All Forum Posts by: Beth Davidson

@Tiffany Roberts I appreciate your honest share. I am a newbie and I can't help but wonder if there are many people like you who wake up one day and think "What have I done? I own all of these properties that I don't like." The themes that I am picking up from the discussion outline a few possibilities:

1. sell and upgrade to better properties, better, PM, better systems.

2. Upgrade your PM and systems and hold the properties

3. Stop being a landlord and find another avenue within the REI marketplace.

I think if it was me, I would hold the properties and research better systems. Maybe you need to upgrade the properties to prevent some of the headaches? I don't know.

I wish you the best!

Beth

4 Votes

Ann Arbor, Michigan

Congratulations @Sean Jarrett. Thanks for sharing with honesty!

0 Votes

Denver, Colorado

Hi Mike! Nice to meet you!

0 Votes

Baltimore, Maryland

I really like this idea.

0 Votes

Quote from @Blake Lewis:

Thanks Rafael for sharing! I'd love to connect with anyone that wants to learn more about PadSplit!

I want to learn more about PadSplit. I'm interested in the Richmond, VA market.

0 Votes

Welcome Zach. You have an intriguing plan. Best of luck!

0 Votes

Denver, Colorado

@Alex Mitt, thanks for sharing you experience. Since I am a rookie, if, or when I find myself in your position I will hopefully remember this discussion and not lose hope.

0 Votes

Quote from @Eliott Elias:

Buy within a hour radius of where you are, you could find a great deal in the middle of Oklahoma. But you will not execute, it will drain you if you do not have a solid team. Take advantage of your market.

I am coming around to the idea of investing close to home. At least to start, I think that is what I am comfortable with...

0 Votes

Washington, DC

Quote from @Carini Rochester:

To get this idea approved by the municipality you will need a civil/site engineer. Don't do every little piece on your own (for example you mentioned getting the topo work done. Don't do it. Hire an engineer and let him/her do the whole thing.) You mentioned getting a design so you could get drawings. Don't make it a two step process. Hire an architect who will both design and produce the construction documents. Many of your questions have to be answered by the planning department at the city/town hall, or by your engineer who is familiar with that city/town. Try to find an engineer who does a lot of business in that city. Maybe review the agendas from the last few planning board meetings in that city and see if one or two engineering firms get mentioned several times. That would be the firm to go with.

Good sound advice.

0 Votes

Houston, Texas

It costs $400.

0 Votes

All Forum Posts by: Beth Davidson

Beth Davidson has started 1 posts and replied 16 times.

Post: I hate my rentals- should I just sell and be done with this game?

Post: Pulled the trigger...now what?

Post: Financial Partner Interviews

Post: WiscoREIA Sheboygan: Introduction to a Mastermind Group!

Post: PadSplit Short-Term Rental

Post: New Member Intro

Post: Bad deal - what should I do next?

Post: What is the right place to start? (not expecting one answer)

Post: Land development for Multi Family

Post: Rich Dad's Cashflow Blueprint