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All Forum Posts by: Jenny D.

Jenny D. has started 6 posts and replied 37 times.

Post: Selling portfolios of properties... use agents or loopnet or another strategy?

Jenny D.
Pro Member
Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 39
  • Votes 11
Quote from @Trevor Finn:

Hey @Michael Wentzel,

Congratulations on an impressive real estate career thus far!

Listing your properties on platforms like LoopNet or Crexi can be worth it!

Here are some other strategies:

  • Investor Networks: Share through local REI groups or investor meetups in Colorado and Ohio.
  • Direct Outreach: Use mailing lists or email campaigns targeting known investors or real estate firms.
  • Social Media: Post in real estate forums or Facebook groups for investors.

Websites for Property Listings

  1. Roofstock: Specializes in selling single-family rental properties to investors, offering built-in tools for analysis.
  2. BiggerPockets Marketplace: A hub for active real estate investors, perfect for promoting rental properties.
  3. Auction.com: If you’re open to auctioning properties, this platform reaches a broad investor audience.
  4. RealtyMogul: Offers connections to individual and institutional investors, especially for multifamily properties.
  5. MyHouseDeals: Focused on connecting with investors looking for fix-and-flip or rental properties.
  6. Zillow Rental Manager: While more general, it can still attract landlords looking to expand portfolios.
  7. Mashvisor: A great platform to market properties with detailed cash flow and rental projections.
  8. PropertyShark: Targets real estate professionals and investors with access to detailed property data.

These can help you reach a broader audience and possibly sell faster. I am not affiliated with any of the sites! Hope this helps!

Good list. Thanks, Trevor.

Post: DCSR, LLC, and Trusts

Jenny D.
Pro Member
Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 39
  • Votes 11

Great questions and responses. Following. 

Post: Rental needs emergency repairs, personal DTI too high for personal loans

Jenny D.
Pro Member
Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 39
  • Votes 11
Quote from @Tabitha Bean:
Quote from @Jenny D.:
Quote from @Tabitha Bean:
Quote from @Jenny D.:

@Tabitha Bean..

Curious. Where in DC is your property located?


 SE DC where rents aren't yet where we hope they will be in 5 years.

Yes! I know it well. Lived in DC for a number of years. I can kick myself for not investing in the 4 plex 15 years ago...lol. I do have a property in NE. Definitely an excellent investment! 

 Haha, you're telling me! What was selling for $70k 15 years ago is $850,000 today! I'm glad to hear that someone is making some money on an investment in DC. I hope this one turns around for me so I can share your sentiment!

Although I oscillate between trusting my gut on this one and feeling like a fool for getting myself into this mess, I've only had the thing for 8 months and made a tremendous amount of progress. I have been spoiled by the ease of income with my other properties. I am really having to work for this one. 


 Listen... I totally support your "taking the leap". As you figure out the creative ways to tackle the challenge, I believe things will work out. Trust your gut. Think creatively. Take the problem in small bites. It will come together.  

Post: Rental needs emergency repairs, personal DTI too high for personal loans

Jenny D.
Pro Member
Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 39
  • Votes 11
Quote from @Tabitha Bean:
Quote from @Jenny D.:

@Tabitha Bean..

Curious. Where in DC is your property located?


 SE DC where rents aren't yet where we hope they will be in 5 years.

Yes! I know it well. Lived in DC for a number of years. I can kick myself for not investing in the 4 plex 15 years ago...lol. I do have a property in NE. Definitely an excellent investment! 

Post: Rental needs emergency repairs, personal DTI too high for personal loans

Jenny D.
Pro Member
Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 39
  • Votes 11

@Tabitha Bean..

Curious. Where in DC is your property located?

Post: Should I do a Cash-out refinance or a Heloc

Jenny D.
Pro Member
Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 39
  • Votes 11

@Cory Ray...

I'm curious. Are you looking to relocate from your current home?

Post: When Looking for a Contractor...

Jenny D.
Pro Member
Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 39
  • Votes 11
Quote from @Mohammad Parwez:

You can build your checklist around the following questions while selecting a GC.

Also it can be refined for a project specific. 

Checklist for selecting a general contractor:

Selecting the right general contractor for a construction project is a crucial decision that can significantly impact the project's success. To help you make an informed choice, here's a checklist of important questions and considerations to probe and interview a general contractor:

1. Qualifications and Experience:

- How long have you been in business as a general contractor?

- Can you provide references from past clients or examples of completed projects similar to mine?

- Are you licensed and insured? Can you provide proof of insurance and any required permits?

