All Forum Posts by: Scott Nidell

Buy your partners out. Get creative financially if you have to. They will cost you more money than save you. If you exhausted all your creative options then have them buy you out. 

1.) if you are honest with your numbers and are truly getting $500 in your pocket after expenses I would definitely keep it.
2.) What's your market indicate is the average day or sale? give yourself some buffer room

3.) Get Grammarly (https://www.grammarly.com/).  I can barely understand your posts. It comes with a chrome plugin and it's easy to use

Get a more thorough inspection and a few quotes on the actual cost. Bring it to the seller and see if you can negotiate.

Depending on the cost outcome of that negotiation. Re-run the numbers to see if it fits your profit criteria. Good luck and keep us posted

You could partner with a more experienced real estate investor and see if they can come up with more unique ideas for your particular situation. Have you received quotes on how much it will be to fix? What about the items you would like to do yourself?  With those numbers, you will know how much you will be spending ballpark. Remember construction always seems to take twice as long as it should.

I wouldn't' bank on Sears. They won't be around much longer =/ 
But one I haven't seen yet is the Habitat for Humanity Re-Store granted it's a mix of selections but the prices are great if you can get appliances. Generally, it has fixtures toilets vanities etc .

Looks good to me. 

Is it in a good area? Low crime and a desirable area? Plenty of employment? You should be doing well

The ARV should be the purchase price thought since your not actually repairing anything.

Congratz man

This is great. COngratz on your success. 

What about solid surface counters or concrete? Just throwing ideas out there. I like the look of some of the concrete counters.

Is this in Austin? I don't see property losing almost 2 percent of its value in 2 years in that area. 

I'm not sure what your whole financial picture looks like but what about meeting in the middle? 

Meet them on the right price but a contingency of rent going up on tax hikes and insurance increases. A tenant that keeps the place clean and has low maintenance can be incredibly valuable and cuts your repair and vacancy costs down quite a bit.

Good luck hope it works out well for you