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All Forum Posts by: Cal C.

Cal C. has started 130 posts and replied 1566 times.

Post: Tenant to be deployed

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060
Originally posted by @Jim Adrian:

Request a copy of the orders. He should have no problem giving them to you. Federal law allows him to break the lease if you or him wants to.  If you keep him, I would write up an addendum to lease to allow you in the house every so often. Who will cover the utility bills. Get a local point of contact for him or add a family member just in case. I would video tape or photograph the house in case something gets stolen. 

 Can you please cite a federal law where a landlord is allowed to terminate a deploying tenant's lease?  

Post: Cost to repair a cracked slab on a ranch house?

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060

I second what @Cave Johnson get an estimate from a foundation repair company.  There are too many variables to consider.  I bid on a number of houses and I will not bid on anything with a slab issue, unless I can get a foundation repair company bid.  

Post: BRRR- On the Second R and just got my appraisal back!

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060

Congratulations!  But continue to ensure that what you are buying are deals and don't allow some unexpected funds to cloud your judgement.  

Post: Have you wholesaled a house on BP?

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060

I'm fairly sure that people have, but I'm not certain since I haven't bought one myself or sold one for that matter.  I've only wholetailed a couple of houses and I don't think BP was used to do it directly.  However, I'm certain that one of my wholetailed houses was sold to a buyer my realtor knew from BP.  

Post: Novice Wholesaler in Atlanta needing to Expand

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060

If you have a quality house under contract, then buy a BP plus/pro membership and advertise it on the BP marketplace.  You'll have just expanded your buyer's list tremendously.  

Post: How much have you spent on Real Estate Education?

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060
Originally posted by @AJ Ard:

I have spent tens of thousands on RE courses and hundreds of thousands on all types of educational expenses. In hindsight I have realized that cost and value can vary significantly. In the future I have been more selective in what I am willing to pay for and require a list of prior students to select a sample to discuss what the course did for them and their experience with the material. Many of the gurus will say unable due to confidentiality. That is an automatic reason to exclude them. I think the most effective way to utilize any educational information is to start small and boot strap the material and cost up if it is effective. If the material pays for itself than it has proven its worth. Additionally I think everyone should allocate a small percentage of income to educating themselves on their chosen fields. Maybe somewhere between 1-5% should be allocated to continuing education and consider like a marketing expense. Just my two cents!

 In many instances I'd agree with you about the 1-5%, particularly on the low side, but the very existence of BP almost totally negates the need to spend more than for plus/pro BP membership.   

Post: Alternatives to outrageous Obamacare priced health insurance?

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060
Originally posted by @John D.:

@Cal C. most companies/employers are paying less,  even without the "handout" some individuals are receiving.  And the Milton Friedman quote seems in no way related to the conversation.

 Please provide evidence that "most companies/employers are paying less." That is the opposite of all available information I've seen.  Here is just one example Kaiser Family Foundation 2015 Employer Health Benefits Survey.  Please look at Exhibit B, notice how costs have risen 27% in the five years since the passage of Obamacare, similarly to the previous five years.  However, when you compare those increase in costs to relative rises in inflation and worker's earnings, you'll see not only that health costs have gone up, but they are taking a larger piece of worker's incomes.   

Indeed, there is no evidence of the $2,500 reduction in annual healthcare costs talked about by the plan's namesake.  

Since we are talking about free stuff (handouts to get people to participate in Obamacare)  the citation is entirely relevant.  Somebody somewhere (or more accurately sometime since it will be future generations which will be paying for a lot of this) is always paying for the supposed free stuff.   The regulations and uncertainty associated with Obamacare have had a dampening effect on job growth, as evidenced by the low labor participation rate, granted there were a lot of regulatory initiatives started under this and the previous administration which contributed also.      

Post: Calculating profit after flip sells

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060

I also don't include taxes because of many of the reasons @J Scott mentioned but also other reasons such as FICA and state tax, it gets pretty complicated as j implies.  However,  I will add for someone deriving their entire income from flipping it would probably be useful to calculate the taxes.

Post: How much have you spent on Real Estate Education?

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060

Bump

Post: I'm looking for a coach who will show me all the tips of R.E

Cal C.Posted
  • Investor
  • Peachtree Corners, GA
  • Posts 1,638
  • Votes 1,060

There certainly are coaches out there but you'd be far better off reading the BP forums and blog posts and listening to the BP podcasts.