All Forum Posts by: Christen G.

Bankruptcy is usually a safe bet, to be honest - as the other have said - it wipes out debt and then they start fresh. With a high 600s credit score seems like they got their life back on track.

This price seems about right with materials, gas, dump runs, inflation and if this person has a helper or 2. Highly suggestion J Scott's book on estimating rehab costs as well. Best of luck.

A true inspiration. I've been dusting off my commercial real estate books over the holidays to freshen up on points and plan on doing the same - run a few buildings per week. Best of luck with this one and keep us in the loop!

...Figured I'd update ya'll. Started the eviction on Sept 16 and tenant held on to the very end - Sheriff had to take them out. Tenant returned later that night, broke in, cops, etc... but they didn't arrest them bc "even if we did they wouldn't book them - jail is too full and this is too petty" and yes they are "crazy - but not crazy enough to admit them without their consent" 

Catching the cats took about 2 weeks. I did a bunch of research and found a volunteer (!!) who came with 10 traps and checked in every other day taking 6 per day to the Humane Society - who couldn't take more bc they were also too full. Animal Control wasnt much help beyond brokering the deal between us and the Human Society. The property did, however make the local news (yikes) who interviewed the local drug dealer (double yikeds) bc neither neighbor would consent to be on camera.

Gut reno started the day after the last cat was removed. It was gross. And very sad. Drywall is up, painting starts after Xmas. We should be listing this place FEB 1 at the latest. IT'S SO NICE finally having a reliable contracting crew - it's only taken me 2 years.

Dreams: I wish Killz would sponsor me. Reality: I got a lot of free materials and decor from the Lowes Loop program. Flooring, lights, etc... pretty great. It's saved me a $1500-2000 so far.

Happy new year everyone.

Tell me more? I'm not interested in paying interest on money I'm not actively using is the thing...

I'm not sure how "creative" this is, but is there anyone out there doing HELOCs on duplex's? I have a great property paid off and I'm looking to grab some equity for the next deal. I've heard a few no's on my first round of calls and 1 "possible Commercial Real Estate Line of Credit" - but did HELOCs just dry up on rentals?

Here for this, thanks for the post! I am looking to get bigger in 2023 as well. Currently have 3 small multis and am ready to take the jump. I look forward to hearing about your progress!

Pull some comps in the area for ARV and be modest in your finishings @ those rent price points. You don't want to not overspend on counters, fixtures, etc... if it's going to appraise with others nearby. Best of luck to you.

I don't have anything to say that hasn't been said - it  may be more work, so be prepared and have good systems in place. Best of luck to you - I look forward to hearing more about it.

@Scott Mac thank you. Yes there’s for sure mental health stuff going on. It’s gonna be a slog with these cats. ❤️💪🏼😣