All Forum Posts by: Doug N.
Doug N. has started 9 posts and replied 216 times.
Post: IRR Calculation (Distributions vs Deleveraging)

- Lynnwood, WA
- Posts 221
- Votes 157
I like your great call on my great call about Steve Burgess. lol?
What book do you refer to? I have only read the one.
Post: Do you paint paneling in your units?

- Lynnwood, WA
- Posts 221
- Votes 157
Hi @Galen Bricker!
I know your question is about an 80's property, but I have to say that for these types of renovations, I usually look at old re-runs of The 70's Show for style tips. Srsly, here in hipper-than-thou Seattle (and esp Portland, om*g) the millennials really appreciate the vintage look, and if you're in that college sweet spot area, it can be a real selling point.
You can put an ad on CL with the current scheme and see what response you get, if any.
(BTW, I am really serious. I post a lot of comedic material on BP, but this is not one.)
Post: Help! Dilemma on my first property

- Lynnwood, WA
- Posts 221
- Votes 157
@Brian Gibbons is right on the money here - and greatly detailed advice, as well. Thanks for the very clear educational material, Brian!
Post: Appropriate Attire and Appearance Questionnaire

- Lynnwood, WA
- Posts 221
- Votes 157
Originally posted by @Jose Torres:
Hi Jose !
One can. If it does not show in the window below, just type it all out, it will highlight in blue after you post. Sometimes (depending upon the humidity, @Brandon Turner :) ) it will not highlight at all, but folks will get your mentions - just be sure to type it out as it show in their profile, or post etc.
Thanks for the interesting thread!
Post: Appropriate Attire and Appearance Questionnaire

- Lynnwood, WA
- Posts 221
- Votes 157
Originally posted by @Marcello Di Gerlando:
... being over dressed in a 'gansta' suite may put you directly into the clown category.
Top contender for Best Quote of the Month category. Really, I am starting an awards show here on BP. Keep them coming, please.
Post: Appropriate Attire and Appearance Questionnaire

- Lynnwood, WA
- Posts 221
- Votes 157
I believe in what I call a 'dress bias', and it's pretty easy to prove. If you go out in Costco jeans, no watch and a bad haircut, you get one level of response, and vice versa. I think it's deeply ingrained in all of us, whether we admit it to ourselves or not. (Like most biases.)
I read about a fascinating study done in nyc one time. Older grad student went to the subway to ask for change (dressed slightly bum-like), and made X dollars. The next day, he dressed in a suit, carried a nytimes under his arm and also carried a pipe. He was routinely getting $5 bills stuffed in his pockets, with comments like "Oh, here take this... it looks like you could use a drink as well when you get home..."
It’s apparently a thing, check it out online sometime. Folks feel the well-dressed guy should not 'suffer' as much as regular folks.
Slightly related, I also read a study about the on ramp beggars in Seattle, the make about $50 to $75 daily, and the ones with 'God Bless' on their signs make about 30% more.
Cheers!
Post: IRR Calculation (Distributions vs Deleveraging)

- Lynnwood, WA
- Posts 221
- Votes 157
@joshua It's all in here - best of luck!
The Complete Guide To Real Estate Finance For Investment Properties, 14th Edition
How To Analyze Any Single-Family, Multifamily, Or Commercial Property
By Steve Berges
John Wiley & Sons, Inc.
@Joshua Nicholasundefined
Originally posted by @David Dey:
So much gold in these two posts - I can hardly copy and paste it all!
Thank you, David! You are in the running for my Most Creativest Contributor™ award.
Srsly, you are a great poster, and I hope you never get carpal tunnel. Keep it up!
Post: 32 Unit Apartment Complex Would you buy?

- Lynnwood, WA
- Posts 221
- Votes 157
Originally posted by @Neil Johnston:
I've heard you are trying to cause problems for the sellers because you can't buy. My suggestion as the listing broker stop harassing the sellers before they get a restraining order.
It sounds like he's trying to sell it for you!
If you get a restraining order, will that cancel his commision split?
Originally posted by @Steve Vaughan:
WA takes a chunk every time. Do it his way and that's 3.4% off the top! Each time.
The title co is doing him a favor. Whether it's legal or not isn't the point in WA. The knowledgeable assign their interest, never close.
Thanks, Steve! Concise and to the point!