Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Dell J.

Dell J. has started 8 posts and replied 209 times.

Post: Vetting a Real Estate team

Dell J.Posted
  • Posts 210
  • Votes 158

references

Yes I am.   I buy a house every year whether the market is up or down.    I see it similar to how mutual fund investors do dollar cost averaging.    

Im trying to follow the philosophy of John Schaub " Building Wealth One House at a time"    I have put my own twist on it of course.

As long as I can find deals where the rent support the debt service, i will continue with this plan

Post: The best way to save money?

Dell J.Posted
  • Posts 210
  • Votes 158

If it is a B or C Neighborhood, restore instead of replace kitchen cabinets if possible

Im not sure about your area but where I am you have to also make sure the zoning of the neighborhood allows multi family properties.   

Post: Where Do You Save Your Money?

Dell J.Posted
  • Posts 210
  • Votes 158

the goal is to park it safely until you are ready to use.  if you are buying soon, put that downpayment in a savings account.  dont worry about high yield right now.

these other post recommending illiquid or risky investments are not right.  you may find yourself not able to persue the good real estate deal when you find it.

Post: QOTW: What advice would you give your younger self?

Dell J.Posted
  • Posts 210
  • Votes 158

My advice to to my younger self do more, buy more.

Post: What's the issues using non licensed contractors?

Dell J.Posted
  • Posts 210
  • Votes 158
i agree with you 100%. 

Originally posted by @Jason Brown:

Ok I've got to jump on here and say that I really do think the whole "use unlicensed contractors and you'll regret it for the rest of your life" bit is a little overblown.

A lot of this fear comes from the fact that we see a lot of newbie investors on these boards complain about getting screwed over by so and so's shoddy work which inevitably ends in us finding out that the person they used wasn't licensed which should have been their first warning sign I get that.

However another common thread I see in these posts is that a lot of these new investors couldn't tell you the basic general mechanics and systems of a house to begin with and therefore were completely reliant on the contractor's competency, craftsmanship and morals. 

My primary contractor or project manager if we are only calling licensed guys contractors is my go to on almost all jobs big and small.

If it involves altering any of the 4 systems being roof, plumbing, electrical or HVAC we'll bring in a licensed guy so they can pull permits and do it by the book. We don't need the city breathing down our necks it's just not worth it.

However for flooring, framing, drywall, tiling, painting, light carpentry, kitchen and bathroom remodels, and light electrical I honestly don't think you've got to pay a guy twice over just because he's got a license.

There is a lot of talent out there and its not always for illegitimate reasons they are lacking in licensure. My tip is if your altering or replacing any of the major systems get a licensed pro. If not then run your numbers and make your own judgment call. 

Post: How much capex is too much?

Dell J.Posted
  • Posts 210
  • Votes 158
did the inspection say that the roof and hesting system are at the end of its useful life and needs to be replaced?  Did the report say that gutters are needed?  Everything has a life span and you need to prepare for that. If you bought a house with deffered maintenance you may have to spend money to fix those issues.   If you have to replace the hesting system again next year then I would say it’s excessive.  Otherwise fixing stuff at the end of its useful life is not excessive. 

Originally posted by @Cory Benhardt:

@Dell J.  We had a full inspection done & we got money off the purchase price so its all relevant but at what point is excessive 

Post: How much capex is too much?

Dell J.Posted
  • Posts 210
  • Votes 158

Well if you already did all the CapEx you may want to consider keeping it. Next time do an inspection when purchasing so that you know what your getting into in terms of deferred maintenance.