All Forum Posts by: Bradley Bissett

@Brenda Whittaker hi. :) shingles over shingles don’t last as long and you lose the “warranty”(I’ve never heard of the warranty covering anyone tho, ever)smh. Anyway, if u plan to sell in 2 years I can understand why you want to reduce costs but keep in mind your reputation should they not hold up over time.

Now, steel, in MI is very similar in cost to shingles. If the singles are currently in decent shape (not curling) You can fur out w 2x4s and put steel on top, however, temps very drastically from MI to AZ so u need to make sure the home breaths adequately. Overall the quotes look good and fair priced. Do it right and you’ll be able to sell the home and improvements with even more confidence than ever in a couple of years. Good luck.

@Justin Petrides most of the time I’d say No. but I have one rental leased to a buddy. He’s got a young family and is super responsible. So it all depends. If ur even thinking this might be a tough call id Pass.

@Joe Villeneuve where does your REIA group meet? -Brad

I have a scheduled closing on a 16,000 sq ft commercial building located in a rural community sitting just 75 yards from a major 2 lane highway. The main tenant of the building utilizes 83% of the building which leaves me with 3-4 office spaces/rooms available to rent. 3 of the 4 are in corners of the buildIng which are accessible without trouncing through the whole building and they are of good size. My question is, how should I market these vacancies?

@Quinyana Mosley you may want to end up in multi family but remember there are many ways to reach that goal. Down pmt on a large multi family thats also a good deal tends to be the biggest hurdle for most. So how do you get there? I’d agree w almost everything everyone has said in this thread but I’d add personal financial discipline to the long list as well as the importance of not spending or dipping into your capital aka savings for odds and ends on the Journey. Never do it. Instead plow each success into the next. A great starter book full of ideas is “How to wake up the financial genius inside you” by Mark Haroldsen. Lastly but most Importantly In my opinion Is to pray for opportunIty :) Best of Luck and God Bless. -Bradley

Nice job @jayThomas. Obtaining a lake house through Real Estate investing is one of the reasons I got started. Awesome work.

@Alan E. Hi Alan. I’m guessing you plan to relocate to MI otherwise you probably would have picked a different state to invest in. Haha. Well, If you want to invest in MI and you know where u plan to live, start looking in that area and ask friends and family to keep there eyes peeled as well. Heck you might find a few properties while searching for your new primary. The trick is to start the discussion, with anyone, and see where it goes and to get started. Find a place u think has potential, that u can add value, and in an area capable of appreciating and dive in :). Good luck.

Thank you Derek Carroll I appreciate the great feedback. My gut says that if I can tie it up then the location will bring about a solution.

I have a great relationship w the seller. She is aging and her kids are retiring and not interested in the property. The CRE is not on the market. I’ve been talking w her about this place for a number of years so she’s starting the process w me to possibly avoid realtor fees.

I can tie up the property for $2500 for 6 months with an option for another 6 months for another $2500. Seller is of the highest character and willing to be patient w me. Which is nice. Just hope I can learn a bunch and have some interested ppl during that 6-12 months making my decision to purch a no brainer.