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All Forum Posts by: Bruce Woodruff

Bruce Woodruff has started 107 posts and replied 11850 times.

Post: First Wholesale Deal- So Close Yet so far

Bruce Woodruff
#2 All Forums Contributor
Posted
  • Contractor/Investor/Consultant
  • West Valley Phoenix
  • Posts 12,031
  • Votes 14,176

I agree with @Steve K.....60 days on market is not a long time, it's actualy pretty short. If I were that seller, I would not be inclined to lower my price much, especially with a middleman involved.

I think of 150 days (or so) as being a long time 'on market'....

Post: Converting basement into a legal apartment

Bruce Woodruff
#2 All Forums Contributor
Posted
  • Contractor/Investor/Consultant
  • West Valley Phoenix
  • Posts 12,031
  • Votes 14,176

You certainly may be able to...the first step is to go to your City Building/Zoning/Planning Depts and ask them directly. They will give you a straight answer. The main issues will be ingress and egress.

Post: Bourbon and Whiskey?

Bruce Woodruff
#2 All Forums Contributor
Posted
  • Contractor/Investor/Consultant
  • West Valley Phoenix
  • Posts 12,031
  • Votes 14,176
Quote from @Eric Gerakos:
Quote from @Bruce Woodruff:
Quote from @Joseph Beilke:

HELLO!!!!!  Where are my Bourbon and Whiskey friends??   Let chat up business and magic juice.  

For me it has been a busy but difficult first 4 months of 2025.  I have 5 listing, 8 buyers and 2 closing and 1 under contract.   The news and markets scare people, the interest rates are average historically, but still consider high. Home prices in my part of Florida have not balance out and people are struggling with price drops.  My rental are still doing well and the rent rates have remain the same.  I have only 2 tenant that did not renew and rates may not have gone up, but they didn't go down. That my Real Estate life in a nut sell.

Now for bourbon, I have dial back my buying for really 2 reason,  not enough money and my bar  is full.  But for my birthday I got an infinity canter (32oz) and I have been adding 2 to 4 OZ of remaining bottles as they get close to empty.  I have to say that has added a whole new level to the hobby. Once the bottle reaches 2/3 full I'll start to drink it.

How's everyone else been doing.  Any good brown water or real estate stories???


 Just picked up a bottle of my favorite, Lagavullin. I know, it's scotch....and fairly pricy...but the taste...OMG. If you like the smokey stuff that is...

Lagavulin 16. The nectar of the Gods….

Yep, that's the one! You probably know this, but Costco usually has it for much less than the liquor stores.....Cheers!

Post: One Coffee. One Conversation. Life Changing Moment....

Bruce Woodruff
#2 All Forums Contributor
Posted
  • Contractor/Investor/Consultant
  • West Valley Phoenix
  • Posts 12,031
  • Votes 14,176

Yes, @Eshe Harvey, we all wish you the best! Just be careful, and give us a report back on your success....

Post: Bourbon and Whiskey?

Bruce Woodruff
#2 All Forums Contributor
Posted
  • Contractor/Investor/Consultant
  • West Valley Phoenix
  • Posts 12,031
  • Votes 14,176
Quote from @Joseph Beilke:

HELLO!!!!!  Where are my Bourbon and Whiskey friends??   Let chat up business and magic juice.  

For me it has been a busy but difficult first 4 months of 2025.  I have 5 listing, 8 buyers and 2 closing and 1 under contract.   The news and markets scare people, the interest rates are average historically, but still consider high. Home prices in my part of Florida have not balance out and people are struggling with price drops.  My rental are still doing well and the rent rates have remain the same.  I have only 2 tenant that did not renew and rates may not have gone up, but they didn't go down. That my Real Estate life in a nut sell.

Now for bourbon, I have dial back my buying for really 2 reason,  not enough money and my bar  is full.  But for my birthday I got an infinity canter (32oz) and I have been adding 2 to 4 OZ of remaining bottles as they get close to empty.  I have to say that has added a whole new level to the hobby. Once the bottle reaches 2/3 full I'll start to drink it.

How's everyone else been doing.  Any good brown water or real estate stories???


 Just picked up a bottle of my favorite, Lagavullin. I know, it's scotch....and fairly pricy...but the taste...OMG. If you like the smokey stuff that is...

Post: Forum question trends on BiggerPockets - reflecting the market sentiment?

Bruce Woodruff
#2 All Forums Contributor
Posted
  • Contractor/Investor/Consultant
  • West Valley Phoenix
  • Posts 12,031
  • Votes 14,176

I think BP follows society in general, but with more intelligence and fun...

Post: One Coffee. One Conversation. Life Changing Moment....

Bruce Woodruff
#2 All Forums Contributor
Posted
  • Contractor/Investor/Consultant
  • West Valley Phoenix
  • Posts 12,031
  • Votes 14,176
Quote from @Steve K.:

Sounds like this guy may be using the old Harvey Weinstein playbook. Lots of red flags here. Keep your head cool, be wary and don’t get swept off your feet with the cheap compliments, self-serving flattery and lofty promises. It’s easy to think you’re in control of a situation only to have it escalate quickly and become an entirely new situation that is out of control. Notice how alarm bells are ringing among the seasoned guys on here. They’re definitely not jealous or trying to ruin your career, they are looking out for you and have the benefit of seeing the situation from a distance. It's possible this person only has the best intentions, but also highly probably that they are attracted to you and this could get complicated quickly. Ask around about this guy, really do your due diligence, and be careful. If the "homework assignment" involves delivering your mission statement to him somewhere in private, I'd run the other direction. 

Listen to @Steve K. ^^^there is a reason that all of the 'older' guys are concerned for you. We have no skin in the game, just experience.

Post: Side Job Ideas

Bruce Woodruff
#2 All Forums Contributor
Posted
  • Contractor/Investor/Consultant
  • West Valley Phoenix
  • Posts 12,031
  • Votes 14,176

Just my opinion, but I would go to an electrical training program. Then either go to work for an Electrician, or perhaps even the local power Company. The field workers make a lot of $$, especially linemen......

Post: Just because the numbers work, doesn't mean its a good deal

Bruce Woodruff
#2 All Forums Contributor
Posted
  • Contractor/Investor/Consultant
  • West Valley Phoenix
  • Posts 12,031
  • Votes 14,176

4 or 5 cents for me, yeah, but most people are worth more, Lol....

Post: Just because the numbers work, doesn't mean its a good deal

Bruce Woodruff
#2 All Forums Contributor
Posted
  • Contractor/Investor/Consultant
  • West Valley Phoenix
  • Posts 12,031
  • Votes 14,176

Good post. I'll just add this....most younger people forget to put a value on their own time. When I was a young entrepeneur starting out with different businesses, I was advised by an older friend to always put a value on your time. It was suggested that $100 per hr was about right. Use this when doing your budget and after a project is done when figuring out your profit or loss.

You'd be amazed how much of your precious time can sunk into a project...and sure maybe you end up with a $20k profit on paper...but you invested 100's of hours into it. Hours that could have been spent on bettering your life. Was that a good deal? I would say no.

Just my $.02....