All Forum Posts by: Joshuam R.

Quote from @Joshuam R.:

Get a cost comparison value for that garage, then get it discounted of the purchase price if possible. Then demo it, and add a shed on concrete piles with wood floor framing cost effective and adds new storage to the property.

Glad the rest of the house passed.

Best wishes. Thanks for sharing.

 for the side, zero gravel or fill, just add some garden type planter or few plants on nice pots to fill the side. feels like the view may be you step out of the home on the back and you see that garage, it would be a nice touch and life added to it.

Quote from @Aaron Breckenridge:

Quote from @Joshuam R.:

Getting pretty sick and tired and annoyed with the top contributors in forums just posting random little answers has nothing to do with answering the posted question or helpful. They do it just to get more activity points or share how more amazing or greater they are than your posted question. Ridiculous, I am starting to call them out every chance I run into them.

But boy oh boy a nice magenta color dislike button would be fun!

Hook it up BP

Use the "Report Abuse" function and we'll look into it (in the menu below the post). Otherwise, don't engage with it or you just make the problem worse.

 Correct Aaron not here to make the problem worse, I also no longer do a courtesy vote anymore for engagements to my posts. And yes, I understand, I also do no interact with empty comments. Once in a blue I do point out kindly to the individual that their comment has zero intensions to the original posts.

Thank you for the function option you mentioned. Good to know. Was what I explain actually falls under "Report Abuse" for the wasted empty comments from others? 

What would you need us to word it as when reported? 

"Comment does not apply", "comment for self-glorification", or .....?

I appreciate your feedback.

Get a cost comparison value for that garage, then get it discounted of the purchase price if possible. Then demo it, and add a shed on concrete piles with wood floor framing cost effective and adds new storage to the property.

Glad the rest of the house passed.

Best wishes. Thanks for sharing.

Quote from @Richard F.:

Aloha,

I would not waste money on an engineer, just Demo it. The foundation is bulging because it was not properly laid, with apparently no rebar, or proper footings. You will spend more than the cost of new to have experts study it, and try to restore it to a square and safe condition.

 100% correct.

All excellent answers and suggestions.

I say your first option posted was the selling part which deep down you may already know within your new journey and circumstances is the way to go. But option 2 kicks in when you remember and realize the hard work and emotional milestone attachment of the "forever home" you accomplished and somehow would love to hold on to it.

Let it go, and stay away from that phrase, Planet Earth is your home, and also even that us here is not forever.

Best wishes! and once you get here, "Welcome to Florida!"

Please if you like to share, pretty please with a cherry on the top, do so only if you personally or your operations reflect this question, thank you:

"I know we all here share plenty of advice to stay away from certain products or risks and projecting your personal reasons of why you don't want to invest in this, in that, etc.

I know all investments are hard work and dealing with people and responsibilities are hard work, but I want to know who actually is pursuing such properties in such neighborhoods with open arms and actually enjoy it and love the results in such D class and enjoy managing them."

Getting pretty sick and tired and annoyed with the top contributors in forums just posting random little answers has nothing to do with answering the posted question or helpful. They do it just to get more activity points or share how more amazing or greater they are than your posted question. Ridiculous, I am starting to call them out every chance I run into them.

But boy oh boy a nice magenta color dislike button would be fun!

Hook it up BP

Quote from @Charles Carillo:

@Joshuam R.

I have previously owned/managed D/C- rental properties for many years, and they are challenging to manage. The properties require daily attention, there are always issues, and rent is never paid on time or in full. You cannot really find 3rd party property managers for these properties as well, since most will not do it. 

If you really want to purchase D-class properties, I would make sure you are able to manage it yourself (or you have a team), you have deep reserves for non-paying tenants and repairs. Maybe see if there are any local government programs available to landlords who purchase/renovate in the areas you are interested in.

Thank you for the input. Good read. Yes, I agree that personally managing it with your own means/method and processes is best. It is also personally for us managing our own SFH. Filtering out the right candidate that fits the script for the intended property. I can see that one at a time model working for any class type, I also do understand it will be more difficult if needing to fill multiple units at once. Good to keep in mind your insights. Thanks. Best wishes.

Quote from @Chris Seveney:

Quote from @Joshuam R.:

I was born in low income due to that lived in the hood, bad ones as a kid (Camden, NJ | Projects in PR) also first few years as a married couple (Texas Ave, Americana Blvd, O.B.T.) "Started from the bottom now we here" level now.

I know we all here share plenty of advice to stay away from certain products or risks and projecting your personal reasons of why you don't want to invest in this, in that, etc.

I know all investments are hard work and dealing with people and responsibilities are hard work, but I want to know who actually is pursuing such properties in such neighborhoods with open arms and actually enjoy it and love the results in such D class and enjoy managing them.

 tried it once and never do it again

By posting detailed question in Bold and Underline I sure thought it was helpful and clear to our members reading my post I was hoping I did not have to bring out my violin. Guess I failed.

I already know the ones that do not like such product or experience and do not enjoy it.

Again, looking for the real ones with helpful feedback and persistent experience that enjoy the Class D challenges. The ones that are Proud to do it and risk it.

Quote from @Bob S.:

Quote from @Joshuam R.:

I was born in low income due to that lived in the hood, bad ones as a kid (Camden, NJ | Projects in PR) also first few years as a married couple (Texas Ave, Americana Blvd, O.B.T.) "Started from the bottom now we here" level now.

I know we all here share plenty of advice to stay away from certain products or risks and projecting your personal reasons of why you don't want to invest in this, in that, etc.

I know all investments are hard work and dealing with people and responsibilities are hard work, but I want to know who actually is pursuing such properties in such neighborhoods with open arms and actually enjoy it and love the results in such D class and enjoy managing them.

 Buying as many as we can in certain neighborhoods of C and D areas. Heck we bought all in for 25k, with rents of about 23k NET per year, do the math. Now those same properties are selling for 100k, and IMO will triple over the next 5 - 8 years. Its ALL about knowledge and your team. I just picked up a 7 unit two weeks ago all in 200k net rent about 39k, IMO it will double in value as we see/ know whats coming. I can provide many many examples of properties in the C- D areas that have doubled tripled or more.  again its ALL about knowledge and your network. I love it when people tell us we are crazy. 

All the best 

 See that's the energy I know is out there and possible, also from good fair/firm landlords. Congrats, thanks for sharing.