All Forum Posts by: Account Closed

I would be in as well. I'm in Stillwater.

@Jared Viernes this sort of thing is common. Like many others have said, a quick sale may be in the clients best interest, over and above the best price their agent could get. Keep in mind too, that you work in the best interest of YOUR clients, not other people's. If another agent isn't doing their job and your client (possibly your LLC) stands to benefit from that, who cares? You don't represent them; they have their own.

Your approach is the right one though. Especially if you are looking to be in Real Estate for the long term, a good reputation is worth a lot.

@Gita Faust it looks like Hubdoc only exports to Quickbooks Online. Are there any phone apps you recommend for receipt scanning that work with QB Desktop?

When you are doing all the work, you are trading your hours for dollars, just like a job.

When you start to hire more people who work for you, you are trading other people's hours for your dollars.

 Yes that seems very aggressive. How are you finding paint labor that inexpensive?

I like to see at least $25k in profit to make it worth my while. If the property is more expensive, or the rehab more involved, I'd like to see more.

I've also noticed other guys paying too much for investments. Some newbies, some guys who cut corners, or others who just want to rent them out and aren't as picky about ROI as I am. It does get frustrating getting outbid, but I'd rather be frustrated not having a deal than get into a bad one.

@Brandon Hardy you did a great job! I the design you chose; great curb appeal.

How have these "pop top" projects been going for you lately? Are you more just taking the houses down and building new at this point?

Welcome to the world of REI @Ryan R.

Thanks for that report @Andy Schornack, great information. I've thought about investing up in Duluth, but I think that's a few years away for me.

Hi @Matthew Ward

I've got a reno going now in the twin cities, and looking to pickup another soon. Biggest bottleneck for me right now is finding enough guys I trust to keep the projects moving forward.

Would you like to grab a coffee and see where things are at on my current project?

The first things I look for are:

1. Neighbors - I don't like things I can't control, and this is one of them.

2. Roof line, general structure of the home (exterior looks plumb? Drainage, etc.)

3. Once I get inside I always look first under the sinks, especially in the kitchen. There so much opportunity for small leaks to create bigger problems.

4. Head down to the basement to look at foundation/mechanicals.

From there, I'll start doing a more itemized look at the home if it seems like there may be a deal. Curious to see how other investors initially size up a potential property.