All Forum Posts by: Kenneth Huddleston

Got it, makes a little more sense. But i still have to ask, do properties like this typically take 5 months to rehab? If you had given this thing your undivided attention how long would it have taken you? I am curious because i intend to get into rehabbing eventually and 5 months still seems a bit long to me, even with the property being in shambles. I understand that expecting to finish rehabs in weeks like seen on TV is unrealistic, but is 5 months how long it would take you to do a rehab like this or has something slowed you down?

Also, if these pictures aren't modern, would you mind sharing more recent picks as i am looking forward to see this tough nut broken?

The only houses i've seen as nasty as that one have been on TV. Good luck, but i do have a question for you. Why is it taking so long? You said you bought it in January and 5 months, although i don't pretend to be an expert, seems like a long time for a rehab in general, even a nasty one like this. That being said, if these pictures are up to date you look like you just started or have made very little progress. Did you have other projects you were working on? Were you just reluctant to start on this? Speaking from my own perspective, i would want to get a property like this done as fast as possible just for the fact that i am not too fond of something like this EXISTING let alone owning it. I'm not trying to criticize, i'm just legitimately curious what the hold up is.

My primary suggestion would be to talk to a lawyer as i make no pretense at having a clear understanding of law. That being said, i do not see them having a case, let alone for discrimination. There is nothing in the above that implied unfair treatment due to disability, and it is beyond their rights to force the landlord to install fences, especially if its against HOA regulations. I would advise your friends to 1) notify them that they will not pay for the installment of fences and if they do so, they will do it under your instructions, to avoid breaking HOA regulations, and at their own expense. 2) These don't seem like tenants i would care to have and once this legal battle is taken care of i would not seek to renew the lease. I do not pretend to understand their motivations, but i would not care to keep around tenants who will drag me to court, especially for a trivial matter such as this.

I am perfectly for you investing in other states, but keep in mind it is perfectly possible to cashflow in Portland. Plenty of people do it. It may be a bit trickier, but it can be done. That being said if you want to invest out of state, go for it. I myself am looking at markets such as Phoenix, AZ and Nevada.

 Seriously? Your just gonna bring up some ******** racism argument? As mentioned above, this has happened to plenty of white guys. The fact of the matter is it was suspicious behavior and the guy was being an *******. Although the majority of the charges will inevitably be dropped, if the guy gets charged for resisting police officers he had it coming. If the guy had given them his ID or deed in the first place he would never have been arrested, so he has no reason to complain.

Good point, although i will still try to avoid them where i can

There are a few ways that you could come up with the money. 1 would be to use hard or private money lenders, though in this case i am not sure i would suggest it as the high interest rates would cost you. There is owner financing, as mentioned above. Also, if you have or are about to get your Realtors License you could sign on as an actual realtor and try to build the money selling houses.

I honestly would just suggest not to buy more properties in areas with HOA's. They are an unneeded pain in the ***.

I would suggest getting into wholesaling first. Wholesaling is desirable because it requires the least financial commitment and can help you build money for your other investments, such as rentals. This way you can build up a down payment and perhaps build an emergency fund in case you screw up. Not to mention the fundamentals of wholesaling are good skills to learn whether or not you actually become a wholesaler.