All Forum Posts by: Josh Hurles

Actually - one specific questions now that I’m getting into some details with him…

he’s claiming we spent (or agreed to spend) 48,500 on demo electrical plumbing drywall framing stucco and windows. 

However, Iv only given him 40k in draws. And none of these overages were cleared with me. So do I have a right to cut him and not pay the additional 8,500? 

I’m not trying to rip the guy off. He hasn’t provided a single invoice and it seems as though he pledged money to people that supersedes the scoped of the budget without telling me. He also said - in text - that he added things BACK into our budget without adequately informing me, hence why costs went up (insane) 

So am I on the hook for what he’s pledged his subs? Obviously I could put that 8,500 back into the house and help move this along. 

Thanks guys 

Actually - one specific questions now that I’m getting into some details with him…

he’s claiming we spent (or agreed to spend) 48,500 on demo electrical plumbing drywall framing stucco and windows. 

However, Iv only given him 40k in draws. And none of these overages were cleared with me. So do I have a right to cut him and not pay the additional 8,500? 

I’m not trying to rip the guy off. He hasn’t provided a single invoice and it seems as though he pledged money to people that supersedes the scoped of the budget without telling me. He also said - in text - that he added things BACK into our budget without adequately informing me, hence why costs went up (insane) 

So am I on the hook for what he’s pledged his subs? Obviously I could put that 8,500 back into the house and help move this along. 

Thanks guys 

DSCR is not for down payment

Few DSCR lenders do loans under $250000

What is long term rents for both units? Needs to exceed $870 a month for 20% down. 

Welcome to BP Val!

You're not alone in the "wilderness" of real estate after those first couple properties.

Many of us, including me, got stuck trying to figure out what to do and how to get the next property. Many days, I felt like I was scheming like Mr. Burns on The Simpsons.

I was trying to do so much with the properties I owned: I looked at HELOCs on investment properties, blanket loans to cash out refinance, etc. So, here's what I did:

1. Pressed "pause." I needed to slow down and not touch those properties with 2.375% interest and cashing flow well. They're fine.

2. Remember the long game. I reminded myself that real estate investing is a long game, and I don't need to make a move every month. Maybe not even this year. I may be educating myself and preparing, but I want to be more deliberate and purposeful, not spinning my wheels like Chicken Little.

3. Returned to my niche (and my "why). You're "why" is important because it serves as your compass for your purpose for why you do what you do. It centers you and keeps you grounded in those long hard, boring days. Well, at least keeps you from making crazy decisions. Defining your niche is important because it keeps your head from spinning at every other real estate strategy.

Your niche and "why" work together to reach your final destination in real estate investing and life. They draw the blueprint and lay out your path. They fuel your passions.

4. Served others within my niche. I took several months away from real estate investing (while working on my real estate license). I returned wanting to help others achieve long-term financial wealth through real estate. So, you see me here on BP. I try to provide value and inspiration for others.

5. Opportunities come. As I am an investor that happens to be an agent, I've found a way to help others and have an opportunity to grow my portfolio. In the next couple weeks, I'll have my first meeting for a JV to join a group of veterans get started in real estate investing. I'm excited about the initiative.

As a result, I feel a lot more at peace and less stressed about not having a deal done yesterday. I feel I have greater focus and passion for my future in real estate, especially as I help others.

I hope something I wrote helps. Maybe this was my own therapy session. Don't worry, I won't send you a bill. 🤣😉

I wish you all the best in your investing journey!

@Josh Hurles @Triston Blodgett, a friend of mine, Willie, hosts a meet up in Stockton every month.  We have had some pretty good size turnout at almost 30 people lately! It's every month at the Panera on Pacific Ave.  The next one is March 25th at 10am.  They usually go an hour and then a lot of us stay another hour or two after as well.  Would love to have you there!