All Forum Posts by: Account Closed

I would tend to agree put in the appliances - make it easier for a tenant to move in - Looks like a nice enough place, no one lives on top of you and you have a yard for the kids and dog - 1st 3 months rent free with security deposit up front with 18 month lease - I was poor once and every $$$ counts when you can't afford new purchases 

Great backyard for an illegal global warming bonfire, with the family, on holidays

In Arizona the owned media have made it their mission statement to make it illegal to have a backyard bonfire on every official federal holiday.

OK as a quick flip money investor I can understand that you want in and out quick - Crap if I was rehabbing a floodplain house I would want in and out fast as well

Actually I don't think that I would ever want my name on the property deed like ever - However if there was ever a way to make a quick buck this may just be the way without risk especially if you were using an out of state corporation like Nevada as your flow through 

I heard they are turning them into mosques or houses of prostitution.

Maybe just bulldoze it and turn it into a hotel or a franchise restaurant location if it has a great traffic count with little competition.

I guess you could try the Boutique Air B & B route

Save up your money another downturn is coming.

Automation and the internet are gonna kill a lot of jobs and entire industries, A lot of people are entirely dependent upon their stock market 401K or pensions (Some of the funds will never be able to pay up) for their income, the country is $20 Trillion in debt and no one can agree on anything, the healthcare system is in a state of complete debacle, we have recently seen 3 major disasters hit our soil (Houston, Florida and Puerto Rico - Puerto Rico was already broke and now they need more money because they are even more broke than they were before) - Our government and most of it's people are still operating on an economic system which was designed 90 years ago (3 generations) which will no longer function as we go forward -  Interest rates have to go up eventually which means more expensive money, Let's not forget the tax thing (We had a 94% income tax rate and they confiscated gold during the great depression)  etc, etc, fill in the blank

Now I don't want to be a Negative Nancy or a Debbie Downer but someone has to survive the next downturn to pick up the pieces. We'll survive and be stronger afterwards but still the collective willpower doesn't seem to be there.

What does your gut tell you ???

Save up your cash and be ready to prosper during the next cycle.

Good things come to those that wait. Perseverance, Patience and Cash are King.

Interesting I've recently (Like within the last 12 hours) come to realize (Unrelated to this post) that there may be more money than smart people living in Dallas.

 Honestly I don't have a clue what any of that means David.

I'm just a dumb guy that goes to work everyday.

Some investors laugh at me, some think that they are better than me, some are scared of me, some are terrified of me and others see no value at all in me.

That's my current perception, right or wrong. That's how I see landlords right now.

 Maybe that's really the best way.

I've been operating on a wing and a prayer for so long even I believe my own lies and promises.

 Interesting.

So you found a buddy with a neighboring apartment complex and you were able to come to an amicable agreement to share his resources.

A sub-contractor for apartment management.

That's really fascinating actually.

Is that a handshake deal or is it in writing ???

I have a handshake deal with my sub-contractor right now, but he is currently mad at me. I know he'll overcome it and that we'll work through it so that we both prosper but I have already made provisions so that I can't be held hostage going forward.

But A level has already built an apartment complex with it's own bowling lanes and movie theater.

And if they haven't then they aren't really my competition now are they.

Their just people born with a silver spoon in their mouth.

 Do you own the neighboring property ???