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All Forum Posts by: Josh Arnold

Josh Arnold has started 5 posts and replied 17 times.

Post: Renter Qualification - Income Requirement

Josh ArnoldPosted
  • Financial Advisor
  • Fort Wayne, IN
  • Posts 18
  • Votes 3

You are talking about a resident in medical. Much stronger character there then someone who just "got a job" and is making money. Radiology is one of the hardest trainings as well as best paid. I don't think they are going to want to ruin their life starting out. If you are still concerned, ask to speak with the employer. He can give permission to discuss terms of employment

Post: Tenants left house with bad dog urine smell. Fix?

Josh ArnoldPosted
  • Financial Advisor
  • Fort Wayne, IN
  • Posts 18
  • Votes 3

For $25 bucks you can go to the local janitor supply and purchase a jug of BioPlex D. Then just have your cleaning person spray it. I always use a pump sprayer. 1 or 2 applications gets it done!

Hi Nick,

I am just north of you in Indiana. 

I would appreciate the opportunity to talk about real list sources and generating deal flow. I see all these guru's hype up "Pay for their course to find deals" and to be honest, I'm unsure if they are actually investing or just making their money off investors. Kind of like the people making real money during the gold rush were the ones selling shovels & pick axes.

Do you discuss any of these topics?

Post: Tenant Offers Yard Services - How to go about this?

Josh ArnoldPosted
  • Financial Advisor
  • Fort Wayne, IN
  • Posts 18
  • Votes 3

Sticky situation. What if they don't perform?

I would sign a contract. No reduction in rent, but you will pay them. Also, if they don't preform they are penalized. Both parties know this going in! Then, to keep things easy and at a min, just pay the $25 and get them the UC-1 Form (In Indiana they can wave their Workmen's Comp) so they are responsible for all things.


Best of Luck

Post: How? Growth Strategy: Wholesale, Multifamily,Commercial, Landlord

Josh ArnoldPosted
  • Financial Advisor
  • Fort Wayne, IN
  • Posts 18
  • Votes 3

Hi Craig,

Would love to connect.

Post: Buying Preforeclosure / Foreclosure - before Auction.com

Josh ArnoldPosted
  • Financial Advisor
  • Fort Wayne, IN
  • Posts 18
  • Votes 3

Does anyone contact homeowners that are listed on Auction.com to buy them before the Auction Date? 

Is it successful or is there a better method for working with distressed?

Post: How? Growth Strategy: Wholesale, Multifamily,Commercial, Landlord

Josh ArnoldPosted
  • Financial Advisor
  • Fort Wayne, IN
  • Posts 18
  • Votes 3

What is the thing that you began doing different that really accelerated your growth and changed everything? I am struggling with working full time, being a father, and finding time to work on the business. Would love to hear input and have some conversations if you are interested.

Post: Bradenton, FL Reccomends

Josh ArnoldPosted
  • Financial Advisor
  • Fort Wayne, IN
  • Posts 18
  • Votes 3

In the past, I have viewed properties that were remodelled and then looked up who pulled the permits for recommendations of contractors to contact.

On a side note, I have been looking in Bradenton for a current STR that would later become my retirement home. Would love to chat.

Post: Buying off market without an agent

Josh ArnoldPosted
  • Financial Advisor
  • Fort Wayne, IN
  • Posts 18
  • Votes 3

This is the BEST WAY TO BUY!!! 

Call a title company and get them set up. They can probably provide you a standard purchase agreement too. Assuming you have done your appropriate comps research all you need to do is allow for an inspection period of 0-15 days and make sure you are preapproved.  Worst case, consult with an attorney and they will probably charge $250-$400 for a purchase agreement contract. Otherwise, you can spend a $1000 or so with realtor to hold your hand through the process. Just don't be afraid to make the leap and welcome to the investing party!!!!

I purchased a house in Feb 21' for 110K. I put 35K into it and just got it appraised at 215 and I owe 90. I can refinance it to 180K and pull out 90K or only get a $50K Line of Credit. 2nd property I own easily has 100K of equity in it. I also own other houses and have an additional 100-150K of equity in the 3 of them.

Given my portfolio make up, should I look at refinancing both houses to have cash on hand, and at the same time incur all that interest even though I have no current projects going on or do I look at Commercial loans next time? The refinancing fees is killer at +/-3K a piece. 

I would be interested to see one's take on how to pursue growing and financing at the same time

Thank you,