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All Forum Posts by: Quinton Schultz

Quinton Schultz has started 5 posts and replied 6 times.

Post: Smart submeter electric or Rubs recommendations

Quinton SchultzPosted
  • Clarks Summit, PA
  • Posts 8
  • Votes 2

Title says it all. Does anyone know of any Smart submeter systems for electric or Rubs recommendations? Currently have a single family with apartment in basement I’m buying with shared utilities 

Post: Will installing Electric baseboard affect my ARV?

Quinton SchultzPosted
  • Clarks Summit, PA
  • Posts 8
  • Votes 2
Quote from @JD Martin:
Quote from @Quinton Schultz:

Hi, currently have a house that I'm flipping that the boiler is shot. It currently doesn't have any gas lines either. Would replacing with Electric baseboard effect my ARV a ton? It is 1,000 SQFT and located in the Northeast part of the U.S. ARV is $160k right now so don't really want to spend $8k on a new boiler since that cuts so much into my profit

I know that area well. Baseboard heaters are pretty common so it won't be anything unusual. More important is whether or not you have electrical service that can support baseboards in every room. I assume you have radiators right now either full size or baseboard type, so you won't be abandoning AC. 
Great! The whole house needs to be rewired, new panel, and new meter anyway since it is knob and tube

Post: Will installing Electric baseboard affect my ARV?

Quinton SchultzPosted
  • Clarks Summit, PA
  • Posts 8
  • Votes 2

Hi, currently have a house that I'm flipping that the boiler is shot. It currently doesn't have any gas lines either. Would replacing with Electric baseboard effect my ARV a ton? It is 1,000 SQFT and located in the Northeast part of the U.S. ARV is $160k right now so don't really want to spend $8k on a new boiler since that cuts so much into my profit

Post: Finding medium term rental comps

Quinton SchultzPosted
  • Clarks Summit, PA
  • Posts 8
  • Votes 2

Hi everyone, I am looking to do medium term rentals room by room in my area. How do you guys go about determining actual sold comps for medium term rentals or getting a pretty close idea to what the market would be @?

Post: Deciding where to become a realtor

Quinton SchultzPosted
  • Clarks Summit, PA
  • Posts 8
  • Votes 2

Hey guys, I’m kinda stuck. I am 20 years old and can become a realtor in either Bergen County, NJ or Scranton, PA. I have a massive pros and cons list but it basically split down the middle with how high the cost of living is in NJ compared to PA. Also all of my family lives in Scranton and I’m really close with them. Which one would you guys think would be a better fit? I plan on connecting with lots of investors and also house hacking in either circumstance

Post: Need help weighing my options

Quinton SchultzPosted
  • Clarks Summit, PA
  • Posts 8
  • Votes 2

Hi guys, I’m in a bit of a tricky situation. I’m a 20 year old entrepreneur and on paper I made $34,000 net last year from my sports card flipping business. In addition I am starting a job next month that makes $20/hr x 40 hours a week. Then it is moving up to $30/hr in March of 2023. I have no debt and a 752 credit score. Also I’ve currently got about $20,000 set aside just for real estate (separate from my business capital). I’d like to start investing into multi family real estate but am concerned that I will be turned down by mortgage companies. I’ve found a couple properties in my area around $150,000 that will require some cosmetic repairs to maximize the rent price I can get on the units. I was wondering how you guys might handle this type of situation and also what things you would do if you were in my shoes? Should I buy now? Or wait a few months of getting that job under my belt?