
6 May 2017 | 12 replies
In looking inside the house I can see where there originally was a door on axis with the front porch stairs, and it entered a room that was 17ft. wide instead of the 13ft wide living room currently.

23 February 2017 | 19 replies
I closed on #37 this morning. it's located in westland. the surrounding cities are Canton, Garden City, Livonia, Redford and Plymouth.it's very different than what we normally buy to a point that it's unusual for us. we always get 3 bed brick ranches with a basement (see the website in my profile to see a list of them) but this is a bi-level. that means that once you enter the front door, there is a landing - then stairs UP and stairs DOWN. the rooms are upstairs and the dining/kitchen are downstairs. no actual defined "basement".the living room is upstairs and it will be converted into a 4th bedroom. an extra room means more rent for me.here's what the numbers look like:purchase price - 72k cash (they were asking 79k)rehab - who cares, but around 12k,i'd guess. maybe 15k. the bank had to change the roof since it was caving in.taxes - ~3k, maybe lessrent - $1,250 (no garage, but a shed)ARV - i dont know, maybe around 110 (but i dont care about arv)we just updated #31 and have a few just waiting for us to get "free", but that does not seem to happen. so i am just holding 2 vacant at the moment.between updating flips for other investors in Plymouth, baths for homeowners in Northville and basements in Livonia, it's hard to find the time to work on all our houses.it will cashflow nicely, around $350, maybe more, maybe less. at this point, i am more concerned about the number of rentals to increase as long as there's a cashflow over $300. fifty dollars a month is not a deal breaker. i still self manage everything, have an assistant that rents them out. i have developed a team and a system that lets us crank them out consistently and at a very high quality. i do not like to have issues once rented and hate going back to fix things that we could have caught while working on them...so we take our time and change everything that needs changing.let me know if there are questions, i'll answer anything.

19 February 2015 | 13 replies
I need to replace the floors on my house i'm planning on tile in the bathrooms and laminate wood every place but two rooms and the stairs which will be carpet .

10 July 2015 | 9 replies
(apples and oranges) - Property management is a stair step process not a diagonal line.

11 March 2016 | 182 replies
"Take the Stairs" by Rory Vaden.

25 August 2017 | 11 replies
When it comes to units that you own, every bathtub, stair step, hand rail, linoleum floor, rusty nail, splinted fence, exposed tree root, fireplace and electrical outlet is a potential exposure.

28 December 2019 | 14 replies
-I was told that you can't put down cement base self leveling underlayment over the hard wood because of how the hardwood moves it would just break up-where the two woods come together the wood gives quite a bit when you step on it.Do I rip out the existing hardwood and start over from the subfloor, where I could put down self leveling if needed.

21 July 2015 | 28 replies
of course, but i learned from that too. no one has ever set out to do anything and learned how to do it with out first learning how not to do it. the greatest story i ever heard was about the assistant to thomas edison. when edison finally invented a working light bulb, ( which by the way took him 10,000 tries), he gave the bulb to his assistant to carry upstairs to the testing lab. the poor kid tripped on the stairs and broke the bulb. edison simply made another one and gave it to the same kid again to take upstairs. when someone asked him why he gave it to this kid since he broke the first one, edison simply said " i bet he won't do that again". he was right. learn how to do something wrong the first time to learn how to do it right the next time. get out there and just get going...... good luck to you