All Forum Posts by: Account Closed

Leave it as is. It is probably not a deal breaker for most buyers. Turn it into a positive. Use the hand textured ceiling as a selling point. It makes the house different, leverage that. Remember, it doesn't matter what you think about it. It matters what the buyer thinks...or how you can influence the buyer to think positively about something.

I'm looking at a house that has an inground pool in a backyard that is too small for a pool. The pool has got to go. The pool is about 24' x 14'. Any idea how much to demo and remove it? (I'm in southern Louisiana.)

I'm looking at a house that has an inground pool in a backyard that is too small for a pool. The pool has got to go. The pool is about 24' x 14'. Any idea how much to demo and remove it? (I'm in southern Louisiana.) 

@Larry Fried

No, I don't. Do you have a recommendation?

@Derrick Craig Financing options are still open at this point. In state, I'll go through local banks. For the out of state properties, I'll probably need to go with crowd-sourcing or a company like Lima One Capital.

@Larry Fried Do you have someone you have worked with and trust in Chicago?

Larry Fried

Larry Fried

Michael, I have not been successful finding SFRs in my area that cash flow well for rentals. One of the big hurdles here is insurance costs on non-owner occupied SFRs. SFRs are good flips here, and I do those whenever I can.

Also, a few good multi-family units will provide good cash flow.

JR, Thank you for the resource. I am going to check it out.

Andrew, I am looking to purchase and have the company manage the property.

I am looking to get into multi-family rental properties. My preference is to obtain some turnkey properties. Where do I find good proven providers of turnkey properties? Anyone have recommendations of companies from whom you have bought good deals?

Tony, it might be that security is an issue for your wife. Using your current home as collateral for this deal might be triggering that fear. If your wife is a of the personality type where stability is important, it's a good bet she is feeling like her security is threatened. Go slow. Go through the numbers with her in a non-emotional manner. (When it comes to real estate, keep emotion out of it.) Get input from the BP community on the deal itself. 

Perhaps, you could look at a different financing method and/or company. While you might not make as much money or cash flow by going with a hard money lender, it might be a way for you to get started. Lima One Capital has been a BP Podcast sponsor, maybe talk to them. Talking is free.