All Forum Posts by: Jeremy Wickens

Agreed. This process should be about verifiable facts and avoiding red flags. If they meet your requirements it should be easy to prove on paper. Red flags if everything looks good on paper but you suspect something is very wrong with it. You are sort of approaching it backwards and using your judgment to justify bad terms on Paper. It just means you are a good person, but it will likely burn you.

I get it, but driving up to those curbs until they touch your tires isn't actually the purpose of them. Could you imagine if every driver that scraped their plastic wanted a new bumper because the owner of the property had barriers that were 6 inches instead of 5 or 4. When you are driving, technically you are responsible for anything that happens while you are trying to move your vehicle. The only time I ever see people win this is in cases where some giant crater J n the parking lot takes out someone's wheels.

It isn't going to matter how much you lose on the turnover with tenant number two if you end up spending money and time chasing tenant number one and then eventually have to evict him.

You were in control of the vehicle that ultimately drove past a barrier designed to protect something else. Would the owner be liable if your car was lower and you smashed the bumper off anyways?

Good afternoon, I currently work in and industry that has very little to do with real estate nor do I have any passion for it. Real estate is one of my passions and I'm looking forward to absorbing as much information as possible and helping people out while I craft up a wiser exit strategy than just jumping over board. I was wondering if there is a post, blog or other section of this site that explains how to do some of the seemingly basic functions such as tagging people in replies. Thank you in advance and feel free to message me about anything in the future.

@Anthony Dooly well to be fair if he had a lender that is working with him he could turn 75k into a 300k property with 20% down, but the numbers would have to be good enough to cashflow both properties and that is where I see the issue.

Property Management should be accounted for even if you are doing it yourself. Would you want to have to sell a property because you couldn't cashflow it and were suddenly incapable of doing it yourself?

Gratz, $400 is a cheap education by any standards.

Option #2 with a cheap place and renting out a room in your house might cut your costs significantly if this is something allowed in your area. If your current cost is $1350 and you can get a loan for half that and then rent out a room, the house itself might not be cashflowing but it will certainly improve your cashflow. I apologize for it being a bit off topic, just a suggestion if this is allowed in your area. 

 Minus acquisition costs.