All Forum Posts by: Josh Franklin

@Kaylynn Nevil sounds great. Let’s connect

@Kevin Barry seems like a solid investment. Like the idea of the college town because even though it may be smaller in population you’ll likely always have renters looking. I also like that some renovations were made recently and you shouldn’t have much maintenance to worry about.

Are the rents where they need to be? Any opportunity to grow those at all?

I’m curious to hear from others their experiences from buying homes at auction. I’m new to real estate investing and have a strategy in place, but would like to expand my search.

Have you purchased property at auctions? What was the experience like after you made the winning bid? Have you gotten burned on a deal from auction? Mainly looking for things to be on the lookout for aside from liens and the normal red flags.

Thanks!

Congrats @Tony Robinson - just getting into the game myself and look forward to sharing some stories just like yours. Incredible work. 

Easy"ish" for sure. Moreso than me trying to rewire a laundry room or shingle a roof!

2% seems awfully low from folks I know who are involved with HML.

Have owned and sold 3 houses of my own. 2 of the 3 were fixer uppers. I would recommend starting with some "easier" projects that you could figure out or maybe have done before such as painting, flooring, landscaping, ceiling fans, etc. Things I have always avoided are electrical and some more specific carpentry work. It just comes down to what are you willing to spend your time learning how to do and is it worth your time?

Hey all,

My name is Josh Franklin and I'm based in Lexington, KY. This quarantine life got me researching many things over the past 50+ days. Many of my friends have been involved in real estate, some for a while and others relatively knew. I've lived in several houses and purchased at good prices only to sell 2-3 years later after very minimal upgrades and natural appreciation. Now I'm jumping into the real estate realm and doing so with a partner (my dad) who is a general contractor. The main area of focus is going to be BRRRR initially while I try to build some capital in the short term. Fortunately this partnership has its inherent advantages with not needing to go out and find a trustworthy contractor. Anyhow, I'm excited to continue listening to the pod and reading some books, as well as meeting some other investors who are doing things in the same vein.