All Forum Posts by: Gary Schmalz

Aaron Seelbinder, is that glamping project up and running?  I may like to try it out. 

Roldan, wish I had helpful info for you on that, but I am no help.  Perhaps someone else can speak to your question.  

Isabela is awesome, let me know how that goes.  Great places in San Juan, depending on where you are looking.  I am not headed back until March.  

Hey All,  just looking for some advice.  Partner and I made offer on quadplex, and they took offer.  $168k.  Inspection came in, great air conditioning, great roof, great structure.  Needs new parking lot.  $5K?  Some electrical $3k,  Gutters  $3k.  New windows and siding will need to be done in next 5 years.  $10k?   Garage has some sort of fungus growing in it, but not mold.   Everything else was marginal to acceptable.  

Calculator still gives us cash flow, but the extra costs make us hold our breath, and wonder "what is next?"   Don't have a lot of cash on hand, not rich people, just trying to make our way through real estate.  Buy and holds.  We are not rookies, but not experts either.  

Thought we would toss this info out there for your advice.

We have 24hrs left to respond to the after inspection.

Just kind of stuck on this one.  Thoughts?  Questions?

Thanks in advance.  

Love it Jaden, I may try to make it.  Would like to see a BP in the NW metro.

Thanks Dylan, will check it out, seems I just missed it. 

Thanks for the link DJ, I appreciate it.   Best to you!

Hey All,

I want to find some monthly REI meetings in the Minneapolis area.

Any suggestions?

Thanks

How many managing companies do you deal with?

We have full time jobs, kids, normal life...have a flip that needs to go rental, need managing company.  Already have companies managing other rentals.  This one is a new location, would need another managing company....just seems like I am dealing with too many property managers.

How do you manage them if you have multiple managers?

Thanks!

Hi Jon,  this deal is coming together.  The nutshell is we put up $180,000 for a multiple investor project.   We get $10,000 back after 90 days.   What do you think?   Does this seem like normal market numbers to you? 

Thanks for your advice. 

Hi Kira,  We found out about 20 and 22 after getting here.   Are you available to talk?