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All Forum Posts by: Joshua Howaniec

Joshua Howaniec has started 33 posts and replied 257 times.

Post: Buying first property.. single family or multi-family?

Joshua HowaniecPosted
  • Contractor
  • Indianapolis, IN
  • Posts 267
  • Votes 144

@Justin Hayden as many units as you can go. Seldom do I hear a story of people going bigger than they can chew. Reality is once you commit and get your wife on board, a fourplex isn’t that hard to handle.

You may run into stuff that is unfamiliar but not difficult.

Also, the end goal of most investors is cash flow and cash flow is best realized in multi family properties. After expenses, remodel after each tenant etc, I don't think a SFR can really ever be profitable as a rental, they have to be an appreciation play.

@Lauren Hogan the filter system on a PC is aweful. It never loads right or doesn’t filter anything. Try looking for “jobs” and add a location filter.

Post: Is "live below your means" really good advice?

Joshua HowaniecPosted
  • Contractor
  • Indianapolis, IN
  • Posts 267
  • Votes 144

@John Wijtenburg spend money to make money would be better stated “spending money on assets will make you money”. It does not mean you need to lack discipline to make money.

I’m not sure why so many try to separate the concepts of frugality and investing. The fastest way to wealth is when the concepts of frugality and intelligent investing are married.

True, you need to spend money in a biz on marketing or assets to make money.

True a penny saved is a penny earned.

False, spending money like you are wealthy now will make you wealthy.

False, being frugal is a scarcity mindset.

It’s not about the cup of coffee at Starbucks, it’s about discipline. Can you budget your cup of coffee ? If so fine, but know that a lack of control will make your account porous.

Make a budget so you live well within your means. Budget in some nonsense like coffee if you want. But stick to that budget and save as much as you can to INVEST in investments that will make you more money that you can then SAVE and SPEND later on investments.

I think I’ve said the same thing 5 different ways now so I’m done for the night.

Post: New OOS Owner - I Think I Need to Fire my Property Manager?

Joshua HowaniecPosted
  • Contractor
  • Indianapolis, IN
  • Posts 267
  • Votes 144

@Mark Tabah message me if you would like some boots, and eyes. Also I know your PM. I’ve done floors on properties he manages.

Post: Why can't I find a job?

Joshua HowaniecPosted
  • Contractor
  • Indianapolis, IN
  • Posts 267
  • Votes 144

@Andrew Schulz are you a part of Cardone University?

Post: New OOS Owner - I Think I Need to Fire my Property Manager?

Joshua HowaniecPosted
  • Contractor
  • Indianapolis, IN
  • Posts 267
  • Votes 144

@Joe Splitrock no argument there. I’m just surprised. He and I met over a year ago and the investor using him always bragged on him.

Post: New OOS Owner - I Think I Need to Fire my Property Manager?

Joshua HowaniecPosted
  • Contractor
  • Indianapolis, IN
  • Posts 267
  • Votes 144

@Joe Splitrock I saw you stated that Jason was the owner of the company, did you mean David? I know that guy and if Mark is using David I would be surprised. In the past I have only heard great reviews about his level of attention. 

Post: Marketing to LGBTQ community

Joshua HowaniecPosted
  • Contractor
  • Indianapolis, IN
  • Posts 267
  • Votes 144

@Susan Wilhite

Gay Bars.

Post: Is it profitable to buy real estate that needs no improvement?

Joshua HowaniecPosted
  • Contractor
  • Indianapolis, IN
  • Posts 267
  • Votes 144

@Ben Feder it is still profitable and you still have the ability to value add, raise rents, cut costs (which in turn increases profitability). It’s just a different strategy and a longer game than flipping or renovating, and most would add less risky.

Post: I need a good contractor in Indianapolis!

Joshua HowaniecPosted
  • Contractor
  • Indianapolis, IN
  • Posts 267
  • Votes 144

@Christopher Petrillo sent you a pm