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All Forum Posts by: Justin Wotring

Justin Wotring has started 14 posts and replied 98 times.

Post: Closed on my first property last week!

Justin WotringPosted
  • Rental Property Investor
  • Orange County, CA
  • Posts 98
  • Votes 138

@Daniel Mendez right here on the forums after asking for referrals! We PM'd and then had a couple phone conversations to ensure our goals aligned.

Post: Closed on my first property last week!

Justin WotringPosted
  • Rental Property Investor
  • Orange County, CA
  • Posts 98
  • Votes 138

@Chris Christensen thanks! We did a video walkthrough on a couple other properties that didn't work out for one reason or another. Between the photos he sent of this property on a previous walkthrough with another client of his and photos from the property inspection, I felt confident on the condition and knew what work needed to be done. The goal is to raise the rents in the spring of 2020 after we tackle the immediate repair lists from the property inspection, tenant requests, and provide value adds. The biggest expense will be a new roof in the next 2-5 years.

Post: Closed on my first property last week!

Justin WotringPosted
  • Rental Property Investor
  • Orange County, CA
  • Posts 98
  • Votes 138

@Tariq Khan Thanks! Enjoy your time in Ohio but pack warm clothes! Maybe we can meet up at a local REI meetup. I've been to NOCREI once but would like to start going more often.

Post: Closed on my first property last week!

Justin WotringPosted
  • Rental Property Investor
  • Orange County, CA
  • Posts 98
  • Votes 138

@Michael P. thanks! How's your experience been so far?

Post: Closed on my first property last week!

Justin WotringPosted
  • Rental Property Investor
  • Orange County, CA
  • Posts 98
  • Votes 138

@Christopher B. thanks!

Post: Closed on my first property last week!

Justin WotringPosted
  • Rental Property Investor
  • Orange County, CA
  • Posts 98
  • Votes 138

@Eli Gilbert sounds good!

Post: Closed on my first property last week!

Justin WotringPosted
  • Rental Property Investor
  • Orange County, CA
  • Posts 98
  • Votes 138

@Zachary Metler thanks! The upper unit is occupied by a student, the lower unit is a family. There is potential to rent out by the room to students. Currently the upper unit is rented at $600, lower at $550. I've been told it's possible to get $400/room for this location if rented out to students. 

Post: Closed on my first property last week!

Justin WotringPosted
  • Rental Property Investor
  • Orange County, CA
  • Posts 98
  • Votes 138

@Robert McAleer thanks! Working on the value adds

Post: Closed on my first property last week!

Justin WotringPosted
  • Rental Property Investor
  • Orange County, CA
  • Posts 98
  • Votes 138

@Eli Gilbert the property is located in Toledo. I would like to continue building a portfolio in Toledo, and possibly Cleveland, Columbus, Cincinatti.

Post: Closed on my first property last week!

Justin WotringPosted
  • Rental Property Investor
  • Orange County, CA
  • Posts 98
  • Votes 138

@Andre Walker Thanks!