All Forum Posts by: Ed O.

@Matthew Becker 

Can you talk more about how you got your rate? I've been struggling to crack the high 6s. 

thanks

Based on my anecdotal experience, it is not worth having. We've had lines fail over the yeears, however $15 x unit count x 12 months x years in service = a much higher amount than the sum of the repairs over the 25 years we've been in business. 

The only exception to this would be if you had a line scoped and it showed areas of concern, and perhaps a high likelihood of failure in the next 5 years..... 

Sewer and water service line insurance are a lot like home warranties or extended warranties. The fear based sellers aren't there to help you, they're in it for a margin. 

@Cody Caswell

Thanks for this info Cody. I'll look into it!

Ed

I sure am thankful I'm not in California!

We get our cabinets through.the box stores. They work well for the houses we work in 100-500k. I might try Rta s again in the future. 

We get granite for around $40/ft installed from a local shop. 

Can you speak on how you source granite slabs cost effectively? I have heard about low cost granite / stone, i just don't know where to get it. 

Thanks!

I can't speak for your area. 

If you do not regularly file for evictions, you'd best retain an attorney.  See who represents owners frequently in your jurisdiction and get set up with them.

If you're capable of getting funding from a bank, those terms are terrible. If not, I'm not sure. 

is this from a hard money lender?

 Couldn't be said better. 

Additionally, it drives people away from the forums. 

The reverse trolling and self promotions are lame. Lot's of "look at me and here's why I am great" posts too. 

It really seems like the forums have been off for the last few months I've been reading them. 

Mostly gone are the contributors like the ones in this thread: lots of posts and lots of votes. Forums seem heavily loaded with newbs or takers - 20 posts for every vote type ratios... 

Not sure where everyone went.  

This sounds like a terrible deal, but not much info in hand. If we were to split like this on our current development, our engineers would collect 25 to 35 times as much as we paid them on a straight up fixed cost contract. 

I would probably find another engineer. Apples to apples, they appear opportunistic and taking advantage of someone who is green. 

PS: If you find out where all of the developers post on forums (aside of the 5-20 at bp) please dm me. Thanks

It would be extremely unwise to buy in st louis without personally visiting the property.  There's plenty of turn key people selling in war zones that bp'ers are drawn to.