All Forum Posts by: Andrew Jones

I believe its less about what you pay then what you get. I don't like the fact that you have to manage the PM.

Well this thread has been an interesting read.

As far as your original question regarding general contractors I haven't had much experience with them, but the little experience I do have tells me that there are very few good ones. You need to get a refferal from someone who doesn't have an interest in whether you use the contractor or not. Use your network to find people they use to do there rehabs.

Good luck to you Deshone.

I would have to agree with the "get rich slow" especially with my businness model of buying 1 or 2 rentals a year. Although, I rather get rich slow than never get rich.

Yup.

80% LTV is the standard threshold to get rid of PMI especially when you have it in writting. Fax them a copy of your paperwork.

"Wells Fargo sued itself in a foreclosure suit in Florida’s Hillsborough County. The bank 'owned both the first and second liens on the property and ended up hiring two separate attorneys to deal with the snafu — one to bring the lawsuit and another to defend itself.”'

Suing yourself and affording a lawyer for both sides. Talk about big business wasting money. I keep my money with these people. Makes me want to go hunt for a small bank to move my money to.

Nice updates. I really like that we can reply to colleague requests now.

Cash out refi and re-invest in more SFH rentals.

Hello BP,

One of my family members just inherited 3 properties in Lima Peru. She is unsure were to look to sell. Do they have MLS in Peru? How can I get a rough estimate of the value of her properties?

Thanks for sharing.