All Forum Posts by: David C.

Maybe you could sell it to that neighbor?

Previous thread:

https://www.biggerpockets.com/forums/52/topics/75405-exterior-water-faucet-required

@Arthur Banks sorry for the confusion, I'm actually not an investor, I was just repeating what I had seen mentioned here on a previous thread.

I suspect based on the neighborhood, maybe the lawns just go unwatered, and the tenants must use an automated car wash, or one of those places where you feed in quarters to get soap an water.

I'd be curious to hear from landlords who don't have external water, what happens to your landscaping?

My profession is consultant, so I'm good at repeating what I just heard with an air of authority so it sounds like my idea and taking the credit for it :)

@Dan Holden

those annoying hairs are just the motivation you'll need to keep going. Maybe you can trim them when you have an accepted offer. But full grooming must be held off until closing. haha.

I think you are not allowed to shave or trim the facial hair until you close. Unless that causes problems with the primary job :)

Bravo on putting yourself out there.

I thought I read on here that its a common best practice to get rid of external hose bibs, you just can't trust people to not leave a hose on it and give you frozen pipes. If it's common to not have it, why keep the risk?

@Kyle Hipp said:

"I have been doing the opposite for a while now. If I buy a house every year for $70,000 and finance $50,000, I am spending more than I make each year however this is leading to prosperity. Whomever said you can't spend your way out of debt was not in real estate :)"

That's not the opposite of saving, that's investing. You are investing 20k and using leverage to add a 70k asset to your balance sheet, and a 50k liability. You are exactly 'saving 20k' when you do that. You are choosing to invest your savings in a property. To invest, you must save first, so you have something to invest.

You are absolutely not 'spending more than you make'.

That place looks fantastic!

Can you swap out that fridge with a counter depth one? We did that in our kitchen at home and it fixes that 'big fridge sticking out' look :)

Of course, you really lose a lot of space with the counter depth fridge, no room for big party trays, so we had to keep our full size one down in the basement. It sure is nice to have a dedicated beer fridge!

yep the beauty of anonymous transactions! you don't know who stole it!

I'll take my transactions with ID, thank you.

Forget about Real Estate until this thing dries up, If its passive, use your time to grow it! That's why everyone wants 'passive' - if its passive income, it frees up your time to add new streams. If you are selling diet pills like crazy, keep finding new ways, new countries, new languages.

If you are now up to $2000/day vs. $1000/day in such a short time, how about you double it again?