All Forum Posts by: Ryan Irwin

I have two tenants who are married and both are retired and on social security.  Unfortunately, one of the tenants health is not good and is currently in hospice.  They haven't been married for nine months (only seven months), so the standard SSA married survivor benefits aren't in place.  

They have been great tenants and I want to exhaust all the options to help them out.

My question is, has anyone seen any ways that the surviving spouse could receive some portion of their spouses SSI in this scenario (married less than nine months)?  Any other options for rent assistance/financial aid that might be available?  

Hey Chris, I think classes, masterminds and seminars are great (I have done them all myself).  I'm not familiar with the Academy you're asking about.  

That said, but have you read and absorbed the BRRRR book by David Greene?

If not, that would be the first thing I would do.  Once you have read, underlined, highlighted and taken notes on that book, then I would move on to finding additional resources and groups.

All the best! 

Great question Tyler and I actually have a flip property under contract that we are selling with a similar concern.  

First, the buyer had the line scoped to see what was going on (instead of making an assumption).  We have agreed to hydro jet out the sewer line to clear it.  Second, there is sewer line insurance that the buyer can purchase (literally only a few dollars per month) which they can sign up for if/when the line fails, and if/when it needs replaced.  

Great question.  I would like to interject, while data drives decisions, one of the first things I'm looking at is the location and surrounding area.  Even if all the numbers pencil out, if no one wants to live there, I'm going to have a hard time making the numbers work, whether I'm selling a flip or renting out a property.  From there, once I determine I like the location, time to sharpen the pencil.

Doing the same here @Duane Williams and to add on to @David Ojo's post (he nailed it), having multiple lending solutions is key.

Different hard money lenders, private investors, HELOC and I too am working on establishing a business LOC.

I also believe that part of the process is letting your partners (lenders, contractors, etc.) know and understand your goals.  This way they know you are scaling but also are aware of your expectations.  Of course, this requires professionalism on our part, but it also holds them to that standard.  

My lenders know I have other financing options, which I believe helps me get more favorable terms, but also, helps me to find the best deal.  One lender might me more excited about a specific deal then another, which then helps with best terms.

Always looking to overcome those bottlenecks is key.  

@Jenna Kelley agree with what @Mason Jacobs said above.  The other benefit of having a structural engineer look and advise on the property, is that you can then use that report as proof to a future buyer or tenant.  

 Want to repeat what @Mike Terry said for the people in the back.  The higher the risk (which usually means higher costs) the higher the reward should be.  Well said! 

 x1000%!  Little steps everyday moves the needle in a big way.  I think this applies in all aspects (fitness, relationships, career, etc.).  I'm a huge fan of habit tracking and I have found it's those boring, repetitive tasks done consistently is what are the game changers.  These build the momentum which then opens to opportunities.  Great post! 

Great post @Ashley Wilson!

Being a nutrition and fitness coach, your point below is the largest component that I have seen.  If people are prepared to do the work, they won't have success.  Developing and reinforcing habits I have found to always be a key driver and formula for success.

• Am I ready to put in the work? A coaching program is a partnership, and your success depends on your willingness to take action.

Agree with what @Sofia Komrskova and @Jake Baker said here.  

I would get together with your realtor, have them tour your property and then run comps to see what the value add would be, then simply pencil it out to determine the return.  An appraiser likely isn't going to spend time giving you much feedback in advance (unless you have a connection or they are super slow).