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All Forum Posts by: John Henderson

John Henderson has started 7 posts and replied 42 times.

Post: Full time

John HendersonPosted
  • Flipper/Rehabber
  • Wichita, KS
  • Posts 43
  • Votes 9

Update: Kitchen is coming along nicely.

Read a tip from another BP'er about a usb outlet so I added a 4 port usb charger to backsplash area  that has seen constant use, great tip! 

 Painting is going to be finished this weekend.  Hardwood floors are last thing to be done.

Facebook has been monumental in this project. Using the buy/sell groups I posted a picture and a coming soon caption that has been great for exposure. By doing this I have gained a few very interested, preapproved, FSBO friendly, Buyers.

Looks like we might make the Aug. 1st deadline.

Thanks  @Jared Schroeder and @Lindsey Clifton  for the kind words. 

Post: Full time

John HendersonPosted
  • Flipper/Rehabber
  • Wichita, KS
  • Posts 43
  • Votes 9

Have you ever wanted something real bad and then you get it and are like "now what?"  

Let me back up a second with a little history about me.  I have been a 8-5 hourly worker pretty much my whole life.  Always have been good at solving problems and good with my hands which lead to jobs like being a mechanic on various things like cars and bikes and ending with copiers.    

I spent the last several years looking for a way to change my life's outcome. That is when I decided to enhance my financial IQ. Read "Rich Dad, Poor Dad" and it was like a light bulb went off in my head on how to change the future. I then followed the path a lot of us have and read all I could on REI., found BP, and took action.

My first step was to find financing

I did this by going to a local small bank that had sent me a postcard advertising they wanted to loan me money on a new car.  My thought process was, if they are sending direct mail that they have extra money to loan and might take a chance on me.  My assumptions were correct. 

 I did my homework and had a property report from a local auction to show real word numbers and a business plan to show the bank,  which I think made their decision to say yes easier for a first timer.

My First buy.

I searched for the perfect flip.  I looked at a bunch of junk, some too expensive, then found one just right.  This was on a national auction site and somehow managed to win the auction.  That was in January.  It then took 5+ months to close and another month to get the title work right and a rehab loan completed.  Without the rehab funds because of the title delays it made for a lot more sweat equity than initially expected. 

Tip: I wished I would've had a set of door locks all rekeyed and ready the day I took possession.  I ended up having an expensive locksmith do the job. 

One of my issues: Tile Guy.

HVAC, Painter, Plumber, all been great. Fabulous even.  Tile Guy not so much.  This is the second go at getting some straight subway tile on the walls.  Filtering through bad CL guys and liars that have good talk but no game has made me a little crazy.

This tile was scheduled to be finished yesterday...

Standing behind the decision to remove the popcorn off the ceilings.

Getting there but my drywall can't go in because I have some electrical work needed in the wall first. 

 Tip #2.  A pair isn't always a good thing.  I found a drywall/tile guy that came with a bonus journey electrician girlfriend.  As expected she left too when I fired him.   

August 1 deadline,  it's a challenge, but I like challenges.

Post: Foundation Repair Who's your Guy?

John HendersonPosted
  • Flipper/Rehabber
  • Wichita, KS
  • Posts 43
  • Votes 9

Neil's gave me an estimate to place beams and waterproof the basement on my current project.  The estimate was about $500 a beam installed but also offered other alternatives like some angle iron bracing to keep things in place.  I had already addressed the water problem created by a gutter dumping under a deck, and water pooling in low spots.  FWIW... As far as bowing walls in the basement, I watched a youtube video where someone dug their foundation out then used 6x8's bolted to the wall and floor along with a hydraulic car jacks and moved a large wall quite a ways,  then bolted angle iron to the rafters and sill plate.   

Post: Newbie from Wichita, KS

John HendersonPosted
  • Flipper/Rehabber
  • Wichita, KS
  • Posts 43
  • Votes 9

@Jessica Dold Another local Wichita rehabber here, welcome to BP.  Lot's of great learning material here to help you out.  Be glad to help in your adventure if it's ever needed.  

Post: Foundation Repair Who's your Guy?

John HendersonPosted
  • Flipper/Rehabber
  • Wichita, KS
  • Posts 43
  • Votes 9

@Jonathan Nguyen I wish I had found that guy or company that I could recommend.  At this point I only have been able to come up with phone book companies.  The search continues... 

@Blake Billington Welcome to BP!  Have you seen this post 

  https://www.biggerpockets.com/renewsblog/2015/09/0...

  Might be something to consider reading before investing in a 25k house.  I might look at using that money as a down payment on something you might end up being able to cash flow and/or sell in the future.  Good luck!  John

Post: Industrial/Flex Property Manager in Denver

John HendersonPosted
  • Flipper/Rehabber
  • Wichita, KS
  • Posts 43
  • Votes 9

@Mike Hicks Welcome to BP!  Glad to have you here, love hearing the WSU success story!

 Go Shox!  

Post: Kansas City realtor and Wichita realtor

John HendersonPosted
  • Flipper/Rehabber
  • Wichita, KS
  • Posts 43
  • Votes 9

@Joshua Redmond I'm not a realtor, yet, but know the Wichita area very well.  Be happy to help out on a local questions that might come up while visiting the community.  Feel free to message me.

John

Post: Newbie from Salina, KS

John HendersonPosted
  • Flipper/Rehabber
  • Wichita, KS
  • Posts 43
  • Votes 9

Welcome @Jeremy Morris RDPD is what set me in my path as well. Lot's of good info and people around BP and Wichita.  Most people, myself included, like to help other BP'ers when we can.  Feel free to reach out be glad to help. 

Post: Looking for a savvy agent in WICHITA, KS to work with!

John HendersonPosted
  • Flipper/Rehabber
  • Wichita, KS
  • Posts 43
  • Votes 9

@Jake Hartman Hit me up here or on FB let's get together and have a Starbucks and talk some shop.  Glad to see a familiar face in this business.  Have a good one.