All Forum Posts by: Evans Wright

Hey BP team,

I was wondering if there are any investors who have rentals in the Bossier City area. I will be moving down there for work and I am purchasing a SFH for myself with the idea of renting it out after I leave in about three years but I am also selling my duplex and thought if I can get a solid ROI on a SFH there then maybe consider using the proceeds of my duplex sale to by an SFH investment property in a nice area of Bossier City.

I would like to know what is a reasonable expectation for rental income in that area(zip code 71111,71112,71006) i.e. can I expect to get a $1 a sq ft.  If not, do you have any data to support optimal rental charges for that area?  

Any input would be greatly appreciated.

Thank you all for the knowledge. I will have to do further research on DST.

BP Community!  My question is can you do a 1031 exchange in to a syndication?  Any info on the topic would be much appreciated.

Awesome!  Thank you guys for the heads up.  Where is the location for this meetup?

Hello all,

I am partially new to the Omaha area and looking to meet up and connect with other investors via REI gathering or something along those lines. If any one in the area knows of something happening that I could partake in please let me know.

I have done a few deals in Montana and looking to start planting some seeds in the area.

I am interested in more details as well.  Could you please PM me?

Yes I would also like to know if you do loans in Montana? 

@Nathan Patterson Thanks for the support man. I have renovated the other units as they became vacant.  Luckily the most recent one just needed a paint job and some new blinds because the other ones required a lot more work.  Unfortunately I do not have any before/after pics because unless I take a pic for something to fix at home depot im pretty bad about taking pictures though I feel like I should be doing that to present to future investors.

@kory 

@Kory Thaut Hey if you can send me the details on how you are structuring that deal because I would like to acquire some properties through seller financing so I would love to get some ideas on how to structure when the time comes.

I purchased my first property (4plex) back in September and have been renovating each unit which has been a huge undertaking considering that Murphy has been by my side the whole time and anything that can go wrong has from stairs literally breaking as I was walking down to trying to fix a leak that took weeks to figure out to evicting multiple tenants.  It seems like there was always one thing after the other and I knew the risk when I started or else I would not have done it but I never thought it would just keep amassing.

Today actually was a good a reminder as to why I am doing this besides the money.  With the help of a painter and handyman I had recently renovated a 1 bedroom unit  that I spent a few lateeee nights at trying to bring my vision of a nice apt that someone would appreciate and enjoy living in. I met the new tenant and her mother and I asked the tenant if there was anything that she noted that could be addressed and outside of an internet issue with the company she said she loved it and then I spoke with her mom who was helping her move in and she could not stop praising me on all the work that was done and how nice it was and that "it was the nicest place they had seen".  It was as simple as a thanks and the excitement in their expressions that made my day.  While I am definitely happy to have additional income coming in I believe that the compliments brought it all home for me especially after all the nonsense I had to deal with for just that 1 unit.

The lessons I would like to pass on with emphasis in renovating is: if you are going to do something do it right, pay attention to detail, don't be afraid to spend a little extra money to buy something more premium to get an edge on your competitors if you can afford it and its just, and take every misfortune as a lesson so you can do it better next time.

So the next time you are going through the struggles of doing a renovation just wait till you see the looks on your buyer/renters face and that will hopefully motivate you the way it motivated me to be the best you can be.

Stay frosty BP community!

@Matthew McQueary, Could you please send me additional info about the property i.e. remaining scope of work to [email protected]

Thanks