All Forum Posts by: Billy Smith

Always fix all water issues first before moving on to doing major repairs of a structural  nature.   Fix gutters, extend  gutters at least 10 ft haul in dirt around foundation if needed the best soil for a foundation is a heavy clay type  , cut back trees if needed .

Pay the higher to use the bigger houses give you a piece of mind .

Quote from @Johnny Lynum:

Quote from @Billy Smith:

I like SFH in the A-B area rent it you do the upkeep doing as much as possible your self to help max your rent out .I like to pay down the note as fast as possible .

If in a C-D area I would flip the SFH wash your hands of it.

SFH are generally easier to unload if you get in a cash crunch, I like staying in the first time home buyers level of a SFH keeping it in a hot zone .

If I were a BIG fish I would do deals at various level's of course after  doing the home work .

Ah!!! Solid strategy! Focusing on A-B areas and taking a hands-on approach definitely helps with maximizing cash flow and equity. Paying down the note quickly is a power move too—love that disciplined mindset! 💪

Flipping in C-D areas is smart for avoiding long-term headaches, especially when it's not worth the upkeep. First-time homebuyer-level SFHs are such a sweet spot for liquidity and demand, especially when the market gets tight.

Quick question—when you're doing the homework for a potential deal, what's your go-to checklist for deciding if it’s a flip or a hold? Would love to hear your process! Thank you! 

My logic behind a area to hold is basically is in my zone of knowledge that means close in and in a  A-B area .BIG fish can have the whole USA in their  zone .
Outside of my zone I am thinking flip it there are exceptions like all rules .

The only thing I would say in a area that is cheap is flip it wash your hands of it ASAP .

Real- Estate  is a lot tougher game now because of technology now allowing buyers, sellers to access the market using the internet without using agents but  you do have hot areas that can support  more bodies .

I like SFH in the A-B area rent it you do the upkeep doing as much as possible your self to help max your rent out .I like to pay down the note as fast as possible .

If in a C-D area I would flip the SFH wash your hands of it.

SFH are generally easier to unload if you get in a cash crunch, I like staying in the first time home buyers level of a SFH keeping it in a hot zone .

If I were a BIG fish I would do deals at various level's of course after  doing the home work .

I just keep plowing money into the mortgage  my goal is not to have it hang around long term so I would avoid the recast idea .

Buying a MLS listing is probably
a no go ,if you find a private sell or a similar way that would be the best way to purchase a property in todays climate. You can buy a house that need lots of work that's another way, do as much work as possible be the project manager how ever you can help to save money .

BIG pockets can jump in on a MLS ride it out .

I would go with a hail resistant 30 shingle then you get a discount from the insurance company .

The main issue with rental basement is water if it has water issue usually it is a simple fix .

Clean gutters ,discharge gutter  water away 10" away from foundation, make sure you foundation soil is slopped away from it .If you need to buy soil get a clay mix .

Cut back any tree too close to the foundation look at the drip line that's how far the limbs are out from the tree .

If all that is done still has water buy a sump pump  carry the water to day light away from foundation 10" to 15" .