All Forum Posts by: Carl M.

Sorry. Meant to say Capex.

I just saw an excellent post from from @chrisheeren about a year ago regarding how to calculate capex as accurately as you can. It made me think, does anyone know of a calculator or spreadsheet out there that can be used to help figure out capex for a potential deal?

Chris Heeren THAT was excellent. I learned so much in 2 minutes reading your reply. Thank you for that. I know we can never be exact but the way you explained that was extremely helpful. Thank you!

Hello everyone. I am relatively new to BP. I have flipped 9 homes to date under our S-Corp and we are now considering buy and hold. I am 47 years old and really desiring to create passive income. I am struggling with the thoughts that I am too old to start financing rental properties. I have considered selling some stock and paying cash for some income properties to diversify my portfolio and create come immediate income. I have a friend who has acquired numerous single family houses cash and has some nice passive income coming in now. Instead of doing this, I have been told I should consider leveraging that cash and financing deals so I can buy more properties. This is where I struggle with wondering if it's too late because of my age. With this strategy it will be years until they are paid off. I realize I need to open my mind a bit and I am hoping I can learn a bit through BP to help me do just that. I am ready to formulate a 5, 10 and 20 year plan. I just am overwhelmed with too much information at this time. Classic case of paralysis by analysis. Looking forward to hearing some thoughts and input. Carl

That's one of the reasons Brandon L.

Brandon L. Sorry I should have explained better. My goals are ton use it to help me find deals. It's getting harder to find them through the MLS. I believe this will give me an advantage.

I'm considering taking the course and the test and getting my license. Has anyone done this? Was it worth it?

Would love to hear what apps or websites fellow investors are using to do comps. I know the best way is to ask an agent but sometimes I need to move quicker. I've used Zillow and Trulia for recently sold properties. Is there a better way? Thanks in advance.

Found a nice 3/1 property in a nice area with a lot of potential. Only downfall is that it has a walk-through bedroom. Not sure if I would flip it or rent it. Would love to hear any thoughts and opinions on walk-through bedrooms. What about turning it into a 2 bedroom? Would love general thoughts and/or experience.

I have been having a hard time finding a builders risk policy. We did 8 flips from 2002 to 2005 then we took a break so I could focus on my new job. Well we're back at it making offers and the company I used doesn't offer the Builders Risk any more. I was able to find a company that offers a Vacant Home Policy. You can buy 3, 6 or 12 months and renew every three months. Limited coverage but does have liability. This might be the way I go. Jason Bott Christian Sifuentes Michelle DeWoskin I am interested in the names of companies that others are using. Thanks!