Justin C.
Frugal lessons learned while renovating a 100yr old house
20 February 2015 | 4 replies
To me, it poses a safety risk.
Caroline Hedin
New Member in Tacoma, WA
24 February 2015 | 13 replies
You are concerned about your own safety and the well being of the tenant since you can't get in contact with the tenant.
James Wise
CLEVELAND EVICTION ENDS IN A DEADLY SHOOTOUT
22 February 2015 | 45 replies
Ill have to add a bullet proof vest with my dust masks and goggles in the safety bin
Bill Sargeson
How can this landlord be OK with this?
20 February 2015 | 6 replies
Honest landlords don't play around when it comes to life and safety matters.
Ben Leybovich
Should Newbies Have Access to Calculators?
22 November 2015 | 92 replies
Essentially what happened here is this:He put the numbers into the calculator and reached out to me to "translate" what those numbers meant.
Michael Attaway
Inheriting Tenants
21 February 2015 | 9 replies
The introduction letter I use introduces them to my management style (i will also do this via phone) and asks them to verify there are no safety hazards on the property.
Steve Smith
What would you pay for this duplex
20 February 2015 | 2 replies
Lots of room to add value.Building needs about $15,000 in repairs(safety margin included) but I am using $20,000 because the siding may need to be replaced before the Cap Ex Fund(using 10%) would accumulate enough to cover it.It had snow on the roof, but I could see moss on it from the little bit I could see.
Joshua McGinnis
Don't Fold Your Cards Too Soon
22 February 2015 | 15 replies
Here's a quick summary of what you need based on my approach (others may do it differently): Identify a market that you want to wholesale inFind and/or buy a list of high-equity homeownersSend out yellow letters to the list with a phone number that goes to voicemailWait for calls to come into your voicemailReturn the calls, identify motivation, gather intelligence (address, motivation, asking price, etc)For properties that meet your criteria, make an offer using this formula (ARV * 70% - Rehab Costs - Wholesale Fee)Get a signed accepted offerHaving someone on the ground visually inspect the property, negotiate price again if the rehab is greater than you expectEither open escrow and buy the house and then dispose of it a number of ways or find a cash buyer and assign it to them.That's essentially what I'm doing in a nutshell.
Phillip Joo
Starting out in Highschool
21 February 2015 | 2 replies
I'm looking for someone I can share my vision with, and is willing to teach me the essential strategies, etc.
Tyler Veres
multi family buy inheriting tenants
22 February 2015 | 2 replies
Essentially, the plan is to buy (between 6-10 units) and slowly renovate each unit every couple months.