All Forum Posts by: Rob Gleason

@Brad Thompson, @Arlan Potter,@Wayne Brooks,@Joshua Feit - agree with all of you. 

I'm new to investing as well.  The original plan was to go into my first deal with a long time friend.  He is very good with money, a stand up responsible guy who was willing to go in 50/50 on everything.  When I found my first deal I decided to skip the partnership and go it alone.  I don't like the idea of sharing the decision process with anyone but most importantly I wouldn't want to risk losing a good friend over a bad deal.  Now that I have a few properties under my belt I can pass  some knowledge on to him, help him get started and (maybe) go in on a deal together somewhere down the line.

@Adam Morgan this looks like a great deal for a nice little quad!  Thanks for sharing the pics.  Congrads !

Welcome to BP @Jeff Stone!  I agree with @Larry Fried.  IMHO owning ANY property outside of your primary residence makes you an investor, although not necessarily a good one :).  

@David Kenny and @Jay Dewberry, Welcome to BP!

@Azeez K. would love to attend the local meetings.  Could you put me on your mailing list?

@Santos Rodriguez III welcome to BP!

@Harry Patel Welcome to BP!  Read, read, read!  There is a lifetime of realestate knowledge in these forums and podcasts.  And it's FREE!

We just finished renovating 1/2 of our latest duplex - see newbie rental diary#3.  Problem is that the other tenant wants his place fixed up too and is complaining about EVERYTHING he can find. He says there are bugs in the apartment so we have the exterminator spray his place and FUMIGATE the empty unit.  Then he complains about the smell of the spray.  Then the sprayer on the kitchen sink doesn't work so I replace it.  Then there are 2 broken windows and the apartment is drafty, so since we were replacing windows next door, I decided to replace all his windows too, at no charge.  Then he says the floor in the kitchen is uneven... It's not!... there's a crack in the ceiling... It's along a sheetrock seam!  No big deal and it's not getting bigger.  I offer to have my painter fix it AND paint the 2 adjoining rooms. When the painter shows up he won't open the door!  I call him and tell him the painter will come again in 2 days.  When the painter comes back, he won't let him move the furniture to paint!  Today we had  a refrigerator delivered and he parks his car so the delivery guy cant bring the fridge to the door!  It never ends with this guy!  Mind you, he had just signed the lease when we bought the building so all those problems were already known to him.  Not to mention his rent is $450 which is $50 -$150 less than anything similar in the area.  How do I get rid of this guys and his pregnant wife ?  Should I just let him out of of his lease?  We live in George. Can I evict them for parking in the wrong areas?  HELP PLEASE!

@don 

@Don Harris thanks!  Not bad for our first renovation.

@Manolo D. I thought it was a little too glossy.  Almost looks like a gymnasium floor, but it should last a while. 

Congrads!  Sounds like a great first deal.  Are you planning to self manage?  With just one property it's probably worth it and you get to learn as you go. That's what we are doing and so far it's worked out fine - not many phone calls.  Can't see why I would pay someone to do it.

Just ordered a long sleeve.  Least I could do to support BP.  BTW, it said it needs one more order to print!  Woot, woot!