All Forum Posts by: Dell Schlabach

Another option if sleep is more important the the money.

We had apartments about 45 minutes from our house, after a couple of these midnight and weekend plumbing runs. I found a plumbing company with 24 hour emergency service. 

If I got a call, I would instruct tenant i shut off he main, mop up best they could. Then I would call the plumber, and they would handle the emergency. 

 From a distance appears you have one available in Aberdeen,  about 15 minutes away. May save you some sleep in the future. 

http://www.rotorooter.com/residential/emergency-pl...

Awfully broad question. 

You are a broker and want to build a team of agents in multiple states to sell houses?

You are looking for brokers agents in multiple states to locate properties for you, to fix and flip? As rentals?

To sell properties ?

Are you a new person who has no money and never done a deal or do you have 10 years experience building teams, have access to a couple million dollars, and you want to expand in multiple states. 

Answers are very different depending on objectives. But the need to be better defined for anyone to give you a good answer,but it can probably be summed up by saying,

Find someone who has done it in one state, do it there until successful, then try to duplicate that in other states. Generic but so is the question. 

 There are plenty of brokers that will "hire" part time agents. Keller Williams and Century 21 are a couple of the nationial ones.

I have friends that are part time, with both these agencies. Mostly doing investments. 

Locally we have numerous independent agencies that do as well. 

Good luck. 

 There are plenty of brokers that will "hire" part time agents. Keller Williams and Century 21 are a couple of the nationial ones.

I have friends that are part time, with both these agencies. Mostly doing investments. 

Locally we have numerous independent agencies that do as well. 

Good luck. 

Depends on your definition of wholesaling. If wholesaling is buying a house cheap and selling it for a bit more but less then typical retail. Then yes it's legal to wholesale in Ohio. We do 20+ of these a year, we also assign our contracts on occasion. We do have the ability to close on all the houses we get under contract.

Where people can get into trouble in ohio is if they done have any money, they sign a contract to buy, then they market the property to find a buyer, then try and assign the contract to said buyer and make a profit.  

Here is more then you care to know about many opinions of the nuances. 

https://www.biggerpockets.com/forums/93/topics/957...

As @james wise mentioned, Ohio you have to sit in a brick and mortar location, and endure long drug out sessions to get the required hours in.  

Yes I was working full time, but have a relatively flexible schedule.

Classes in person worth time an effort, in person is required. 

Can't say I learned anything really valuable that will help expand or grow our business. I did get a better understanding of fiduciary rresponsibilities of an agent and some of the legal technicalities of what creates a legal and binding contract.

We were repeatedly told by the instructors that they are here to get us to pass the test, not to teach us how to be good or successful agents. We learn thst after we get licensed from a broker or other successful agents. 

The main value gained in a license, it gives you access to the MLS, and access to buy and sell real estate for others. If you expect to learn strategies in how to become a successful agent or real estate investor you will be highly disappointed in my opinion.

 But I come into this with a couple hundred real estate transactions under my belt as a principal so my view may not be typical. 

Check out Hondros, they have multiple offices in Ohio. 

Can be done evenings and weekends.

I wrapped up my classes recently, cobbled together between, Green, Independence, and Cleveland East in a three week period.  They can put something together that will fit your schedule

We are in Ohio and rehab a lot of houses with septic systems, we put in 30+ systems in the last eight years 

We replaced six last year and three this year already. In our area typical costs are 8,500-9,500 for an off lot aeration system. We have had numerous quotes in the past and use one main contractor these days that does good work at a reasonable price, if you get three quotes you will likely find them coming in between 8,500-12,000

For small city lots, or other lots with  soil that has bad drainage, in our area we put in off lot airation systems. County determines what they will allow, but  these are the cheapest in my experience. 

For an area with good soil, if putting in leach lines you should still be under 10k .  If you have a large lot say an acre or more and they require a mound or drip system, these are more expensive, most we paid for one of these was just over 14,000

Age of tanks is important to take into consideration, I was told by couple septic contractors that life expectancy of a septic is 30 years. Although if in an area with good sandy soil they may go 40-50 years with out much  problem. If in a very clay area and you have leach lines could be less then 30.

You mentioned septic under a driveway 20-30k repair . Something seems off, unless it was under a roadway that you had to build a temporary bypass for traffic and had engineering requirements that added a major expense. New system should be about 10k and a driveway repair, under 5k . But there are unique situations. 

We had one recently that required off lot discharge for a new system, and no acceptable discharge ditch on our property. It required engineering to go across a small street in allotment, building a new temporary road so fire trucks could get into the neighborhood during construction, etc etc. About 10k extra. We originally figured 10k for system 3k extra to go across the road.  We ended up getting the county to approve an on lot discharge system and it cost us just under 9k for everything.

Hope that helps. Good luck.

What kind of  company are you looking at starting.

When you say an investment company, are you looking at buying and flipping houses, buying rental properties,  or lending money to rehabbers landlords.

I have done quite a few partnerships over the past 15 years, and there are advantages and disadvantages to both.