All Forum Posts by: Jacob Smith

Thanks David.  I am sorry to hear.  God has been holding me along so far.  I can thank Him for that, and I have been listed for almost 3 months so far.  (Playing the hurry up and wait game).  I have 29 units back in Wisconsin, and in three months here I have realized I need to be a part of this Pittsburgh market!  :)  

Lets grow and build Pitt!!!

Yeah, so I have noticed, I connected with one but he is just crazy busy which makes me either happy that he is a go getter and does good reasonable work but not excited about the poor communication... haha

you know what they say, "hire the guy who is too busy, because he knows how to get it done and get it done the quickest" haha

But if I am going to close on these flip houses I may be ready for gangbusters as soon as 3 weeks!  

solicitations on the REI facebook group?

thanks for the input!

I am an Investor from Wisconsin, but am currently living in the southeast suburbs of Pittsburgh, PA waiting for a double lung transplant.  But why should I let that hold me back from expanding my real estate portfolio?  So, I am looking to connect with some good contractors to rehab flip homes as well as rental purchases that need to be updated to rent.  This network would also eventually need a good handyman and Property mananger to maintain the rentals that we purchase. 

I currently have two Flips in the possible near future as well as will be ramping up some more rentals.  

Focusing currently in areas like Penn Hills, West Mifflin, Lincoln Place, etc.  

Let's see who is out there! 

God Bless!

yeah, the EAA air show is going on right now! Planes planes and more planes! 

Equity partner... I like the sound of that!  Let's connect more privately and I'd like to learn more if you would be willing to teach me more about that idea.

that is awesome Jay. I grew up in Neenah! Have lived in Omro for about 7 years now, less than a mile from the infamous"cheese house".  Like it here a lot! Great community!  

Thanks for the input, so hard to decide. 

I set him and on a listing cart of multi units. Where we both get the postings. Some of the challenging part to this is although my bank won't let me invest in any more this year I love looking at them anyway. And I really enjoyed crunching the numbers to see if properties actually make money.

but need to think of it in a business sense also that my realestate understanding what I've learned and my broker's to be able to look and manage are worth something. :)

Btw, if you ever happen to want to come out this way I'd love to host you give you a place to crash, etc! ;)

wow, thanks Shakeira! I guess I am way too generous. I was thinking way less hourly. 

on your 15-20% is that on contractor bills as well as materials? So do you pay those out, and then re invoice it out.  Cause likely i may be acting as project leader/general contractor if there are any large repairs needed.

Thanks for the input!

Hey,

I am a Broker/Property Manager, I have flipped a handful of houses, Done gut/remodels, and also purchased and manage 19 of my own units.

I have an investor from out of state who wants to invest in this area into multi (likely 8+) unit buildings.  

He is looking to have me be his go to/on site guy.  I would be going with the agent to look at the properties and inspect them, Contacting people to find out expenses/ etc, and doing all the numbers crunching, and reporting that stuff back to the investor.  

Wondering what I should be charging for such a service.

I was told maybe an hourly rate for time invested, weather it be in office, or in the field?  

I should also add that, I will then if He purchases these properties be the Property Manager for them.  

But I have that cost breakdown pretty much figured out already.  

Any input would be greatly appreciated!

Thanks Guys! 

Keep Investing towards Freedom

i am considering trying to streamline my management a little more.

Looking at programs such as apfolio with its higher cost fees/services, vs buildium etc...

I own and manage 19 units, and am starting to manage other rentals.  I would like to know peoples input on the different programs out there, and their experiences.

I will likely stay under 50 units.

Thanks guys!

I am looking at a property to flip quick.  I am looking at a property that needs well and septic.  I have buyers if we get it done.  So I am bringing in an investor for the capitol of the purchase and repairs.  I will be doing all logistics, so we plan on splitting the profits on sale.  

I am looking for suggestions on how to write up the agreement between myself and the investor, who does it get deeded into, Who writes the offer, etc.  

And getting a purchase contract written up with earnest money with the buyers after the septic and well are put in.  

We are looking at a 1.5-2month turnaround.  

Any advice would be great!  

Thanks,

Blessings