All Forum Posts by: Josh C.

@Jeff Small

I think That’s a very local thing. Not the case in Indiana. East to start businesses here. Little red tape and they actually provide free training and help. I see you are from Jersey. I have family in cherry hill and whenever they come visit we talk about property taxes or car insurance or what they went through to try to get a screened in porch on their house my mind in blown. Big blue states just create big problems for little guys. I don’t get it.

But back on topic of the OP. If you are working 95 hours a week and not seeing a clear path to money something is not right. I’d recommend the book profit first for ensuring profitability. Margins can be slim and are in lots of businesses but if you are killing yourself working like that and not making good money within 9-12 months something is missing. Don’t ever work for free, even if you are the boss.

What’s a Rothschild doing buying a 34k house? Thought you guys were trillionaires?

Just kidding, that’s a solid deal. Good luck out here.

@Jacki F.

I might encourage you to watch some youtube videos on things you are having done so you’ll have some understanding for what something is or how involved it is.

I’m dealing with a client right now that paid a rotter router over $16,000 to deal with a plumbing issue. You could re-plumbed the whole house twice over all the way to the street for 16k. But she is new and had no clue. So learning a little about maintenance and construction could help you not get taken advantage of and also help you know what is reasonable and not reasonable to ask of your tenants.

Good luck and YouTube is your friend.

No. Have you ever replaced one? They are not easy. You have to remove the housing and ballast have like 10 wires coming off them. Plus if you hook it up wrong you can fry the ballast and melt wires. I’m not sure the average maintenance guy is capable.

Light bulbs, furnace filter, and batteries. That’s it.

@Trago WAllace

It’s exactly as you described. Some good deals but lots of upfront headaches. You have decide if it’s worth it or not. Personally, I have found it not to be and just bang my head against the wall, but certainly people do buy them.

Good luck and keep us updated if you go through it.

@Randy Mbouge

That’s an excellent way to get started. You’ll learn a bunch and save probably 8-12k a year on rent payments. Highly recommend for a year or two depending on your family situation. I did it for a year and it was a great way to get the ball rolling.

@Nathan Socrates

Looking for something to house hack? I got a high double in St Clair if interested. But that’s just a great way to get the ball rolling. I lived in Herron Morton for a year and it was a great decision.

But $1200+/m rentals are also nice to just have as rentals also.

Good luck!

I think I always say we property managers of property we own. Never had an issue opening multiple accounts. Mostly at Chase. They have to check the box.

As others have said. No way $1350 for that. Glad you asked and glad the locals stepped up.

Cost seg is likely your best bet. But don’t buy a dog just to avoid Uncle Sam. You likely have the ability to make a ton of money and your time might be best spent doing that instead of stressing on not paying Cesar what is Cesar’s dealing with a new field. Or maybe you sold your company and have nothing to do in which case cost seg may be a great fit for you.

Also agree with others. Don’t say you have 3 Mil burning a hole in your pocket on a giant public forum. Lol. RIP inbox.