All Forum Posts by: Account Closed

If it's a flip, a light grey or beige is good.. but if it's a rental-- we only do white, and we come in with a sprayer and make everything white! It's incredibly fast, cheap and time efficient! If you're doing higher end rentals or flips, again go for color. ...but if it's a cheaper or lower income rental, white is where it's at!

Thanks for the tip. So the trim and walls are the same white color? Is it tinted at all? I've been painting my trim with straight semi-gloss paint/primer with no tint.

Also, thanks for mentioning me because I had no idea anybody replied to this thread, let alone 30 posts!

1 Vote

if anybody would like my excel calculator for rental properties, pm me. It does everything the BP calculator does. There are many reasons to go pro, but the calculator isn't one of them imo.

7 Votes

I meant to ask for specific brands too.

0 Votes

Looking for something that is very non-offensive and a crowd pleaser. Thanks!

1 Vote

Originally posted by @J Scott:

Originally posted by @Account Closed:

WWGCD? What Would Grant Cardone Do?

He'd buy 1% of a syndicate that owns 5,000 units and then brag that he just bought 5,000 more units... ;)

"Bruh, if you ain't pullin' 5,000 unit deals on the reg like I do, you're wasting your damn time. I'd like to get you in my 16 week online sales training program."

4 Votes

WWGCD? What Would Grant Cardone Do?

1 Vote

Originally posted by @Justin Carpenter:

You can do an FHA loan as long as you live in the property you are using it on for at least a year. As for buying the house being off-market, that shouldn't matter. If you doubt whether you qualify for an FHA, they have a requirement list you can Google.

As for selling your primary home, I do not know what your goal, market, or financial situation is, but if my market was good and my financial situation was solid I would keep that property and potentially rent it out. If I had to, I would sell it and use the extra cash on a good rental. Again, I don't know if you are trying to get into rentals or what not, but that's what I would do.

Thanks for the response. I guess my question is more about whether any seller would consider accepting those terms. Most people on here looking at off-market deals buy with cash or hard money it seems.

I do qualify for FHA, but I will not qualify for two mortgages. My house is not a great candidate for rent anyways. I would only be able to have 100-200 left over after PITI, which is not enough IMO. I have essentially zero equity and likely over-payed just a little, so needless to say, I will not have anything left over after the sale. Plan is to sell my house and buy a multifamily. Trying to come up with some creative ways to get the best deal possible.

Dillon

0 Votes

Everybody says you can find the best deals off market. I want to know if it's even plausible for my situation.

I will need to do a FHA and probably have to have a contingency that I sell my primary residence. I don't want to make a fool of myself contacting owners with these terms if it generally can't be done.

0 Votes

Originally posted by @Mike Dymski:

It amazes me on the misinformation that is spread on BP about (1) not being able to access retirement funds until age 59.5 (2) being able to use real estate to beat the near 100% rate of return of an employer match and (3) the cost of 401k plans to participants for every plan out there.

We can make a 40% IRR on a real estate deal and it does not hold a candle to the employer match, nor do we have to wait until age 59.5 to access it, nor does it cost many members anything except a minuscule index fund fee.

With respect, there is no way that an employer match plus an index fund can give you 20% returns every single year for the next 30 years and then 50%+ for the rest of your life.

0 Votes

All Forum Posts by: Account Closed

Account Closed has started 9 posts and replied 75 times.

Post: Adding an sleeper sofa to an airbnb

Post: Do you have a go-to or favorite paint color for your properties?

Post: Just Went "Pro"!!! Excellent Investment!!! $$$

Post: Do you have a go-to or favorite paint color for your properties?

Post: Do you have a go-to or favorite paint color for your properties?

Post: What would do if you had $500,000.00 to invest?

Post: What would do if you had $500,000.00 to invest?

Post: When looking for off-market deals, is it possible to do FHA loan?

Post: When looking for off-market deals, is it possible to do FHA loan?

Post: Should I Kill My 401k?