Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Ed O.

Ed O. has started 65 posts and replied 647 times.

Post: Looking for conference ideas

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 689
  • Votes 339

Well, since this thread is ice cold and perhaps everyone here is not aware of other conferences, here's a few on my radar. Please feel free to add to the list. 

OREIA

https://oreiaconvention.com/2024-special-sessions/#dealmaker

https://elitedealmakers.com/schedule/

I've done the dealmaker's forum a bunch of times - it's legit. For some reason tho, I never made any good connections from it, like I have at some other conferences. 

Am I the last person standing from when Biggerpockets had its first conference 10 - 12 years ago? $200 admission, strict no selling by the presenters... ahh the good old days. There was a huge crowd and lots of great people brought together from it. 

Post: How to Asses and Compare Construction Loan Terms?

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 689
  • Votes 339

Wow, those terms look prohibitive. 

Have you checked with a bank? I do realize bank financing isn't available to everyone for a lot of different reasons, but it would seem really hard to make a deal work with those terms. 

Post: Cost of Underground Pool Removal

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 689
  • Votes 339

Can you fill it in? I've seen this done before - cost would be a lot cheaper. Can you modify your plans to avoid the full removal? 

Post: Door count is a terrible metric. Please stop using it.

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 689
  • Votes 339

I don't like doors as a metric but appreciate it when a newb starts using the terms in excess as it tells me they've started in the last 2 years or have 1 or 2 "doors" without me having to ask. 

Post: Post rental property or wait?

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 689
  • Votes 339

You're doing all that work for $50/month?

where's the breakeven on it?. Probably not worth the work from the limited info here. 

That's a quick turnaround. You might post it as coming soon... there could be someone who wants to be on the block you're on and will wait.  

That's a pretty aggressive turnaround for a kitchen granite and trim out.

Post: Contractor Completely Overcharged Me - No Way to Pay

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 689
  • Votes 339

It was touched on earlier - just abou always best to go piece rate on new construction. 

How many SF of drywall are we talking across the jobs? 

Have you paid anything yet? I would hold the payment back as it's the only leverage you have. It's difficult to know if some upcharges are justified and what they should be based on the limited information here. If you've paid them the 19k, you don't have the leverage.... 

You'll want to ask for an itemized invoice if they do not adjust downward significantly and plan on spending some money on an attorney to come up with a strategy. 

Did the drywallers - start in May? If so, something is off here..... our drywallers typically start and finish in 7-10 days....

Post: Looking for a partner

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 689
  • Votes 339

Your company opened its doors on March 25, 2024. 

The story doesn't add up - anywhere. 

You'll get a lot farther as a newb being honest and answering questions.

Refusing to share the most primitive, non descript details is also a big indicator of newb thinking. 

I remember when I was worried someone would steal my deal - when I was starting out. 

Post: Wastewater and wells in MHPs and Tiny Home Communities

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 689
  • Votes 339

@Don Konipol

Since we're sitting in front of computers and not having a conversation, I can't tell:

1. Are you being sarcastic? 

or 

2. Did you not read the post? 

Post: American Standard AC quality.

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 689
  • Votes 339

HVAC techs always complain about government mandated changes. Often their complaints have merit. 

Sometimes parts fail and they get replaced and life goes on. I don't think going away from a variable speed motor will make the system last longer, but I'm also not a tech. 

My bigger concern is 17k for an AC system in 2020 or 2022. Just for a condenser and coil, single system? Did you get multiple bids? I'd have to quit the business if I was paying that sort of price for an AC system. 

Post: Wastewater and wells in MHPs and Tiny Home Communities

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 689
  • Votes 339

Bump