All Forum Posts by: Tyler Henry

Ok, we’ve all heard the excuse and maybe even used it ourselves at one point. “I don’t want to fix toilets, so I wouldn’t be a good landlord.”

Well, that may be so for some and I wasn’t exactly excited for the toilet call either.

BUT

I’ve officially been a ‘landlord’ for about 18 months now and let me tell you, I was not(still really not) totally prepared. I’m not following all the 'rules' of investing and certainly not in the correct order but I AM following the advice of almost every expert and successful investor, JUST DO IT. You’ll learn along the way, not just from the books, articles, and podcasts...believe me, I’ve read and listened to it all.

Anyway, back to toilets. I had my 2nd ‘broken toilet’ call last week. Let me tell you how hard it is...I put in about 5 minutes and $5 of my time and money fixing both those issues, combined. Ok, maybe another 5 minutes looking up toilet videos on YouTube.

My point is, as with countless others, just do it! Start! Begin! Go! Send It! Whatever, your success can’t start without a beginning, so what are you waiting for? (Insert Wayne Gretzky quote here)

The first call was literally just tightening a nut behind the seat to stop a leak.

So,does it still really sound all that tough?

I’m by no means a success story(yet) but I can see my foundation forming around me and it’s so exciting.

Thanks for reading! Thought I'd share since I felt pretty good after installing my $5 part, which required 0 tools, and I had 0 knowledge of fixing a toilet about 10min prior.

No, costs($20k-ish)heavily outweigh the extra income. I have it rented for $1k/mo and I’d get maybe an extra $200/mo with a walkout. Eight years to break even...no thanks. Would be nice though. 

Haha, yeah right after Petty Theft 101. Not only do they give us a bad name, but they film in Atlanta. So it doesn’t help with our economy either. Shame. 

Nice! Where is your property? I grew up in that area. 

I'm in the area often, I'll try to stop by!

Hey David, welcome to BP. Seems like we have a lot in common! I'm from MO and I currently live in Aurora near Mississippi and Buckley. Aurora isn't as bad as it's reputation. Sure, there are bad spots...but so does every city. I bought a SFH in a very nice neighborhood and will have 3 rooms rented in Oct. Boom, no more mortgage to pay! I also serve in the Army Reserves. I can help with your purchase too, if you're interested. I work with a RE and mortgage company.

Hey, thanks for reaching out. It actually sold that day for $216k. Good deal for someone. 

Get a co-signer.

is that a reference to the show? Haha

Hey all,

There's a 3bd/1ba in Aurora, CO through NWA. Asking is $199,999, ARV is $300k easy. Cosmetic rehab only, shouldn't be more than $25k-$30k. Great deal! I don't have the means to buy on my own. Anyone interested?