All Forum Posts by: Ryan Novak

Thanks for all the great input! I'm going to go forward with it. This property ended up getting sold but I have a few more potentials. Is it not worth paying the extra for a General Contractor considering I'm not available the majority of the time?

Thanks for all the input! I don't know a lot of handymen so I would have to use a general contractor. The property is a little out of reach for me to stop by there before work or during my lunch hour. I would basically have the evenings and weekends. However, my fiancé would be able to go by during the day most days.

Yeah, I have a potential contractor who goes to my church so I would think he'd be reliable. I would think I would need to be at the property daily to make sure everything's in order? Also, do most contractors charge a fee or something go give a bid on the repairs needed?

Hello everyone! I have a potential rehab deal I'm considering taking on. I have the finances for the down payment and a hard money lender available. It's a really good deal, but my concern is the availability I will have to ensure everything goes to plan. I work a full-time 8-5 Monday through Friday job with an hour lunch. My question to all you investors out there - has anyone rehabbed a property while still working a full time job? If so, how did you manage your time? Thanks for the advice!

Great input - thanks guys!

I'm looking to purchase this single family home for a potential rental property. The owner is relocating and he currently has renters occupying the property. He's asking for 70k and comps are in the higher 70's. He says there are minor repairs needed but I haven't seen the place. The renters are paying $950/month and I'm guessing the mortgage payments will be around $400/month. It sounds like some good cash flow, but I'm wondering how I should finance it? A 30 year fixed rate? Owner financing? The owner has a 30k mortgage left on it. Any advice is much appreciated! Ryan

Yeah, I haven't had much luck from bandit signs and craigslist ads are highly competitive it seems like. Where do you get your REO leads from?

What is the best resulting marketing strategy you use in your area for motivated sellers?

For all of you Dallas/Fort Worth investors, what is your best marketing tactic for motivated sellers? Looking for any and all kinds of deals. Thanks for your knowledge!

Hello! I'm looking for investor-friendly closing companies in the Dallas area. Any suggestions would be greatly appreciated!