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All Forum Posts by: Jack Johnson

Jack Johnson has started 4 posts and replied 15 times.

Post: multifamily home investing for first time investor

Jack JohnsonPosted
  • Investor
  • Rogers, AR
  • Posts 15
  • Votes 8

all depends on - price u pay and rent u get minus expenses

Can u get 1200+ per mos per unit 

It been on the market for a while for a reason

her "wording" is concerning for a section 8 tenant

Sounds too high maintenance and she sounds skilled at manipulating a lanlord 

Cut your loses and move on

Post: If you ever have questions about paint...I'm your guy!

Jack JohnsonPosted
  • Investor
  • Rogers, AR
  • Posts 15
  • Votes 8

when painting the dreaded popcorn ceilings - do you recommend spray with gun or roller ?

Thx

Post: If you ever have questions about paint...I'm your guy!

Jack JohnsonPosted
  • Investor
  • Rogers, AR
  • Posts 15
  • Votes 8

also what about wiping down wall with tsp to help get smoke stains off ?  

Or stains around ceiling vents ?

Many thanks !

Post: If you ever have questions about paint...I'm your guy!

Jack JohnsonPosted
  • Investor
  • Rogers, AR
  • Posts 15
  • Votes 8

Im in NWA- bentonville  - greatly appreciate your wisdom !

I have 8 units and am considering purchasing / justifying  a paint sprayer  - uses would be privacy fences/garages/houses/popcorn ceilings, etc

My brother and I - usually do painting - 

Any wisdom or recommendations - lowes has graco models 200-500 dollars ? - any specs you recommend  or advice - we have always just rolled and brushed

Post: Umbrella Liability instead of LLC?

Jack JohnsonPosted
  • Investor
  • Rogers, AR
  • Posts 15
  • Votes 8

I use richard miller -atty 

5216288 In Fayetteville on green acres road

He's a real estate attorney that also does title insurance, his own closings - etc

Great guy / More affordable then title companies - that the realtors "steer" you too and you get the benefit of his law degree 

Potentially a huge mess!

richard miller is a real estate attorney in fayetteville does his own title work/insurance,etc

Worth your time do go see him

521-6288

Green acres road 

Fayetteville

im a nwa native have bought sold and invested properties in both counties

Of course there are pockets in each town but in generalities

Buying SFR Your money goes farthest - most house for the money in - bella vista/springdale/rogers/fayetteville/bentonville in that order - bentonville is highest psf

It all depends what pricepoint your after and what type of tenant your looking for and what cap rate your looking for and type of property- turnkey vs rehab, etc 

i guess the biggest challenge is my stage in life - as i plan for retirement in the next 5 yrs hard to want to go leverage several notes and wait for them to be paid off in 15-30 yr notes

As one advised - its not whether to leverage but when 

Early in your career leverage is more important then cashflow 

Late in your career cashflow is more important then leverage 

Private banking

Rate is tied to LIBOR guaranteed by a % of a sizable stock portfolio

Ive been fortunate enough to put together over 40yrs