All Forum Posts by: Joe Villeneuve

OK.  I'm guessing this was a drug house ( bought on once).  That's why you found the cash.

I do all of those other options, or at least have. Some are good (big potential profits), some are bad (unstable and wildly valued), but I always come back to REI since it is more stable, more controllable, and more fun. I still do the other things, for fun.

Notify them that you will not be renewing their lease after 6 months, and why.  That will do one of three things:

1 - It will get them to stop paying late so they don't get evicted...they think/hope.  This shouldn't change things in your mind since a renewal will just prolong a continued late payment for the rest of the renewal.

2 - They will move out early...not likely, but...

3 - They will move out after the lease expires.  They will have a 6 month warning to find a new place, and you will have a 6 month period to find a new tenant.  This is the most likely, and best, scenario.

It sounds to me as if your should take this time, the waiting period to see where your wife will end up after graduation, to learn HOW to invest.

Estimating that your step heights are about 8" (rise) each, you're looking at a total of 24" in height (higher if you didn't include the step into the house).  This means your ramp needs to be 24 feet long (12" length of ramp per 1" of height).  That's way to long for a continuous ramp, so there will probably be a landing in between (that's adding another 36" to the length if this is all in a straight line).  Most likely, you will have a turn at the landing.

Why 20-20 doors?  What do you mean by "a small amount of money"? 

There are a lot of strategies you can use.  The strategy you do use is always based on the location of the property, the seller, the financial requirement for the next move you are going to make.  Each step you take is just that, as step.  Every step you take must establish the financial requirements to execute a known financial next step, and so on.  The strategy you use on that specific deal, is based on the above...every time.

We don't need REA's, however that doesn't mean it's a good thing.  What they do has to be replaced, so be careful what you replace them with.  AI is still only as "intelligent" as the person who designed it, taught it, and programed it.  The most important part of "AI" isn't the word "intelligent", it's the word "artificial".