All Forum Posts by: Austin Fruechting
Austin Fruechting has started 13 posts and replied 758 times.
Post: Middle ground between Grant Cardone and BP

- Investor
- Kansas City, MO
- Posts 791
- Votes 1,670
Post: What Percentage Of People Like/Dislike Being Landlords?

- Investor
- Kansas City, MO
- Posts 791
- Votes 1,670
Post: What Percentage Of People Like/Dislike Being Landlords?

- Investor
- Kansas City, MO
- Posts 791
- Votes 1,670
Post: Middle ground between Grant Cardone and BP

- Investor
- Kansas City, MO
- Posts 791
- Votes 1,670
Post: Middle ground between Grant Cardone and BP

- Investor
- Kansas City, MO
- Posts 791
- Votes 1,670
Post: What Percentage Of People Like/Dislike Being Landlords?

- Investor
- Kansas City, MO
- Posts 791
- Votes 1,670
Originally posted by @Cody L.:
I love owning property.
Hate being a landlord (which I why I have property managers)
Exactly this.
I managed my own properties at the beginning in addition to starting a property management business managing others properties. The day I sold that business was a happy day as has every day since not being a property manager. I don't enjoy managing properties at all!
Post: How's my new deal look??

- Investor
- Kansas City, MO
- Posts 791
- Votes 1,670
Oh, and their first asking was ~$1,135,000 and I got them to $790,000.
Make your money when you buy!
Post: How's my new deal look??

- Investor
- Kansas City, MO
- Posts 791
- Votes 1,670
22 Units; 12 SFR's & 5 Duplexes.
Current status; only 9 of 22 rented. 8 more can be rent ready with little/minimal work (4-6 weeks total). 5 units will require substantial work. Total cost of all renovations/deferred maintenance: $194,500.
Estimated appraised value as-is: $1,260,000
Purchase price: $790k
Rehab: ~$195k
All in: $985k + closing costs
Gross rents when complete: $18,590/month
Estimated As-improved value: $1,500,000-$1,600,00
Post: Improve your tenants lives?

- Investor
- Kansas City, MO
- Posts 791
- Votes 1,670
I treat everyone I deal with integrity and act ethically. If I say I'm going to do something, I do it. If I shake your hand on a deal that means way more to me than a signature on a page does to others. I try to keep my units slightly above the standard of the competition at the same price. If a tenant has a problem I try to fix it as quickly as possible... but let's be honest. That's just business.
Even though some of those decisions often have the result of improving the tenants lives, those are just business decisions and have nothing to do with a desire to improve anyones lives other than my own. Those are all things that I believe will make my business more profitable. Keeping tenants happy means keeping quality tenants that treat the property well. That all allows me to spend less time on them, have less headaches/stress, and be more profitable (improving MY life)
My business is my business. My charitable contributions to improve lives are my charitable contributions.
Post: My retirement does 6%--Do I drop it like it's hot?

- Investor
- Kansas City, MO
- Posts 791
- Votes 1,670
Originally posted by @Joe Villeneuve:
Originally posted by @Joe Splitrock:
Originally posted by @Bernard Reisz:
@Ashley Benning@Christopher Phillips@John P.@Joe Villeneuve
"Diversification is protection against ignorance. It makes little sense if you know what you are doing." - Warren Buffet
Just some food for thought...Best to all!
Berkshire Hatahway is extremely diversified so does that make Warren Buffet ignorant?
No. It makes him extremely smart. Heis ableto use his knowledge to choose thebest investmemnts and as a result of the "smart" choices, he ended up diversified.
Yep, just because the companies Warren Buffet acquired and added value too are across different sectors doesn't mean he "diversified". He simply applied his models to the opportunities at the time and chose the best. If it was a different sector that didn't matter. What mattered what his business plan and model. What mattered was that it had the right financial metrics, and in the right position for him to implement essentially same plan every time.