All Forum Posts by: Dawn Oree

 Thank you Scott!  I appreciate your support and well wishes.  

 Awwww Thank you John!  That means a lot to me.  😊

Thanks Lashelle!  LOL!  I'm glad I shared my feelings.  It's good to know that it happens to every new investor.  

Thank you Danielle!  I'm very excited!  

 Thanks Bruce!  I sure will!  :)

 Oh... Okay.  I can use him later.  I'm purchasing a 7 unit.  I'll take your advice about the floors.  There are two tenants that have an overcrowded or very unkept unit.  Every other unit is very nicely kept.    

 Manolo,

Thank you for the inspector referral.  I need to get it inspected this coming week so I'll contact him ASAP!   About the deal:  It's fully occupied so It has to be a unit-by-unit reno.  The repairs that I could see from the walk through were minimal, carpet - I'm considering removing the carpet in all the units and getting the wood floors sanded and refinished, paint, tenting the place to get rid of pests, replacing the cabinets in two of the units - the rest need re-staining (or a fresh coat of paint),  some outlet covers, light fixtures, things like that.  There's some outside clean up and a little beautification in the courtyard.   The apartments are quite large.  All have fireplaces that aren't used (any advice on these?).  I'd like to do new countertops and new appliances but that's not necessary in every unit.  Only one or two that I noted.  I didn't see a lot of cracks in the foundation or anything.  It's located in City Heights.   The roof looks okay from the ground although I understand that the inspector will give me the final yay or nay on that. 

 Thanks Mark!  I will look at that movie.  I used to watch Holmes on Homes on HGTV.  Totally forgot about his shows.  Glad you reminded me.  Yeeeeessssssss!  He helped a lot of homeowners in tough situations after inspectors didn't do their jobs correctly.

 Hi Paige,

Thanks for the congratulations! This is my first time making an offer on an investment property. I went for the apartment building because after years of studying and being involved with different investors, I realized I didn't want to start with individual SFR's or 4 units. It just didn't suit my plan. A few weeks ago I had a conversation with myself that was like "Why Not?... I've heard this can be done with no money from my own pocket. Time to test the theory." Went out on Loopnet. Found the building. Got transactional funding. Made the offer. Found all the options for money I could. Chose the best one for my long term strategy so I'd be ready IF the offer was accepted. I figured that if I had everything in place and I didn't get this one, I could keep going until I got one. Then I could use that experience to build on and keep the partnership going with my funder to build a reputation and have a funding source that is also a trusted partner that knows my track record.

 Thank you Jamane!