All Forum Posts by: Jaron Walling

 On my county website they have a property address, and an ownership address. 

If it's to good to be true, it probably is. I agree 100% @An Duong, you'll want to check out all the major mechanicals. I wouldn't want a 2 hour drive to fix a leaking water heater. 

Another plan of attack is to mail a hand written letter the neighboring property. The house next to the one your actually interested in could lead to a phone number and nice phone conversation. Just my 2c. 

@Account Closed Appreciate the breakdown of how you pooled some of your funding together! It's got me wondering how my 401k money could be refocused. 

@Brandon M. You have great opportunity using AirBNB or setting up VRBO! I've used VRBO on 3 different trips. Vermont, Tennessee, and North Carolina. I was big into snowboarding and riding sport bikes. The location is everything. I'd check out other listings to compare rates and demand. 

I rented from a lady and she sends out emails (friendly & concise) once or twice a year. Really tempting to visit Vermont again :-) 

From my experience, researching/reading books, and listening to podcasts, the BRRRR strategy only works with older beat down property. Almost every house sold on my street (A Class neighborhood) won't work. That's a fact.

My non investor friends are like wow that house sold quick!.. (I tell myself... wow someone overpaid for retail property) 

Hey @Samuel Bavido, no offense but I don't understand your strategy. I'm sure you're more experienced than me but the BRRRR plan is based on using CASH to purchase the property (you didn't have cash), you needed more to rehab (you took a loan for this), and then you refi. What's the upside to taking these loans instead of saving for a CASH purchase?? 

That's a lot of risk in my opinion.  

@Tim Greenfield When did you realize you had great tenants? How long have you used the PM? My boss has had the same tenants in his rental for 8 years. It's truly a great thing. He tells me about them all the time and complains about the junk mini van in the driveway, etc, etc, but they always pay on time! He has spent very little on CAPX and maintenance during that time. 

Agreed with everything @Steve K. is saying! This is probably the most dangerous area of real estate. Doesn't sound like you have any safety net for capex or damaging tenants. I would lipstick renovate the property and sell hopefully for some profit. 

While riding my bicycle and training for races I was hit by a car. After surgery, going through PT, and returning to two jobs I realized I needed a change. Working harder, not smarter is a losing battle and it's a game I played since graduating college. Also, my grandpa passed away so I look up to him as motivation.