All Forum Posts by: Nate Burgher

Hey @Eva Morel, sounds like you have some great connections! For the most part it sounds like you're looking at Materials + DIY, but when you're talking big ticket items like Furnace, Roof, etc., those cost quite a bit. And if you're going DIY, you're not paying yourself for your time if you're only accounting for materials cost. What if you or your family member that can do the roof is incapable due to health or personal reasons come time to do the roof? Then you're short the $3k-$4k in labor, and that just comes out of your pocket. What about 15-20 years from now? Are you going to be at a point where you still want to be DIY?

Just some things to consider and think about. In the short term it sounds great to save some bucks, but is that something you want to do in a decade? Only you can answer that.

@Al Pat, not sure, you'll have to go to Cozy.com and look at their pricing to see what fits your needs. The User-Interface is wonderful though, absolutely love it. 

As for Zelle, not sure what that is. The Cash app is great, but there no "buyer" or "seller" protection through the cash app. I like to idea of having my transactions protected.

Hey @Charles Kiser, I really like Cozy.com and their entire management and payment software. Super simple, free for your first property, and my tenants seem to really like it. The only downside is it takes 3-5 business days for the payment to get deposited in my bank account, but there are no fees to do everything online, so it's worth it to me.

Great tip, @Art Maydan, on the Habitat restores, never thought of that! 

I personally haven't done a rehab / flip, but am getting ready to do one and have been doing a ton of research and networking. The best thing I've found so far is going to a rural town and finding that they have a supplies wholesaler that sells nicked and dinged items at a huge discount. I can buy flooring for 60% the cost of what Home Depot sells it for, among many other big dollar supplies. 

I think it would be helpful info for sure, but you're right, Zillow / Redfin / Trulia / Realtor.com don't have this info. I believe that the county would have this info, but that would be a step I would take during the inspection process, I wouldn't worry too much about it until then. First the numbers have to work, then the location, then I have to put in an offer and get it accepted. Finally, it's inspection time, and that's when we find out that kind of info.

Hey @David Woolfork, I don't have any short term properties and personally I don't think I want one for a solely investment standpoint. I would love to have a vacation home where the costs are subsidized by short term rentals, but I personally believe that the short term market is volatile right now with the fact that every state, county and city are coming up with their own rules and laws towards AirBNB's / VRBO's, and it seems like with every mayoral change those laws are at risk of changing. I'd only purchase a short term rental if it would also work as a long term. 

Good tips, @Jeff Brower, thank you! Very helpful.

Hey @Clint Harris, when you watch the weekly webinar they will usually announce a 20% promo code at some point. Check out the webinars though, they're pretty great, and the 20% code is just icing on the cake!

Hey @Andrew Y. have you listened to any of the BP Podcasts? If you haven't had a chance to do that yet, I highly suggest checking those out, there's tons of RE stories, both positive and negative. It definitely isn't all flowers and sunshine, but there's lots of steps you an take to avoid learning the mistakes yourself. The BP Podcast covers things like that in almost every episode.

Hey @Brian Hatcher, I'd suggest doing some research and finding a realtor in your area that 1) has been around 10+ years, 2) has invested in properties of their own in the past, and 3) isn't so busy that they won't have the time to work with you. You don't want them to be so busy that you're constantly working with their assistant.

A realtor like this will be absolutely invaluable, and will be a great resource to connect you with many people who can help you with your future endeavors.