All Forum Posts by: Ben Mizes

@Perron Riley sure! I'd like to check out the property as well. Shoot me a message and we can find a time

@Max Householder This is good advice. These tenants already have storage in another room. Where do you recommend we market the storage facility?

@Dan Hoehn This is in ucity. We've never seen anything like this either. It's under the house. There is a second one that's smaller in this building as well. The building is 7154 Amherst Ave if you want to look it up.

@Tony Gunter The apartment already has 3 rooms with storage (it's 6,000 square ft), but that is a good idea!

I'm going to look into the zoning, but I doubt additional units would be allowed.

My business partner and I took the plunge and just closed on our second 4plex, and first property that needs a substantial rehab. We're happy with our contractors for the roof, sewer, windows, and kitchens, but we're not quite sure how to handle the garage.

We're thinking that if we did a motorized sliding door we could fit 2-3 cars, but we're not really sure if that's the best way to go about it. If anyone has any experience with this I would really appreciate some feedback.

Here are pictures of the garage. https://goo.gl/photos/Dm4NeZnU6wQZazdZ8

My business partner and I just put 3902-3904 Shaw Blvd under contract. We got it at a good price, and are in negotiations to drive the price lower. 

https://www.coldwellbankerhomes.com/mo/saint-louis/3902-3904-shaw-boulevard/pid_16632544/

If you're interested in taking the contract send me message, and I can send you close to 200 pictures. We can work out the details from there. 

I always bring a couple contractors during my 5 day walk-through period and get their bids on rehab. If their bids are reasonable I will move forward with the inspection for termites, sewer, and radon.

 I'm fairly new to real estate investing, but I'm already on my third deal since I started in January, and this system has been working for me. It's saved me from losing $500 on a couple homes I was under contract for and backed out of.  

Thank you all for the feedback. I've got a lot of calls to make!

I'm working with a couple institutional clients, and I was just asked to help them find a lot of homes in Texas (specifically the Dallas Fort Worth area)

Anyone have any wholesalers they can connect me to?

Thanks!

It's right around $970. One of the common mistakes people make with the 50% rule is using the number Zillow gives for mortgage payment that include PITI, instead of just the payment.