All Forum Posts by: Chad Haubrich

@Eric Fung

I’m in the south so ceilings fans are a must in humid summers. I have fans with lights in all bedrooms and living rooms. Lowe’s has white fans for small bedrooms for like $29. Not that big a deal to me.

@Amy Miller

I would say like golf. Specifically the PGA tour. It’s you against the field, putting in the work means you have the best chances to win, but doesn’t guarantee it(you can have the right comps, numbers, preparation, and could still lose or not realize the full potential of a deal). Every now and then someone has a great week and wins, only to be never heard from again(the people who get lucky on a deal and think it’s always that easy). And there’s thousands talking about going pro but never do (the people who talk about wanting to be an RE investor, but never execute on it) And there’s a long life as a PGA pro many play for 20-50 years. (The RE game is a long term one and has all sorts of people at different stages of life competing for the same thing)

@John Lyszczyk

Depends on your goals and strategy. My dad got his GC license while he was in the military and did it on the side. Eventually we would buy houses to flip ourselves (my mom is a RE agent). He would also do small repairs that realtors leave until the last second. When he retired from the military he went full time flipping a couple houses a year, and doing small repairs, made 120k or so, and my mom matched that in sales. We have an investor who pays for the purchase, we do most the work ourselves which is more money in our pocket, and a profit split. We have multiple GC friends who do flips/rentals and repairs on the side too. It can be stressful but can’t imagine doing anything else now. One of our friends now has 10 paid off properties that bring in 10k a month, and still has his handyman business.

@Morgan Granger

We usually do granite, will last longer and looks better 🤷🏽‍♂️

Butcher block can look nice but needs a lot of maintenance. Needs to be cleaned, and oiled a lot. And can be cut/scratched easily compared to granite.

@Derrick E. I think it’s great tool that can help both parties out. You get paid, keep tenants long term, they get a breather, and a little boost in managing their money better (hopefully).

I’m in an area that has a lot of military, so this would actually work great here. They get paid on the 1st and 15th like clockwork.

@Mark Franks

Only ever used kwiksets on all my flips and houses, my childhood house still has the same ones that work flawlessly. Maybe it’s just a cheap one not meant to last like others mentioned.

@Jim K.

I’d recommend Danner or Thorogood. Both have boots made in the US, and models that are resoleable and re craftable. They’ll last you years with good care. If you don’t need steel toe then there’s plenty options from both. I’d recommend the Danner Bull Run, or Thorogood Moc Toe.

I’m in a small market and have been tracking some foreclosures. Like mentioned above, finding ones with a lot of equity is best. I usually search them on register of deeds site to see when and how much their loan was to gauge what’s owed. Getting it before it’s an reo seems to be simpler. We have a lot of homes damaged from Hurricane Florence that are foreclosing so those should offer some room for great profit. Also I look for estates in foreclosure hearings. They likely want to get rid of it quickly. In my state this usually closes the estate and keeps other debtors from harassing them for payment.

@Patrick Menefee great topic! My parents and I are getting back into REI, and they usually flip, but I always thought what if we kept those properties with 10 years of cash flow building each year. I think there's been great points about some properties are better flips than rentals.

@Alvaro Rodriguez

Depending on where you live, you should be able to find it on public record. My mom is a realtor so she can search the address and find the name and last known address usually. I would maybe find a realtor in your network who might be able to get those names for you. Otherwise you can use something called skip tracing to track them down, I’ve never done this. Other than driving for dollars, direct mail seems to be something a lot of people do. You get a service that finds vacant/old/distressed properties for you and send them a letter, email, or get their number to call.