All Forum Posts by: Jermell Shavers

@Lorelai Gilmore 4 years and all it needs is paint I consider that normal and consider yourself lucky how much could it be to paint the house 1k 2k ? Spend the money is my opinion now any holes or missing that takes place I’d bill them for that but it shouldn’t be much.

@Chris M. You can’t afford it. From what I’m reading you just need to find your mom a studio apartment and just pay the rent for her until things get better. No point in struggling especially if it will put you in a bad situation

@Bijou Diaou Not using my contractor for every aspect of the job and using random stocks do the job takes longer and not as good of quality trying to save a few hundred dollars

@Paul Sandhu. 🤦🏽‍♂️🤦🏽‍♂️🤦🏽‍♂️ WOW I spit out my coconut milk laughing so hard

@Scott Bossman. I plan on buying 40-80 acres and plant trees or hopefully the land will have trees preferably pine so I can clear cut or thin depending on how much there is. Tree farmers make huge money and pay for the land and when you’re a certified tree farmer you don’t pay taxes. I got turned onto it a few months ago just bought another rental so this time I’m gonna buy land. And see how it turns out not much to it the company that I’m gonna hire does most if not all the work. I just sit back let the trees grow and wait on a check that’s how it’s been explained to me

@Alex Michael. You don't want a condo as a first time investor or any really. HOA fees you have to pay regardless if you have a tenant or not you can't turn anything off and condos are hard to sell at least where I live don't go that route SFH all the way. HOA dues increase all the time which will eventually decrease your cash flow or make you negative. Sometimes the regulations change and don't allow rentals then you're really in the ringer

@Andrea Wallace. Since you have good credit and little to no money. FHA is your best bet buying a multi family or duplex is your best way. Or get private money ie Momma and Papa bank. Have someone you can borrow money from provide 2.5 fha down and then pay them back as time goes on and your rental money stacks up. Feel free to PM I do my best to try to help people.

@Emmanuel Brown I would say look at class C if it’s your first time in class D areas most profits get are up in legal fees and late rent and evictions and other things. But you could try getting a conventional loan on all of them

@Wy Kay. Me personally I carry a gun whether I go to my What I consider an A or C class properties but even more so when I go to my C it’s just a different type of environment and mentality also their upbringing is different from my A class property renters I have to really be on my toes but I look like a tenant tbh so most people don’t mess with me I don’t scream their goes the landlord. I do drive a brand new 2018 truck but even so it’s not top of the line if anything that would make me a target more than anything else. But you have to protect yourself at all times.

@Cassandra Esperant No problem we’re all here to help each other