be appreciated.

Hello everyone,

I came across a piece of property that has been flagged as a nuisance by my city. It is a boarded up 3b/2ba but this thing is sitting on 2.2 acres of prime real estate. I have been exploring new home builds for a while since my excellent GC offered me a game changing price/sqft on construction. I reached out to the land owners and they said they still owe a lot on the land, cannot do owner financing but they are open to a JV. They are both out of state and have owned this land for 10yrs now. They are both busy and cannot take on the project. They have been really reluctant to let go of it because of the really good location. He said they are open to a JV and will even let me keep a majority of profits since I am local.

My question is how do you go about structuring a JV like this where every one wins? They have the land and the experience, I am local and will be supplying the builder who does high quality work but is hungry to grow his business so is willing to work at wholesale prices?

Any input will be appreciated.

I don't know if you still need help but i find property managers to be a great resource. I call when i have questions and they are pretty good about answering. One of them does 3rd party evictions for $450. I hope i never need that lol! Good luck!

 I invested in timber ETFs for a while a few years back. It was not a home run but I certainly didn't lose money! I since sold and bought individual stocks...lost some money on some positions but made a lot more on others. Now I've transitioned to putting my money in a super low cost S&P 500 fund (costs me 5 dollars a year for every 10k I have) and of course RE!

Hi @Taye N., there is actually a forum dedicated to all things airbnb and short term rentals. Look under 'forum categories.' And yes it is very profitable :) Cheers!