All Forum Posts by: Devin James

Hey Simon Huber,

I recommend that you attend some local real estate investment meetups. You will be able to meet the exact people you are searching for.

Hey Melanie MacPherson,

Looks like a great Cash on Cash return! How do you expect the property to appreciate? You should buy as many as you can! Lol

Hey Ryan Hickman,

I recommend that you and your friend attend some local investment meetups. You should be able to find experienced investors who will be willing to give you all some guidance.

Good Luck!

Hey Christian Dell'Orfano,

I couldn't agree more, especially in regards to the counter tops. Putting laminate countertops in a rental is asking for trouble. You will likely spend more replacing them every few years than you would if you bought the quality countertops initially. 

Hey Christopher J Woodland,

It is customary to have a contractor walk a property & give you a estimate during your inspection period. That is part of inspecting the property, I have gotten multiple deals under contract and backed out once the estimate came back higher than expected & the seller would't come down in price.

Once you get the property under contract, just let the seller know that you are going to have inspectors & contractors take a look at the property. First you need to find a contractor who will be able to give you an estimate within inspection period. Then, once you get the property under contract, you can walk the property with your contractor & ideally they will be able to get you an estimate before the end of the inspection period. If the estimate is higher than expected, then you try to negotiate the price down to make the deal work. 

Hope this helps!

Hey Alexander Diaz,

I took a look at the listing and here's what is says:

"Home DOES NOT have electricity, a generator would be needed, or solar would need to be installed. Home and all other structures on the property are NOT permitted. Seller is selling as is, where is."

Usually when something is too good to be true, it is. 

Hey Eric Lish,

If the deal is good enough you should be able to find a partner that will provide the equity. You can find potential partners by going to local meetup groups.

Hey Christopher Bawiec,

Consistency is the most effective & efficient way to find a deal. Deals are difficult to come by in our market, but I recommend that you stick to what your doing & keep doing it. The deals will come.

Hey Michelle Johnson,

I would stick to my set requirements. Those requirements are there for a reason & if you move off of them then you will open the door to having tenants that cause headaches.

You may need to do a price drop to get a larger tenant pool & find a tenant that meets your criteria.

Hey Adrian Lammersdorf-Scioll,

I have a great CPA who works with investors. DM me for the info!