All Forum Posts by: Jonathan Slater

Nah man, never a bad time to take action. Live conservatively for the next few years, and you'll look back at now and still be pumped that you guys took action!! Good work!

I don't think raw land values will take too much of a hit. More of the thing to consider is having reserves to cover the loans on all your rental properties, and a 3-6 month emergency fund to pay for your own home and life should your income get reduced a bunch. Think of each property as their own small business, and try your best to have a 3 month reserve for each individual property's mortgage. (obviously not always possible at first, but at least a goal).

Do you and your partners need a new Real Estate Partnership Agreement filled out and signed for each and every different property you take on? It makes sense when you have a flip property vs a buy and hold property. Also, must there be an LLC formed to have a Real Estate Partnership Agreement? Thanks!!

Great Feedback everybody. Thanks for your thoughts and helping me think it through!

I'm thinking about $1,500 for the pavers if I have a professional crew install it. I do allow pets as of now, but I'm also taking it from a Furnished Rental, to an empty Rental...and I'm trying to do some small value adds/updates while I'm doing this. I like the idea of lining the fence with some sort of shrubs and mulch.

I own a small town-house that has a tiny backyard. It's probably less than 300 sq. feet...And it's currently a mess of weeds and grass. Would it be worth it to simply have a crew come in and make the entire back yard into a small brick patio? It seems like this would solve the issue of maintaining a yard, but will folks enjoy that, or will that be a waste of money?

Also, I'm in the south, so I'm also concerned that doing so would make the backyard even hotter in the hot summers and less attractive to spend time outside.  Thoughts???

Hey Everybody!

I'm Jon Slater and I live in the Aiken, SC area. I have one property up and running and I'm looking to add more and more. I'd love to connect with like minded people to encourage and sharpen each other. Cheers!