- Do you have any professional certifications or affiliations with industry organizations?

2. Project-Specific Questions:

- Have you worked on projects of a similar size and scope before?

- What is your experience with the type of construction (e.g., residential, commercial, industrial) and specific features of my project?

- How do you handle project scheduling and time management?

3. Subcontractors and Crew:

- Will you be using subcontractors for any part of the project? If so, how do you choose and manage them?

- How do you ensure the quality and reliability of your subcontractors and workers?

- What is the size of your core construction crew, and what are their qualifications?

4. Project Management:

- How will you manage the project, including scheduling, budgeting, and communication with me as the client?

- What software or tools do you use for project management and communication?

- Can you provide a detailed project timeline and budget estimate?

5. References and Portfolio:

- Can you provide a list of references from past clients, including contact information?

- Do you have a portfolio of completed projects or photos that I can review?

- Can you share any testimonials or reviews from previous clients?

6. Budget and Pricing:

- How do you handle project pricing, including cost estimates, change orders, and payment schedules?

- Are there any potential cost-saving strategies you can suggest for my project?

- Do you offer a fixed-price contract or a cost-plus contract?

7. Permits and Regulations:

- How do you handle obtaining necessary permits and ensuring compliance with local building codes and regulations?

- Are you familiar with any zoning restrictions or special requirements for my project's location?

8. Warranty and Guarantees:

- What type of warranty or guarantee do you provide for the workmanship and materials used in the construction?

- How do you handle post-construction issues or repairs?

9. Communication:

- How often can I expect project updates and progress reports?

- What is your preferred method of communication, and how can I reach you if I have questions or concerns?

- How do you handle conflicts or disputes during the project?

10. Safety and Insurance:

- What safety measures and protocols do you have in place to protect workers and the project site?

- Are you covered by workers' compensation insurance, and do you have liability insurance to protect against accidents or damage?

11. Project Duration:

- How long do you anticipate the project will take from start to completion?

- What factors could potentially delay the project, and how do you address them?

12. Payment Terms:

- What is your payment schedule, including initial deposits and milestone payments?

- Can you provide a breakdown of costs, including labor, materials, and any subcontractor fees?

13. Contract Details:

- Will you provide a detailed written contract that outlines all project specifics, including scope of work, costs, timelines, and warranties?

- What are the terms and conditions of the contract, including dispute resolution?

14. Sustainability and Environmental Practices:

- Do you have experience with sustainable building practices or green construction, if relevant to the project?

- How do you handle environmental regulations and sustainability concerns during construction?

By thoroughly probing and interviewing potential general contractors with these questions, you can gain a better understanding of their qualifications, approach to the project, and ability to meet your specific needs and expectations. This will help you make an informed decision and establish a solid working relationship for your construction project.

Regards

Mohammad Parwez

NC Realtor and Investor



Mohammad...
Thank you for your thorough list. I'm assuming you've done rehabs/flips. Do you have any insight on actions you would take if there was a subcontractor issue...especially in the middle of the project? I know that can be a challenge even with a GC in place.

Post: When Looking for a Contractor...

Jenny D.
Pro Member
Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 39
  • Votes 11

Hello BP Flippers & Rehabbers...

I'm thinking about implementing the rehab/flip strategy.  I have 2 questions for folks who've completed 3 to 5 flips/rehabs.

1. What are the 3 things look for when selecting a contractor?

2. What are 3 things "you wish you would have known" when you were deep in the rehab/flip and something when wrong with the contractor?

I appreciate your thoughts and feedback.

Post: What are the pros and cons of section 8 housing?

Jenny D.
Pro Member
Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 39
  • Votes 11

Hi Bradley,

I have a single family on the East Coast. I was hesitant about Sec. 8. My property management company has a really strong process to review the Sec. 8 tenant. I decided to step into the space. I've been very pleased. Once all the paperwork was settled, the government pays on time.  The property management company does walk throughs with photos every 90 days (this is for all tenants), take pictures of house condition.  Property was rented to a woman and her child.  Oh...BTW...the government paid at the top end of the rent for my area.

Hope that helps.

Post: Floodplain, Tear Down, Rebuild Questions

Jenny D.
Pro Member
Posted
  • Rental Property Investor
  • Austin, TX
  • Posts 39
  • Votes 11

@Beau Fannon...Hmmm... The owner shared his concerns about Code Next creating issues as well. The house next door to his is a newer build and is at least 2' off the ground. I was thinking this morning to chat with them and see when and how they were able to get it done. Thanks for your feedback.