All Forum Posts by: Josh Rowley

George, there is a multi-fam bankruptcy auction 14 units in Warner Robbins, Georgia starting May 1st. http://www.rowellauctions.com/index.php?subp=1&sct=1461&pg=ap&pid=31933 I am not connected with it in any way.

Just this week I saw a local purchase deal close and the buyer used his IRA to purchase it. He put down 30% and this lender-North American Savings Bank-- financed the rest. http://www.iralending.com They are the only ones I've seen that do these non recourse loans that work with ira. I have been looking around at options to use the sdira money with leverage.

Are other similar projects selling for an 8 cap? If so and your repair budget is accurate then the upside seems worth it. Plus u get to keep the cash flow. I like multifamily projects bought for the right numbers.

I have had a few bad smartkey locks but I have over 100 in use. There is a reset tool that I bought on ebay and I watched a youtube video about how to use it. I don't have as many prob as I first did when I was getting extra key copies made. I now buy new 4 key sets from ebay for like $2 for the set. I just use a new set when I need to rekey as I rarely recover all tenant keys. I can't tell you how thankful I am to put these lock in operation.

On common hall doors or laundry doors I use the Schlage lever electronic access locks.

One of my best landlording tips is buying and using kwikset smart key locks. They are about double the cost but are a huge benefit on turnovers or when tenants lose their keys. They allow u to re-key your locks in 30 seconds. Josh

Blair, for what its worth I thought your advice he was very helpful and insightful and did not step out of line thank you for your comments.

Chris H, I'm curious about what your parents suggest for you as it sounds like they have been down this path successfully.

Callum, what is the price point you are paying to get the 1500-2400/math in rent?

“Success is neither magical nor mysterious. Success is the natural consequence of consistently applying the basic fundamentals.” Jim Rohn

In peace I will both lie down and sleep,
For You alone, O Lord, make me to dwell in safety. Psalm 4:8

The big buyers in Jacksonville are keeping them and renting them out through a property management company, after fixing them up. I have not seen them re-sell a single property.