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All Forum Posts by: Josh Deeden

Josh Deeden has started 8 posts and replied 22 times.

Post: Lots of great ideas, just need a URL name

Josh DeedenPosted
  • Real Estate Investor
  • Brooklyn, NY
  • Posts 37
  • Votes 0

Yeah, but I wouldn't recommend buying from network solutions. They're on the expensive side. I personally buy all my domains through namecheap.com -- They may or may not be the cheapest out there, I don't know. But I like their interface for purchasing and managing my domain names.

I am not affiliated with them, just a happy customer.

Yes, I see that, and I have posted there. Thanks!

Josh

Hi everyone. It's been a while since I've posted, but it's god to be back! I just had a quick question. I am a software developer looking for a good marketing person to team up with to work on some cool web/mobile/voip apps targeting investors. I got the tech skills to create the products, but I need someone better than I am to package it up and push it through the right channels.

So I ask, what forum should I post in searching for such a person?

Thanks,
Josh

Post: Deal in Vero Beach. Advice welcome!

Josh DeedenPosted
  • Real Estate Investor
  • Brooklyn, NY
  • Posts 37
  • Votes 0

Hi Scott....

Thanks for the input.

Originally I thought ARV would be around 100K, but maybe it's closer to 80-90K. I'm picking it up for 25K.

As for how water is currently being routed to the house and the condition of the well, I have no idea. I'm assuming the worst. I'm going down to check out the situation next week to assess the full scope of the problem. While I'm down there, I'm going to meet with a GC and plumber to sort it all out. I figure If I can get the entire problem solved for under 5K, and update the rest of the house for < 25K, then it may be worth my while to take on the project. Otherwise I'll probably wholesale it and be on my way...

Josh

Post: Deal in Vero Beach. Advice welcome!

Josh DeedenPosted
  • Real Estate Investor
  • Brooklyn, NY
  • Posts 37
  • Votes 0

Brian-

Thank you for your response. The owner of the house was a bit old-fashioned and to be honest, cheap. When the city came through offering to connect the property to city water, the owner refused because it was too expensive. Even when they offered to do it for free, he declined because he didn't want the water bill. You get the idea. That reminds me. There's a well on the premises that is probably contaminated, and I would absolutely need to do whatever it took to remove any possible liability issues in the future.

I'm sure that as I gather more details on the property and go and check it out, and get a better idea of what I'm dealing with, what course of action I should take will become evident. Hope so anyway.

Post: Deal in Vero Beach. Advice welcome!

Josh DeedenPosted
  • Real Estate Investor
  • Brooklyn, NY
  • Posts 37
  • Votes 0

Well. I don't know what the actual ARV is. I'm just going off of cursory research on what's sold recently in the area. I could be way off. The purchase price could very well be 30-40% ARV, and if it was, would you still say jump on it?

Maybe the whole driveway doesn't actually need to be replaced. The problem is entirely cosmetic and pretty much confined to a specific section of the driveway. There very well could be a far less expensive solution, but I'm just trying to consider worst case scenarios.

Thanks a bunch for your feedback. Much appreciated.

Post: Deal in Vero Beach. Advice welcome!

Josh DeedenPosted
  • Real Estate Investor
  • Brooklyn, NY
  • Posts 37
  • Votes 0

that's what she looks like.

Post: Deal in Vero Beach. Advice welcome!

Josh DeedenPosted
  • Real Estate Investor
  • Brooklyn, NY
  • Posts 37
  • Votes 0

I have the opportunity to pick up a 3/2,1300 sq ft. home with an attached 1 car garage home in the Vero Highlands area of Vero Beach, FL from an estate sale. It was built in the late 70s and it's a brick house that sits on a 1/4 acre lot. It's not going to win any beauty contests, but it's not a bad looking house either. It does have a brand new roof, but from what I understand It needs quite a bit of work done to be rent ready:

- Needs Central Air installed. I think the ducts are in and only unit needs to be installed, but then again, maybe the whole system needs to be replaced (don't know yet)

- It is not connected to city water, so that would need to be done. Don't know what's involved with that but I suspect it's not cheap.
- Carpet / tile throughout
- Updated kitchens and bathrooms.
- New driveway
- Water heater is jimmy-rigged to 2 110v outlets. This needs to be corrected.
- Electrical outlets throughout may need updating

Not knowing the first thing about rehabbing, my simple question is what should one expect a rehab project like this cost? Especially the whole getting city water bit. I imagine that will require digging up the yard and what not, which means I will also have to pay someone to come re-landscape at some level, am I correct?

He's a very motivated seller and I know I can buy the house at 20-30% of ARV. If I were a savvy guy, what should my next steps be? What questions would someone smarter than me ask? I have the cash for the deal and can close the deal on a whim, basically. Just don't know if I should...

What do you think, BiggerPockets?

Post: Donna Bauer's The Note Buyer course

Josh DeedenPosted
  • Real Estate Investor
  • Brooklyn, NY
  • Posts 37
  • Votes 0

Hello everyone. If anyone has used versions of her courses that are complete and in good condition, then please contact me as I may be interested in purchasing them.

Thanks!

Not sure if this has been mentioned previously, but there have been several occasions where I have gone to PM someone, wrote my message, clicked send, only to be told after the fact that we need to be colleagues first. Seems to me like a better user experience would be to notifier users FIRST before presenting them with the contact form.