All Forum Posts by: William F.

Take this with a grain of salt (as you surely will), but if you have $26 in equity with Home B, could you sell or otherwise cash in on that to get into a better deal? For Home A, maybe Lease Option it for a higher than market price. If it works, you win if the tenant buys or not. If it doesn't work, you're out nothing. Maybe start with your current tenant!

I forgot landscaping. Honestly it's a nightmare. Easily $100/month. Do you make tenants responsible for this? Would you evict over it? What happens when they do a junk job of it?

You amazing investors who have a large sample size, what are the things you can count on maintaining or replacing every month? Here's what I've seen with my 3 units: 1. Microwave stuff - just replace this when it breaks the first time. 2. Tub hardware - leaky / dripping. 3. Washing machines - again, replace this (sample size of 1). For me, it's almost always plumbing or kitchen related. I've rarely/never gotten any other issues...

You guys are like sorcerers to me, and I have some questions on apartment building work in your area. Things like: 1. What are some things specific to 'the North' that you see often? 2. How do I work with a contractor from a distance? 3. Who should I trust to verify the work performed vs the written job? 4. How do I make myself a pleasure to work with? *Disclaimer: I don't own anything in your area right now! So this would be... philanthropic. I did the same thing with @Bob E. and I learned a TON about notes and volume. Thanks to anyone who volunteers!!

Hey BP!! For those of you who make deals remotely, what's your workflow like? How do YOU: 1 - Find the right property/neighborhood? 2 - Seek out trustworthy contractors and managers? 3 - Monitor rehab progress and property condition? It seems like opening up your market borders to include places you've never seen is the key to big-time expansion (and making an organization bigger than yourself). How do YOU do it?

As an aside, another way to get ahold of me is in the Slack channel for Phoenix Real Estate. It's just me in there right now, but it alerts my phone. https://phoenixrealestate.slack.com

Fellow Phoenicians!

If you have a multifamily property deal, I'd love to see it. We can meet up between 3-12 August. I'll be in the area, so just get ahold of me here! 

What I'm looking for:

1. Quads or more with some rehab potential, safe neighborhood. 2/2 or 3/2 preferred, but I'll check it all out.

2. Commercial properties under $1M with demonstrated cash flow. Looking for under $50k / door, some value-add potential, within 2 hours of the city. 

We can talk financing capabilities privately!

Hah - thanks for the words. I guess that's just when I'm available for breakfast. I don't plan on plowing through 6 dozen eggs over the course of 3 hours.

And (of course) I messed up the math. It's actually the SQUARE of that number. Square root makes no sense in the context of a 10-digit phone number.

Hey guys, I'm awake and ready to buy you breakfast in exchange for some discussion on your RE deals. Hit me up here or on Slack (whiskeyfox) or you can solve this math problem for my US phone number.

Square root of

84850.6506045

Solve that, robots.