All Forum Posts by: Charles Perkins

L heartily agree.  Good due diligence includes a proper inspection before purchase along with the other elements of one's due diligence.

Thanks for the remedy reminder as well.

Investors selling property need to consider these things as well.

Personally I look for an agent that understands the different requirements of investing as opposed to home purchasing.  A good investment agent should know to ask the right questions as they strive to the understand an investors investment criteria.

An agent needs to have a clue as to what might be a good investment in order to actually assist in the investing process.  

I would never personally make an offer without seeing a property.  Generally walking the property is a big part of my due diligence.  Not just the property itself,but also the neighbors and neighborhood.  Even new construction l would want an idea of the quality of the build.

The property is free and clear.  The short plat costs will be paid out of cash flows. It is a buy and hold investment property recently remodeled.

current land approx $250K

current home $250K - 300K

We will be selling it and funding other investments.

I'm working on a short plat and will be building another house on the new lot. I'm in the process now of looking at financing options for the build. I prefer a HELOC to a loan. I'm interested in your thoughts.

I've been hearing about this and understand it's popular in other countries and only starting in the USA.  

 Absolutely agree.  Finding what works for you is the best advice anyone can give.  Every market is different, skills are different, location matters, proper due diligence matters and your individual lifestyle even matters.

There are millionaires who live very humble lives and you would never know they were wealthy.  Lifestyle matters in any financial decision.

I built a solid retirement portfolio from SFHs with added value.  We have more than enough to fully retire any time.  Before retiring though I will fully develop two properties.

All of our properties have had good appreciation, cash flow and tax savings from the start.  The value add has made several properties really great.  Location, timing, good due diligence, and good maintenance all aid in success 

Buy and Hold may be boring, but it beats the endless worries of many of the other strategies for me. Buy and hold works and has successfully built what my wife and I need to live and retire on. Flipping always seemed more risky and STR is riskier as well though it can be more profitable it can lead to serious losses. I will stick with boring.