All Forum Posts by: Beau Pearson

@Jessica Zolotorofe yea being that it’s out of state, would be tough. He has a solid network and system there, since he has 100 units.

I will try to make this brief. So there will be a lot of details left out. A very experienced BRRRR strategist in the Kansas City area suggested him and I form a partnership. I am from Florida and like the market. The short version is he would handle managing the rehab and contractors etc, I would make an initial loan to the company and acquire both the short term money and long term refinancing money, as I can still get the conventional since I’m under my 10 limit. All equity and cash flow is 50/50. And whatever I make as a loan to company would be paid out first. The price range is like 60-70 all in numbers with ARV 85-95k. Cash flow maybe 125-200 per. My question is, is this worth it? Seems I’ll be taking on 6-700k in debt for not that much cash flow. There will be a lot of equity build up though. Thoughts?!???

@Dan Krupa I’m having trouble locating him on here

@Matt K. I’m pretty open. But, buying retail is not going to work so. I only own SFH right now. I wouldn’t mind looking st multi.

Tough market finding deals, I’m gonna see what the wholesale world has to offer. Anyone know of a wholesaler in the Kansas City area that they recommend?

@Dick Stevens thanks

For those who self manage, how often do you go to the property? It’s always a nerve racking thing for me when I go, as you never know what you are going to find. Just looking for some opinions.

Is it economical to purchase home warranties from companies like Home Shield for rental properties? Has anyone done the math on it?

I was considering replacing the sections that need replacement with chain link. Less maintenance and still good for pets. Also good for hurricanes. Overall a lower ongoing expense but it lacks the privacy.

I have two single family properties that both cash flow very very well. 3-400 after all reserves each. They both have wooden privacy fences. I live in Florida. I have spent at least 2,000 over the last 5-6yrs repairing each of them. Anyone have any thoughts? Seems like a stupid expense at a rental. When tenants leave, should I just take them down? Right now the rental market is incredibly strong, finding tenants is easy. I understand that this could change. Let me know. I don’t mind replacing appliances, AC units etc. fences just seem unnecessary. Would love to hear everyone’s input.