All Forum Posts by: Brian Mathews

 Then the further out you go.   The home prices go down and the rents go down as well.   Rents are 2 years behind home prices.  

Ceramic tile

Tell him to go kiss your butt, he's trying to bully you because he's a "construction manager".    There is no reason you should have to install R8 duct in your house if it passed code when it was installed.   That would mean everything in your house not to code would have to be brought to code.   Such as the seer rating of the a/c.   Water heater, lights, etc...   This also means every house sold now would have to be, very unrealistic if not impossible from a financial standpoint.  Tell him this is the way the house is so take it or leave it.  

I wouldn't even spend the time to post on this forum about a buck much less bother him with it.   

Plan to hire at least a full time maintenance guy.   Maybe 2.   

Realistically without some skin in the game.  You're not getting very far.   That might be a skill to offer somebody.    Nobody will lend you money if you have no experience without you coming up with some money.    Even if you have a lot of experience, you won't get many people to lend you money without you having it.   Think about it from a lenders perspective.  If a random person comes to you to borrow money and you didn't know them from Jack.    Would you lend them your money?   What would it take for you to trust them?   That is what you need to do.   You can try wholesaling, but without some level of experience in real estate and a little more than a fundamental understanding, you'll likely get taken advantage of.   Get some education in real estate first.   

I'm an hvac contractor and from what I've heard.   The a/c doesn't make any difference.   However, since you'll be renting the places out, do you want to eat the repairs later or replacement now?

 I couldn't agree more.   I've dumped a few bottom feeders this year that wanted me to work for peanuts.    I don't overcharge, but I charge enough to hire quality people and make a decent living.  

Good luck on your purchase around N. Lamar area.   Make sure you screen your tenants properly and fix your place up to attract better tenants.   Most of those apartments as I recall are lived in by illegal aliens or undocumented workers, so it might be difficult to attract a better tenant.     Keep a healthy amount of cash on hand for repairs.   Hopefully you bought one of the nicer units. 

Sounds like you don't like her much.   Maybe the first 3 weeks she was busy with life.   You're 5 minutes away and its the only issue she's had.   You should have told her to come to you to get the key since you're so close.