All Forum Posts by: Andrew S.

Thanks Michael - quite a coincidence!

Anyway, I only know Jim Morton and his class is well worth the time and effort in my opinion.

Good for you, Jacob - fingers crossed!

@Mehran K. I would be concerned about that as well. Or even large troop deployments can really have a massive impact on a local economy (including the rental real estate). Obviously, we all hope that we won't get entangled in foreign wars anymore, but you never know of course.

Now if you consider places such as San Antonio military towns, then that's obviously a whole different scenario - plenty of other ways to absorb fluctuations.

@Jacob A.

@Jacob A.

I was in touch with Jim Morton this morning and he assured me that he is indeed planning on teaching the April 2 class. Don't know what (if anything) has changed but I do consider my information reliable.

Yes, the class is offered several times a year, so Fall is an option too.

@Michael Jobe

@Matthew Edmond

@Adam Demchik

I would think the choice of custodian will depend on what you actually want to do with the funds. I use Equity Trust Co and for my needs, they are OK. That said, I only do simple secured (sometimes unsecured) notes. I don't do actual buy and hold real estate or flips within that account, because there are too many pitfalls and restrictions, in my opinion. It's absolutely POSSIBLE to do many those and many members here do them successfully, but for me its too much hassle. @Jon Holdman

has written many times about this and I totally agree with him

Thanks everyone - as usual, a ton of helpful information!

I tend to overdesign things, so it's good to have some more reality-based pints of view :-)

@Michael Jobe - yes, the instructor is Jim Morton

I' m planning on renovating a 2x 2/1 duplex (ca 1500 sqf total). Current electricity supply is 100Amps for each unit. My GC claims this is plenty of power since hot water and furnace both run on natural gas. I was considering upping the power supply to 150 or 200Amp for each unit on the assumption that demand for electricity will only increase over time.

Who is right? Should I leave "good enough" alone or is it worth paying now to avoid potential shortfalls in the future?

Just wanted to make local folks who are new to REI aware of a good "Creative Real Estate Investing" class offered at the Wake Tech Community College (six evening sessions for I think something like $65 registration fee). The instructor is a local real estate investor with 30+ years of experience and tons of knowledge about the NC market. The course focuses on the REI basics and sprinkles in useful nuggets on the local market. Well worth it, if you are just starting out or are new to the area.

I'm not sure I'm allowed to post a link but you find the class by googling Wake Tech Continuing Education. Next class starts April 2