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14 August 2016 | 4 replies
I don't mean to go against the grain of those who are selling that idea - all I can say is that it did not work for me.So.......... back to taking seminars, buying cassette tapes and books - I wanted to learn everything I could about investing in real estate ---- so--I had to get money, working capital, and I needed to go on the cheap - A friend told me about cheap properties you could buy in Baltimore - houses for only $2-3,000 and many of them could be found at public auctions.After borrowing some money and getting some credit cards and a new job - one in sales - I was ready - ready to invest in cheap- junk properties in the City.And wouldn't you know it - I got lucky at my first auction and purchased a cheap house that was boarded up - Because of all those expensive seminars I enrolled in I WAS READY - prepared with my pry-bar, flash light, level, marble and probe - I decided to go to this building that was being auctioned the next day - I sort of removed some plywood and crawled through a window to take a look -Boy was I surprised - this place looked great - I later found out that the estate boarded it to keep squatters out.The next day - I was ready with my deposit and waiting for the auctioneer to start his melodious hypnotic chant - 5 bidders appeared but did not bid because they could not get it - I was the only bidder and got the house real cheap.Today as an auctioneer, investor and developer of commercial properties - if someone would ask my opinion on how to get started I would suggest ---Continue to study but learn how to cut through the BSGet a credit line Learn 20 creative financing techniques - no money down systems (that is none of your own money)Hang with a few successful investors and pick - pick - pick their brain*** Look at 50 houses in the area you intend to invest (not expensive, blue collar, mixed rental and home owner neighborhoods)When you are finished looking at 50 properties - you will be armed with knowledge that most agents and other investors don't have - knowledge of values -Keep a journal, put listings in it, write down everything the agent or owner says, keep a record of the cost per square foot - this will help determine values -Have agents send you expired listings - go knock on the door or send a letter to ask if they are still accepting offers on the property - Remember an expired listed is a property that failed to sell - the seller should still be motivated to sell.
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17 August 2016 | 17 replies
I think Texas is a very tough buy and hold market because of escalating property tax's foundation issues and herd mentality of investors creating demand that would not be their organically.
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15 August 2016 | 0 replies
Trust me on this: you will always be able to tell professional workmanship.This same principle applies to most labor, whether it’s replacing a foundation or painting a wall.
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15 August 2016 | 5 replies
Basement or foundation look for leaks, cracks that show signs of foundation issues.End of the day, apartments are a business, people buy them for the cash flow.
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28 August 2016 | 3 replies
I've also listened to some excellent books that have also helped me build a foundation for my upcoming adventure.
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17 August 2016 | 7 replies
Dig you a trench around the slab foundation of all 5 units, mix Termidor with water via instructions and dump it in the trench.
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18 August 2016 | 5 replies
Wondering if anyone could help me with a reliable GC/Foundation Expert in the Milwaukee metro area.
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27 August 2016 | 27 replies
Build a strong foundation.
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19 August 2016 | 2 replies
Other details...I checked the foundation walls as much as possible and did not see any cracks what so ever.
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9 September 2016 | 55 replies
But for me its bye bye texas... not to return.. much easier places for us to work. aNd cheaper those property tax's are just killer. along with all the foundation issues Mold water intrusion..