Julie Marquez
My Goals For Easy Rentals and Passive Income - Feedback Please
30 September 2016 | 36 replies
Do what feels right and allows you to sleep well at night and remember that it's expected that your plans will change over time.I'll leave you with this...when a ship sets sail across the ocean, the captain doesn't set the course and go below deck for 2 months.
Adam Jaken
What part of the country is there a better return then 6%
9 October 2016 | 39 replies
They have a very compelling chart in their marketing deck that shows oil going from $100 barrel to $50 barrel and the impact on class A apts and class B/C that they own.
Marian Smith
Just a paint color tip for other color challenged diyers.
28 December 2016 | 21 replies
Paint companies put together their popular colors or what they forecast for that year as trending in fashion and based on "Region" but there is a reason the chip wall and fan decks are so all encompassing.
Abdul Azeez
First failure and chicken and egg situation
7 October 2016 | 12 replies
@Abdul Azeez, I think that the problem is that you are stacking the deck against yourself trying to do all of these things on your first deal:1) Purchasing the property from an online auction site / bank, which is notoriously tricky even for the experienced investor, due to their proprietary contracts and minimal due diligence period and strict deadlines.2) Working with a new contractor that you haven't used before, or seen their work before, and who may not be used to dealing with investors.3) Trying to get conventional financing on a property that has a short closing time and where the mechanical systems cannot be tested.4) Working on your first deal by yourself instead of partnering with a local investor who can guide you along, or at least a mentor who you can turn to with questions.My advice is to make it easier on yourself by considering buying a property with a standard contract and longer due diligence period, network with local investors who can provide you contractor contacts and also some guidance, and consider using private financing or hard money instead of bank financing.In my opinion, buying from the online auction sites is a more advanced strategy that you can use once you are able to ballpark construction costs yourself and/or you have a trusted contractor you've worked with before and/or you have private financing or hard money set up so you can close fast and/or you can purchase the property without interior access and hope to get lucky in terms of condition (but still buy at a price where you are comfortable doing a full rehab if necessary without losing much money) and/or you are familiar with agreement of sale contracts and closings in your state so you can assess the risks of using the bank's seller-friendly contract.You're already doing the right things by asking questions on this forum, and taking action.
Jazmine S.
Newbie from PA
5 October 2016 | 5 replies
Replacing all light fixtures, faucets, doors, door knobs, ceiling fans, every inch of wall was repainted, all moulding from brown to white, new laminate flooring through the whole first floor and vinyl in the bathrooms, repainted the deck, and really landscaped outside, as well as a brand new porch.
Jon Q.
Middle Class: Chips Are Stacked Against You
16 August 2016 | 45 replies
Regarding the deck being stacked against the middle class this is a pure and utter nonsense.
James Lusk
Help Me Analyze My First Triplex Please!....and thanks
23 August 2016 | 20 replies
For example for a roof you could need new decking or not, are they going to strip the roof or put a new 3rd layer?
James Bolden
Turning existing residential into a rental
28 September 2016 | 5 replies
I found my current guy by wandering into a small locally owned paint shop and saying, "do you know anyone who can build a deck handrail?"
Mike Knowles
Ideas needed - removing a door
31 August 2016 | 10 replies
This is just like a deck with no steps the ground that is 10ft off the ground.
Michael Hopkins
Square footage rehab and addition costs for Indianapolis
23 August 2016 | 2 replies
Roof, all plumbing, all electric, all HVAC, all gas lines, adding bathroom, moving walls, all windows, huge deck addition, drywall every square inch.