All Forum Posts by: George W.

I don't think it's a bad idea, I think it's a horrible idea! He obviously has issues if he lost his 9-5, has poor credit and is desperate for income. Those are three major red flags. Maybe you should start looking for a new partner. 

 Maybe he's living off the co-applicants job. Or maybe he's the next Walter White haha. If everything checks out it probably isn't a big deal. I don't think home breweing would have much of a smell effect.

Definitely would be good on a resume and in general. Probably has useful information too. That being said I never had a seller ask to see my resume haha. Maybe it's something that can be revisited after a few multi family deals. 15k could certainly go towards a down payment instead. 

Okay sounds like you got a passion for what you do to earn a living. Is there any particular skillset involved with it that you can capitalize on? Maybe it's possible to find another part time job that involves those same skillsets and pays higher? I'm not sure what market is like in la because I'm from nj, but I'd imagine it's a very expensive city to invest in. 

Hi I'm sure that those courses would have some useful information. What's the costs of said courses? Also at the same time is this course really necessary to invest in multi-family properties? 

Maybe a good first step would be to find a decent paying w2. Also I'm not sure what kinda freelancer you are, but is there any way that you can start a business and earn more money that way? I'd imagine It's gonna be hard for you to find a loan most likely if you don't have employment. Having a gift for a down payment is a very good head start and you have money saved up too which is great! It shows that you're able to save/budget. 

Not a bad idea at all. There's definitely alot of neglected homes that could be gotten there. 

I think that it would be easy for someone to get over on you if you dont find a way to protect your investment in the estate and it would probably be better just to buy it from them instead of partner with them.

Another note It's a emotional time for the family of the people selling and remember that deaths usually bring out problems with siblings. So if you get the property out of their hands quicker then fix it up you might have less issues. 

Im a plumber here's suggestions 

#1 use a basin wrench, make sure the jaw of the basin wrench is going to turn the but left loosy. If that doesn't work take a pipe wrench and put it on the square part of the basin wrench for more leverage. 

#2 if no success with number 1 they actually make a tool that looks just like the nut. It threads on to the spout stud, you tighten tool up to the nut that's seized. Then theres a screw that you tighten on it to split and break the seized nut. The tool I shared is for bathroom sinks but there's other out there similar. 

https://www.supplyhouse.com/Pasco-7000-PASCO-Quick-Nutcracker-Basin-Nut-Remover?gclid=EAIaIQobChMIkeS8yazT4gIV3oWzCh3gTA4KEAkYAyABEgKzy_D_BwE

#3 if you can't find the tool mentioned in number 2, use a Dremel/oscillating tool to cut nut. 

If none of these work for you, you're probably gonna have to pull sink or call a plumber that will be able to do this without pulling the sink. Chances are the plumber will get this done much quicker than you will. 

Well it sounds like you only have to wait another 6 months to be able to get a mortgage. It's a good amount of time to save more for down payment. 

Are you located in Chicago or was it long distance investment? Either way maybe you should hunt down any paper work that you have from the contractor so that you can prove a contractor was supposed to do the repairs for you and he scammed you if this is what the violation is. Maybe find a contractor who deals with violations.