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All Forum Posts by: Jake K.

Jake K. has started 36 posts and replied 191 times.

Post: Holy Water Bill Batman!

Jake K.Posted
  • Baltimore, MD
  • Posts 199
  • Votes 56
Originally posted by @Douglas Hardman:

My fiancé and I moved out of her house in November, and we rented the house out starting the first week of December. Her normal water bill is about $30 a month. (3 bedroom, one bath, no dishwasher, 2.5 people living there.) Usage from the water company shows using 0.2-0.4MCF per month...consistently...for 2 years. The renters move in, and December's bill shows 1.4 MCF...or about $75. Then we get January's bill and it's 2.5MCF...and $115.

So the tenant reaches out to me last week and says "Any idea why our water bill is so high?" to which I respond "I was wondering the same thing!"

They've been model tenants, and I have no reason to suspect they're doing anything nefarious. She says 1-2 people showering a day, and 2-ish loads of laundry a week. Normal usage...about exactly what we were doing when we lived there with the same number of people. Since the sewer bill is based on the water bill, that's sky-high too.

So I call the water company to have them come out and look at the meter, and it was a fight just to get them to come out. They're standing by "the meter is always right" but I can't see how a family of 2 could have possibly used 19,000gal of water in a month. If they were doing laundry 24/7 for the entire month, that'd still only be 12,000gal.

I've been over and checked the pipes and the faucets...no leaks. Nothing seems to be running in the background. Everything in the house is less than 2y old.

Any ideas? Any experience fighting a water company? 

I am in Maryland and I know that water bills went up alot lately in general..But I had a crazy story also. I got a $2700 water bill from the city and it just didnt make sense at all, basically $300 of it made sense bu the other $2400 was seemingly added on, we have been fighting with the city of Baltimore for over a year, even got a city local councilman involved but it was literally like "fighting city hall" they ended up charging a credit card that was on the account for the full $2400..Something is definitely fishy about this but we tried everything. Sometimes you gotta just do your best to fight it but if your not getting anywhere then, what can you do already?

Post: What is the best way to find a mentor in REI

Jake K.Posted
  • Baltimore, MD
  • Posts 199
  • Votes 56

It is a good question that the OP asked. How did people find a mentor. (not a paid one) ? Because I am having trouble finding one and I see that so many  people seem to find one pretty quickly

Post: John Cochran's 90 Day investment challenge reviews..

Jake K.Posted
  • Baltimore, MD
  • Posts 199
  • Votes 56

I came across John Cochran aka the "King of systems" and of systems Saturday videos..so he has a 90 day investment challenge where he provides info and coaching for 90 days and all deals are split 50/50 but he asks for a $2,000 upfront deposit which he says you get back on the first deal.

Anyone have any info or reviews on this? Thanks alot

Post: Baltimore is always ahead of the curve

Jake K.Posted
  • Baltimore, MD
  • Posts 199
  • Votes 56
Originally posted by @Matthew Paul:

@Ned Carey   Ok     It was a picture of boarded up row homes in Balto . With the caption  " Baltimore city hurricane ready since 1990 "

That is funny:)

Post: TAX LIEN Question/Trying to help my neighbor he is losing home

Jake K.Posted
  • Baltimore, MD
  • Posts 199
  • Votes 56

Your state should have the tax lien records either at the courthouse or online

Post: Carrot investor website? Is it worth it?

Jake K.Posted
  • Baltimore, MD
  • Posts 199
  • Votes 56
Originally posted by @Trevor Mauch:

Hey Jake! Hope you’ve  had a great weekend! 

We are glad you were looking at Carrot  and would be pumped to work with you! 

At the end of the day it comes down to results, ROI, and the experience you'll get working with us.

 Check around at most of the successful wholesalers and flippers and you will find most are using Carrot. For a variety of reasons.  The level of support our team provides is one, the Innovacion we have on performance and conversion rate is the biggest, and you won’t find a better system for SEO or conversion rate optimization. 

 There definitely are cheaper options out there, but just like anything when you go cheaper you have to give up things along the way, and one lost deal from under performance equals $10,000, to $30,000 or more.  many people look at saving a few bucks on the monthly payment but after moving over to carrots realize how much money they likely lost with their other website from under formants and in time wasted . 

Hit me up if you have any specific questions! We’re here for you! 

I am def leaning towards Carrot..i PM you, if you have a min, can you look at my message? Thank you Trevor!

Post: Wholesaling Joint Venture

Jake K.Posted
  • Baltimore, MD
  • Posts 199
  • Votes 56

Any information or experience is greatly appreciated!

Post: Wholesaling Joint Venture

Jake K.Posted
  • Baltimore, MD
  • Posts 199
  • Votes 56

I know this is an old thread, but I had a question about doing a JV wholesaling deal..How would it work? If I am finding a buyer for someones property that they have under contract, would I add my fee onto the price that they are asking for the property? or do I get a piece of the profit that they already added in to their price they set? Thank you!

Post: Would it be weird to ask a more experienced investor to shadow?

Jake K.Posted
  • Baltimore, MD
  • Posts 199
  • Votes 56
Originally posted by @Matthew Rosenthal:

I've been reading and researching a ton but I believe the best way to learn is to get out there and do it yourself. Do you think it would be weird if I started to reach out to different investors who are more experienced and see if I could shadow/learn from them? Maybe through LinkedIn or these forums? 

I want to have more saved for just in case expenses for life/a potential rental property but also want real time experience and I think this would be a great way to do it.

Your absolutely right that real "pounding the pavement" experience is the best way to gain knowledge and I think it is a reasonable request which someone can say yes or no..however I dont think contacting random people who are investors on LinkedIn or online is the correct way to do it. You need to attend a local REIA meeting in your area and talk to people there and connect with someone and then ask them if they would be open to that, in other words you have to gain, even just a little bit of rapport with them before you ask..Good Luck!

Originally posted by @Mark Fries:
@Thomas S.

I keep reading this original post and I can't help from thinking "who cares"..?

Just my thoughts.... If the tenant abides by the lease then she gets to stay, if she doesn't abide by the lease then she gets to leave... I don't see why anything beyond that matters?

No.there is room to be a human in business,no need to be cold and calculating all the time