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All Forum Posts by: James Mcsweeney

James Mcsweeney has started 24 posts and replied 112 times.

Buying & Selling Real Estate

Post: find market to build cash flow portfolio out of state

James McsweeneyPosted
  • Denver, CO
  • Posts 112
  • Votes 95
Originally posted by @Lane Kawaoka:

Do the math here… with 300 dollars per property (2 months of work to buy a turnkey rental) you are going to need 20-40 of these to replace your income. I have 10 of these and have systems in place but have 1-2 evictions a year and 3-4 big things that happen. Image if I had 30, just 3 x those numbers.

 1-2 evictions and 3-4 big things happening a year with only 10 rentals? What are the price points of these properties? I've dealt with evictions and cap-ex emergencies but no where near that rate.. Perhaps you picked up some doozers..

1 Vote
Buying & Selling Real Estate

Post: Foundations - when to stay away?

James McsweeneyPosted
  • Denver, CO
  • Posts 112
  • Votes 95

I am looking a single family in Indianapolis. The property was built in 1935. The seller disclosure states that the house has had foundation issues before, but was remedied with support beams. What are your opinions on this BP? I know some investors who simply stay away from foundations, and others say it is not a big deal. 

0 Votes