All Forum Posts by: David T

I'll be there 

what is parking like? do we need some type of visitor pass to avoid getting a ticket? 

i'll be there

i would think they can ask you to change the windows or make changes but ultimately it is your house so you can do as much or as little as you want. i don't think there are any rules about how efficient the house has to be . i personally would not worry too much about it because i wouldn't be willing to change anything to save them money on their utilities.

If you are willing to move out of your single family house and move into a multi-family unit, then why not sell your house and use those funds towards a larger, multi family unit that will ideally cash-flow more than your house?

personally I'd rather own 100% of 4 properties than 50% of 8. If you are doing well with the properties yourself, then why add a partner? A lot of times partnerships don't work out and one person winds up doing all the work. I would take my cash flows from the units you have now and save them. Put as little down on the next property as possible. The rates are better the more money you put down but the more cash you save, the more properties you can buy.

So far I have been a buy and hold investor, so our situation is a bit different. However, I often think that I could buy more houses and fix them quicker to rent out if I had a partner, but in the grand scheme of things, partners just complicate things. I'd rather own 4 houses and keep 100% of the money instead of 8 houses and keep 50% of it. In your situation it doesn't seem like he brings much to the table. I would do it on my own personally unless he can bring another important skill to the table other than sales.

I actually just bought a house on a main road with traffic. I haven't tried renting it yet as I am still rehabbing but my thought is if you can buy it right, somebody will rent it. It depends how hard it is it get a rental in your area but also if you can price a bit lower than houses not on a Main Street, it may seal the deal.

I would recommend you buy an airless paint sprayer and paint ceilings and walls with the same color flat paint. It will save you a ton of time. I can paint an entire room ceilings and walls in 15 minutes as opposed to hours the traditional way. Also saves a ton of time and work on closets.

i would definitely be interested in a local meet up . lets try to set something up in the near future