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All Forum Posts by: Matthew Paul

Matthew Paul has started 164 posts and replied 6658 times.

Post: How do you know when a house is too old?

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,826
  • Votes 7,373

How much will you spend in repairs on a 1920's house with renters ? 

Very little or a whole hell of a lot . 

Nothing in land lording is written in stone .

Post: My Involvement in Fixer Upper

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,826
  • Votes 7,373

Since your Dad doesnt want to deal with your Aunt , what makes you think you will have it any easier . 

Buy your Aunt out first 

Post: How to find the best Real Estate Agent

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,826
  • Votes 7,373

Just call up an agent and ask them if they are the best in their market , odds are the first call you make will be the one .

Post: Too good to be true to have connected with a real estate agent who has a whole team?

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,826
  • Votes 7,373

If this is such a great deal , and they are such a great agent , why is that deal still available ? Wouldnt you think the agent would have offered it to their established client base and it would have been scooped up right from the beginning from a local investor ?

Post: How do you find the ideal purpose for a property?

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,826
  • Votes 7,373

What do you want to be , a house flipper , or a landlord ?   Thats how you evaluate . Each one looks at a property differently .  

A landlord looks a t how much the property will make long term.

A flipper looks at how much in a short term .

Post: Can I sell my house with tenants

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,826
  • Votes 7,373

sell it to the tenants 

Post: Is debt relief a good idea, filing bankruptcy

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,826
  • Votes 7,373

@MIchael McCUe Wrong ,..... Saving money isnt your problem , spending it is .  First sell off things you dont absolutly need . Second , there are 7 days in a week , work them all , it solves 2 problems , you wont have time to spend money and you will be making more .  

You have to want it , this means sacrifice . Stay at it for 2 or 3 years and you will have your down payment 

Post: Seeking Strategies to scale up

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,826
  • Votes 7,373

@Alan Mills You mention contractors not keeping a time line , not General Contractor .  Scheduling is the hardest part of construction , good subcontractors are not sitting home waiting for the phone to ring , they are scheduled out weeks if not months ahead of time . Contracting is all about relationships , knowing who to call and when to call them . Knowing which subs go deer hunting , fishing , will or wont work weekends , which ones are tied up on longer jobs , etc . I work with 4 electricians , 3 plumbers , 4 HVAC , 5 or 6 framers , if 1 is busy I use another . 

On a rehab I have anything that needs to be ordered ready to submit before I settle , I place the order the day of settlement . Same with permits . Subs are already on board and scheduled . Dumpster is delivered and demo starts the first week . 

And honestly it boils down to money , thats the bottom line . If you want good contractors out there quickly , pay their price and pay it quickly . 

12 months is too long , we can build a 3000 sq ft house ground up in 3 months . 

Post: Building a Long-Term Affordable Housing Strategy

Matthew Paul#2 Contractors ContributorPosted
  • Severna Park, MD
  • Posts 6,826
  • Votes 7,373

What you have described sounds like a real estate  race to the bottom and you will be in the lead .