All Forum Posts by: Mike Campbell

My question is, can somebody dumb this down for me, Please, and thank you.

Last Updated: May 12, 2015

Does Job Growth Predict MF Demand? Maybe Not

By Paul Bubny | National

Always expanding: Coming May 4, GlobeSt.com launches Boston city edition. Update your preferences to receive weekly digest emails for our new markets.

Using the long-term average for Dallas job creation could produce highly inaccurate apartment demand metrics in a given year, says MPF.

CARROLLTON, TX—Growth in jobs is frequently relied upon as a metric for predicting future apartment absorption. However, findings from MPF Research indicate that this metric

Chris;

I forgot to mention, there also might be some truth to Jesse T. statement. but who cares it still might be a great opportunity.  

Chris;

A mentor is a great opportunity 

Man O man I would love to have an opportunity like that, its a "OPPORTUNITY" Jump on it, as long as your not losing money whats the worst case scenario 

If It was me this is how I would approach it.

1st We need to have an up front understanding, so later there is no misunderstanding. In writing if possible (CYA)

2nd, question to ask your self and maybe him, does he normally have inexperienced Project Managers run his projects, Whats in it for him. (CYA)

Then one needs to understand to make money for self, you need to make money for others. How are you helping him make money.

whats his expectations

Who's making the schedule  

How are you getting compensated and when

Meet with him everyday if possible even if its for a quick coffee, get to know him personally, create at a relationship, ask questions, then listen.

Do more then is expected and ask for nothing in return, you will get compensated for that later (Maybe) 

Get your hands on anything you can about Project management and read it. lots of info on the web.

Read How to win friend and influence people, BY Dale Carnegie and Think and go rich by Napoleon Hill 

Don't be afraid to speak with and ask question of the trades, suppliers, city officials and whom ever is involved, they have been there and done that in there area of expertise, most of the time they know the best way to get it done, just ask, What do you think is the best way, then take notes, you get them on your side they might do a little more if asked.

The only thing I can guarantee is, if you don't try, nothing will happen

This might lead to some cool stuff, one never knows.

Good luck

In my opinion that was your 1st mistake, " He who helps plan the battle never battles the plan" from how to win friends and influence people by Dale Carnegie, a must read.

The above means you sit down with the trades individually and discuss there part and ask them what is the best way to move forward and as efficiently as possibly, they will tell you how to develop the schedule and plan, this dose not mean you do and agree with everything they suggest, this give them a say and respect and its there idea, so they think.

I have done a few projects and I have never needed signed contracts with the trades, theirs more to managing projects then nuts, screws and wood, you are in the people management 1st and the trades are running there own business to make money, trust me that comes 1st in there minds.

Mike

Brandon;

I’m working a few properties with this issue;

1st property is a flip,

FEMA came in a few years ago and put a blanket over the whole town, it is up to the individual to prove that your property does not require flood insurance, this is accomplished buy finding and hiring a surveyor who knows how to do a proper evaluation of the property in regards to FEMA, also the surveyor must also know how to push the paper work through to get the certificate that says no flood insurance required, this cost me $300, Worked out great.

2nd property new construction,

Same surveyor shots the elevation then can recommend a fix, meaning what can be done to either bring the land up, develop the house to conform so no flood insurance will be required, would be a good idea to understand rural development loaning rules and other home lending programs on homes in such situations, why you ask? would kind be a kick in the paints to find out the mortgage lenders still might have some restrictions after you do all the work to complete the project.

Details details details then numbers numbers numbers

Good luck

Mike

Dexter;

I read a little something bout this subject the other day on BP.

Way to many moving parts and didn't sound like a good Idea

Why do investors buy HOA liens at auction?

http://www.biggerpockets.com/forums/67/topics/6706...

Will;

Every tenant I have Evicted  we get a no trespass handed to them by the sheriff when they show up to evict. 

If she shows up she gets arrested

 Thanks all for your reply.

Scott;

So buy and build to sell at a price that would turn heads and get noticed.

The street is dead, How to bring it back to life.

Here’s the deal, I’m looking at a street that could have some good numbers building and selling duplexes/triplex in a cul-de-sac, I believe there is need for the town.

These lots have been for sale for years on and off the market, even the current house have a tough time selling.

The research;

1st wrong side of the town/main street, if you have kids they would have to cross this busy road to walk ride to school/park.

2nd. A block or so down there is low income housing, not section 8, but assisted paid living.

3rd. across the street houses the sheriff’s department.

4th. The Street is behind a restaurant, there is at least 100 ft separation.

How does one create the need and want to live on this street? Is It simply a great house at a great price.

How does one change the negative image?

If it was you how and what would you do about this possible opportunity

Thanks for your time.

Mike

Call a bank or two that would lend on something like that

Call your Insurance guy, they have a pretty good Ideal on replacement costs.

Get a print made up and bid it out.

Mike