All Forum Posts by: David Soest

Thanks for the advice everyone. 

I think I will just have to take it one property at a time and do what makes the most profit at each step.

I'm curious to see what other people would do in my situation. Actually I'm not 100% sure what to do so I would like others opinions.

We finally got to a point where we can pull $70,000. cash out of our primary home. 

I was thinking I would buy a cheap house, fix it up and rent it out, then get a loan on it to do another, and just keep going from there until I had all the rentals I needed. 

Option two would be to buy cheap houses, fix and flip them and after I had enough money to pay cash for the rentals just buy one say every two or three flips. No loans, I could own them all debt free.

I have my own workers for most of the work so fixing them up would cost me a lot less than hiring another contractor. 

Thank you in advance for your input.

Not sure what "turnkey" is but after reading this I will sure stay away from it if ever offered.

I'm no expert but I would guess not much.

Every disclosure I ever filled out said, " to the best of your knowledge" and every inspectors report I ever saw said at the bottom, something to the effect that if they miss something you can not hold them liable.

Maybe some one who knows more will post a reply.

Good luck.

I'm curious, what was wrong with the property?

not sure about the east

Coast buy that does sound really high.

I'm in La Marque Texas.

Does anyone have a good idea of what would be a fair price to have tile installed on the bathroom and kitchen floor and also on the backsplash in the kitchen?

A price per square foot?

I got one price of $6.50 per square foot, sounds a little high.....?

This is for labor only, me buying the materials.

Cool,  let's see if there are any others.

Date, time and place could change to fit everyone's schedule.

Is there anyone else in the Galveston, La Marque area of Texas that would be interested in getting together to talk about what you've done or what you want to do in REI?

If so let me know and what day of the week would be best for you.

Coukd you let me know when the next special is?

Thanks