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All Forum Posts by: Jim Stardust

Jim Stardust has started 6 posts and replied 114 times.

Post: Best Rental Upgrades to Increase Rents

Jim StardustPosted
  • Real Estate Investor
  • Cincinnati, OH
  • Posts 119
  • Votes 59

You can spruce things up by doing a quick coat of paint, update the flooring (nothing too fancy) and then do little things like new faucets, door handles, lighting fixtures. Look at what you need and you don't have to do everything all at once. Most importantly, people like a clean place, if you don't have the time, just hire someone to clean it all up so it's spotless.

Post: Moisture trapped in windows

Jim StardustPosted
  • Real Estate Investor
  • Cincinnati, OH
  • Posts 119
  • Votes 59

Jonas and Jon,

Labor on windows replacement can run from $50-$75 a window depending if it's under or over 101 UI.

I had the same problem, brought a couple of people and they charge anywhere from $80-$120 to replace the glass, ended up replacing the entire set of windows, cost around $120 per window plus $50 or $75 for labor, the difference is amazing!

There are some products out there, where you can drill into the window pane and remove moisture but the reviews are mixed, cost around $50 per window last I checked.

Post: perfect storm update and concerns

Jim StardustPosted
  • Real Estate Investor
  • Cincinnati, OH
  • Posts 119
  • Votes 59
Originally posted by Loc R.:
Jim,

Gold at $2500 I can see.

Dow at 5000 I can see.

But what is his rationale for a "major war"? Are we talking 'get your bunkers ready?'

Loc, he mainly bases his predictions on what his cycle-based algorithms produce, no rationale, he just reports it.

Post: perfect storm update and concerns

Jim StardustPosted
  • Real Estate Investor
  • Cincinnati, OH
  • Posts 119
  • Votes 59

Anyone follow Prof. Charles Nenner? He studies cycles and he's been very accurate in his predictions the past, used to work for Goldman Sachs and then started his own firm based in the Netherlands. Anyway, he's predicting DOW 5000 by next year and a major war to break out at the end of 2012/early 2013. He's expecting Gold to hit $2500. He says there will be no where to hide when things get ugly later on next year, it pays to at least be prepared for different scenarios or think of what you might do if things unravel as some are predicting!

Post: REO and Rental Market in Atlanta: why so cheap?

Jim StardustPosted
  • Real Estate Investor
  • Cincinnati, OH
  • Posts 119
  • Votes 59

Forget the last sold price, take a look at the comps in the area and it'll give you a different picture. I was intrigued so I did a quick search on Trulia, and the comps for places sold are all in the $20K's range!?

Post: Should I build my own site or use a pre-made site?

Jim StardustPosted
  • Real Estate Investor
  • Cincinnati, OH
  • Posts 119
  • Votes 59

Get something up as quickly as you can, if you can do it yourself, that's great. If not, hire some freelancer and they can get you up and running in no time, for almost nothing. As your business grows and improves, you can add and modify the content of your site. Take elements that impressed you from other sites and try to incorporate them into yours. Most importantly, you have to ask yourself this question (and be able to answer it), what do you hope to accomplish from having a website? Build traffic, improve image and reputation, distribute and share information, or just want something to put on your business card? The answer might help you choose which route to take and how much money/time you need to invest in having your own unique website.

Post: Cut ties with buyer agent?

Jim StardustPosted
  • Real Estate Investor
  • Cincinnati, OH
  • Posts 119
  • Votes 59

Joseph, I wouldn't read much into the timeframe, he's probably trying to assess your worthiness and potential before he invests a bunch of time, especially if they work in a busy office. What about your other communications with him? How did you find out about him, what kind of questions did you ask and more importantly, what kind of questions did he need to find out from you? So before you "cut your ties", I would wait and see how he responds after you get your pre-approval letter and he knows you're not a tire kicker.

Post: Balancing Spending and Saving

Jim StardustPosted
  • Real Estate Investor
  • Cincinnati, OH
  • Posts 119
  • Votes 59

Always search for balance in your life, money and success are worthless if you can't share them with people who you love and love you back. One of the greatest mistakes I made earlier in my life is that I thought that once I achieve a certain level of success, that I can then be happy, pay more attention to my family and friends, and live a balanced life. I convinced myself (and even those around me) that everything will be fine next month, next year, once I got to accumulate this or pay off that, etc...and it was all an illusion. The more success you have, the harder you work to make more and protect your assets, and you'll always find excuses why you have to work more and enjoy less. BIG MISTAKE, it almost cost me and I've seen what we term "success" and "wealth" ruin some great and wonderful people.

Set goals for yourself, set money aside to enjoy life and reward yourself, not only when you close a deal but even if you fail or lose! Focus on acquiring "experiences" instead of "stuff". Enjoy life when you're young, because when you're older and have all the money and wealth, you'll look back and say I wish I did this or that when my body and life allowed me to do certain things. You've heard all the cliches, they have some truth behind them, always search for balance and you'll be fine.

Post: perfect storm update and concerns

Jim StardustPosted
  • Real Estate Investor
  • Cincinnati, OH
  • Posts 119
  • Votes 59

There were two major acquisitions yesterday, and both were done in cash. Google bought Motorola Mobility for $12.5B in CASH. This tells me that the smart money would rather acquire assets with cash rather than borrow or use their stock, what does that tell you about the value of today's dollars? It's going to be a fun ride for the next several years, buckle up. :wink:

Post: Paying off government debt

Jim StardustPosted
  • Real Estate Investor
  • Cincinnati, OH
  • Posts 119
  • Votes 59

Hey Bryan, care to elaborate on that last sentence?