All Forum Posts by: Scott Hart

@Kirbi Campbell

To acquire my first multi family property (hopefully a 4plex). I’d like my cash flow to increase by $1k on 2021.

@Adnan Dizdarevic

You made 2 offers. Make 20-30, then get frustrated. Patience and determination!

@CJ M.

That sounds very impressive how fast you scaled. What’s your average cash flow per door? I’m guessing you have a mortgage on each property?

Thanks for the feedback! More worried about what I already have that what I’m about to acquire. Don’t want to put my family at risk, but I guess life is risk...

Asset protection for the new guy. The only discussion I have ever heard are for people who have substantial inventory. This is a topic I never hear discussed on the podcast. It only takes your first property to be purchased for a lawsuit to happen. Now your family is at risk. I'm sure for legal reasons this topic is avoided, because there is no correct answer for everyone, but opinions and breakdown of those opinions might help many get over the hump and take the plunge. Please discuss several things for me if you feel experienced enough to provide an opinion.

1) when property is purchased all cash (maybe BRRRR, maybe flip, maybe turnkey) vs a mortgage (buy & hold)?

2) to utilize (an LLC or to use balloon insurance policy) in addition to standard insurance?

What provides you peace of mind?

Thanks!

I’m looking at a property I will either flip or BRRRR in the S/W Indianapolis area (Morgantown,IN). I need a quality contractor who can handle mold, walls, and floors etc. It’s the mold I’m mostly concerned with.Anyone use and/or trust someone they can recommend that wIll work in thIs area?Property is a 2/1.5 SFR with a den (possibly a 3rd bedroom?).Thanks!

I’m looking at a property I will either flip or BRRRR in the S/W Indianapolis area (Morgantown,IN). I need a quality contractor who can handle mold, walls, and floors etc. It’s the mold I’m mostly concerned with. Anyone use and/or trust someone they can recommend that wIll work in thIs area? Property is a 2/1.5 SFR with a den (possibly a 3rd bedroom?). Thanks!

A buddy at work turned me on to the podcasts, and it progressed from there...