All Forum Posts by: Keaton M.

@Zach Yusuf message me for my electrician. I think he floats between Austin and Killeen

@Dax Mickelson

For clarification, Which part am I wrong on? The time requirement? There’s definitely exceptions to that.

there have been a lot of people that have been burned by accepting to work with someone solely based on they were referred by a friend. I’m sure your friend has a great reputation and recommends great people, just don’t use that as your only qualification.

Lastly, make sure your expectations are very clear on what they need to bring to the partnership. Like do they need to guide you the whole way each step or are they just to advise on your decisions?

@Dax Mickelson

It sounds like you’re setting yourself up to fail and mislabeling it as mistrust or being robbed. From what you’ve shared, you’re going in blind to a deal based on your friends recommendation with the hope that one of the two “mentors” guides you along the way (and finds and fixes all of your mistakes). I would suggest starting smaller, getting educated, formulate a detailed plan, then finding a mentor.

I don’t think you can really establish a lot of trust without getting to know someone and their history, and that takes time. When you rush into it and need them immediately, you will likely get burned.

@Owen Dashner

Great foresight to be able to recognize a “bad” situation and get out.

What are your lessons learned on this purchase?

@Nadia O. @Justin Johnson

Terrible advice. They’re not being honest. (An indirect lie is still a lie). It’s not your fault he’s breaking the lease. I would not hand over keys prior to getting her through your screening process. Benefit of the doubt is great, until they prove the opposite. If she doesn’t pass and he wants to leave, keep whatever holding costs incurred and move on.

@Austin Sine

Thanks for the post, very encouraging and helpful.

I get nervous and hesitant about following through on this method as a part time investor. I feel like I would want to stay near the top of that brokers list but I don’t have the capacity or desire to purchase multiple properties per year. I believe it’s still important to begin that relationship as you laid out, but would my low deals per year deter them from me?

@Sean McCluskey

If there is no other distress, apart from the cracks, I would just get someone to repoint the mortar. It’s just aesthetic at that point. It would probably crack again but still cheaper than tearing it out to add siding.

@Sean McCluskey

I’m a structural forensic engineer and those are big cracks in multiple places. That’s significant movement that I would imagine would effect other parts of the house such as the basement. It looks like They’ve been repaired before and continued to move. The basement may be dry right now but that does not mean it has always been. I would dig into the house and seller more to find what other damage there has been.

Also, I wouldnt switch to siding. That seems like a bigger cost than what it’s worth.

@Yolanda Cervantes

I don’t think you can expect a veteran performance. If so, get a veteran. If you’re ok with leaving money on the table for the sake of family (which is absolutely ok) then go in with that expectation. I would much rather have a hard conversation and clear expectations over a lifetime of resentment.

Also, that may be other people’s expectations but that doesn’t make it your reality. You don’t owe him your business (unless you do for something else). It’s your money and your future. Don’t let others dictate your choice.

@Jacob Lapp

This is awesome what you’re doing and it is a lot of fun to get to help people where you’re passionate about. This is a great opportunity to learn and set some boundaries to protect your own wellbeing. My wife runs into this a lot bc she’s a fitness trainer and she loves helping people. She would do it for free if possible. Her clients often don’t understand the pressure they put on her and how much she has to go out of her way to accommodate when they keep asking for things and rarely show appreciation. A lot of it can be handled with a conversation and setting clear expectations. You might want to have that conversation with your friends and put some constraints on your availability. Even if you charge them or other people, they will still need to know your boundaries otherwise they make their own.