All Forum Posts by: Mike Reynolds

 7 3/4 is the max now for new construction. Grandfathered it's 8". But you should check local ordinance. They usually won't deviate from accepted code though. 

Or, you could go 7 1/2" riser for 15 steps (minus 1 step for going below the floor) at 14 total steps leaving you with 140". So now you are only 20" away from your final dimension. That might could even go half out there bottom and half cut in at the top. 

 Figure 15 stairs. Instead of bringing the stair stringer all there way to the top, bring it 7" below the floor. This will save you 11". If you go the minimum 10" tread, that would add up to 150" instead of 176" with 16 treads @11". 

Then, if you could cut 30" out of the top elevation you would be in compliance. 

8" rise is ok but the 8" run is not. How many steps are there add I'll do some figuring for you.

While 8" rise is the max, it's not very comfortable. How much room do you think you might have to add to the run? 

 What makes them not compliant? Maybe I can help. Stairs are easy. I built my first set at 15 yo and I turn 60 this year. Maybe I can help you make them compliant. 

Some in here are assuming investors are buying property at retail. If you buy a 200k property for 100k and spend 40k to get it to retail, you've made 60k in a few months. Certainty doable on the stock market but not likely as there are many more factors involved. Your appreciation on your now 200k house is better because you only have 140k invested in it. 

I was told you make your money when you buy it. When did this change?

 I wish there was a laugh button instead of just a like. But I can’t find any flaw in that reasoning. 

If there ever was a guru worth 30k you would be one of those. I might even buy you 2 bottles. I might have to take a shot myself.  

 And thank you also Dave. I still can't believe we had to wait so long on the sellers lawyer to close on that house. 

I usually don’t post my personal business in here but RE has put me in a very good spot. I started in Dec. 2019 with an 80k equity loan (thanks to the advice from @Jay Hinrichs) and 500 dollars cash for a survey. Last year I netted over 143k and grossed almost 400k. How’s that for a cash on cash return? The equity property I sold for 250k and had @Dave Foster 1031 the remainder into what has to be the longest cash sale of Dave’s career. I kept my day job throughout but thinking seriously bout going full time. 

This business is real folks. But you have to treat it as such. You can’t just think everything will work out. Even though I kept my day job, it was not passive at all. You have to want to work late into the night. If you’re not willing to do that then stocks  may be your thing.