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All Forum Posts by: James McCard

James McCard has started 3 posts and replied 273 times.

Post: Starting a Property Management Company

James McCardPosted
  • Investor
  • New Hartford, CT
  • Posts 281
  • Votes 104

You should talk to @Filipe Pereira he is a property manager in CT and I am sure can help you with questions. 

Post: Buying $40k rentals in Florida?

James McCardPosted
  • Investor
  • New Hartford, CT
  • Posts 281
  • Votes 104

Nothing wrong with a house in CT man. I just put an offer in on a house in a local to me area. I won't say my offer as it is not under contract yet but I will say it is a lot less than 40k and this is a two family in a neighborhood that I would actually live in... (the better half not so much). It needs work but that's what you get. 

@Jerryll Noorden is a great guy to watch. He is really a mover and shaker in CT and does things his own way. Don't let anyone tell you there are no deals to be had. I am going to check out one of his properties when my schedule is not so slammed. 

Post: How do you Make Your Money Make Money?

James McCardPosted
  • Investor
  • New Hartford, CT
  • Posts 281
  • Votes 104

I am a master at side hustles so I have some ideas for you. I am not sure where you live but here is my current list - you do not need to do all these or any of them - I am just sharing with you to give you ideas how a small investment can pay off big time if you are willing to work at it.

Plowing snow - with a decent truck and a guy who likes to work I have made over 2,000 in one single storm. I was in the truck for 20 hours though. A cheap plow truck can be had for around 2,000 dollars. 

Dump runs - If you have a truck for plowing snow you will also find a million and one uses for it in the summer. In addition to being helpful at Home Depot I use my truck to do dump runs for people. Often times it is trash and I just bring it to work the night before the dumpster gets emptied and load up our dumpster... on the flip side I have gotten some super high end pieces of furniture for my house this way. Nothing like getting paid to remove stuff and reusing it in your own house. 

 Mowing grass - this is one I am just embarking on - I have a commercial walk behind for my own property, a riding lawn tractor (actually 3), a push mower etc. So when Greg from my local meetup asked for someone to mow his property online I immediately volunteered. 

Car flipping - I work at a garage and frequently find cars that need fixing. I will buy them and then resell them, occasionally I will do nothing other than wash it and take better photos. Other times there is more work involved. I like selling but hate working so I sometimes partner with a coworker - he is not opposed to doing work but hates dealing with people so it is a win-win for both of us. I also help friends and family sell just about anything and take a percentage or flat fee for selling there stuff.  

Side work - As stated above I work at a garage - we always get our during the day work done first so at night I will work late and bring in a little bit of income helping friends and family with vehicle repairs. 

Car detailing - this is pretty thankless and I am a perfectionist and you can't charge much for a detail and it takes me hours. I do not do things halfassed so it will probably take me an entire weekend to turn a car around. 

Flea market flipping - my long time girlfriend has a fine arts degree - so she can refinish furniture in her sleep. I buy the stuff, she refinishes and relists it (she is also a photographer and good photos help sell. I see my initial investment back plus 20% of the profit. 

Now you can flip anything - I have bought and sold cars, phones, guitars, tablets and the list goes on. Anything that is undervalued or poorly written and has bad photos is an easy pickup. 

I keep a little bit of money in a Netspend savings account (5% interest on the first 1k in the account). This is use as my emergency fund or to store cash that I want to deploy quickly. It is safe and FDIC insured.

Post: How Many Use a High Yield (online) Savings Account?

James McCardPosted
  • Investor
  • New Hartford, CT
  • Posts 281
  • Votes 104

I use a Netspend account (prepaid credit card) as it has a high yield savings account attached to it. On up to 1,000 dollars they pay 5% interest. I currently have 3 accounts with them - now I can do 2 more with a brinks card. I use it as an emergency fund or for cash I want to keep close at hand and be able to deploy at very quickly. Interest is paid quarterly. If I send you a referral email we both get 20 dollars after you put at least 40 dollars in your account. Shoot me a PM and I am happy to send you a referral link.  

Post: BANK INVESTMENT OPTION

James McCardPosted
  • Investor
  • New Hartford, CT
  • Posts 281
  • Votes 104

Don't take this the wrong way but if you say "It's not a scam" that screams one thing to me... SCAM. 

Post: Looking for my first flip!

James McCardPosted
  • Investor
  • New Hartford, CT
  • Posts 281
  • Votes 104
Originally posted by @Jerryll Noorden:

Flipping  is where the money is ma man.

Dude I love your sites - me and my girl have been looking to get into flips. You are a huge inspiration.  

Post: NW CT Meetup

James McCardPosted
  • Investor
  • New Hartford, CT
  • Posts 281
  • Votes 104

@Matthew T. currently there is nothing on the books - please join me at the next meetup in Central CT if you wish 

Post: Connecticut multi families

James McCardPosted
  • Investor
  • New Hartford, CT
  • Posts 281
  • Votes 104

West Hartford is a tough market to find anything at below market value. However remember deals are out there. If you can't find them make them!

Post: NW CT Meetup

James McCardPosted
  • Investor
  • New Hartford, CT
  • Posts 281
  • Votes 104

I am in New Hartford and this thread was supposed to be for organizing a NW Corner meetup. Central CT has a great meetup I attend monthly but travel close to 1 hour each direction to go to. 

Post: NW CT Meetup

James McCardPosted
  • Investor
  • New Hartford, CT
  • Posts 281
  • Votes 104

@Andrew Frishman shoot me a PM. Never really got anywhere with the Northwest CT meetup unfortunately. I think Ridgefield is quite a hike though. We can discuss things and go from there.