All Forum Posts by: Brett K.

There is a deeper issue at hand. Yes, RE investing can help you achieve your financial goals but so can day trading. But neither one can take the place of your passion. You may come to enjoy it but if you don't you'll end up with a new endeavor that will give you that familiar sensation of blowtorching your head with an added detriment- the risk of loosing your arse financially! Unless your job has you in a pair of golden handcuffs why not bail and get a job that will indulge your passion? Why take another step away from what you want to do? If your pockets are deep enough dive in and do a deal to see if you like it. If you don't well, life is short. Cheers to ya.

I'd probably try to sit in on a "How to get the most out of BP". I'd love it if you could put it on Youtube. That way if I can't sit in live I could still watch it.

Brian & Michael, thanks for your insight. If anyone else has a different solution or philosophy I'd like to hear it.

Regards,
BK

I don't have a handyman bone in my body and I have no interest in learning that side of the business.

I've found a great contractor and I'm trying to figure out how to align our interests for future projects.

He bid this job and I can tell he's knocking himself out keep costs down and do a terrific job. I want to keep him around and keep him happy. I prefer to work out a relationship where his interests are aligned with mine... that is keeping costs down, creating value, and maximizing my resale profits.

As it is, even a good GC (honest, talented, etc.) has to worry about his own profit incentive first.... then the property owner's .

I put this guy in business by loaning him the start up money. He does great work and knows how to think on his feet. Should I bring him in-house, that is make him an employee and pay him hourly/salary and give him a bonus when the property sells, or is there a good way to arrange a relationship with a GC to keep my profits in mind too?

Thanks
BK

For the last 15 years I've made my living appraising residential properties but I'm burnt-out.

I'm new to investing but I'm going to try to make my living at it.

I'm an opportunist. I don't care what type of deal I do as long as the profits are large enough.

My 1st deal is a little 980 sf house I just picked up for the site value in an area with more demand than supply. I paid cash for the property and the rehab costs. I won't double my money but I won't be far from it. Let's hope finding this deal wasn't just dumb luck.

I'm Looking forward to learning new strategies and insights from seasoned investors.

Cheers from the Derby City.
BK