All Forum Posts by: Grant Rothenburger
Grant Rothenburger has started 23 posts and replied 2021 times.
Post: Where can i list a property for retail buyers not investors?
- Investor
- Taylor Mill, KY
- Posts 2,076
- Votes 964
Originally posted by @Jy Kasnett:
Originally posted by @Jacques Herve:
Price it retail. You won't see investor interest, no matter where it's advertised.
thats true. Just wanted to know if there are forums or something like that where regular buyer can buy fixer uppers?
I have not heard of a place like that.
Post: Determine the value of a single-family home
- Investor
- Taylor Mill, KY
- Posts 2,076
- Votes 964
Yes to comps.
Post: Multiple Construction Questions
- Investor
- Taylor Mill, KY
- Posts 2,076
- Votes 964
Q2) Call the city or county and ask them
Post: What would you do if you needed $3K EMD by tomorrow?
- Investor
- Taylor Mill, KY
- Posts 2,076
- Votes 964
Shouldn't you have the money if you're bidding at an auction? @Reese Davis How were you going to purchase the property to begin with?
Post: Do we still shoot for the 2% rule in today's markets?
- Investor
- Taylor Mill, KY
- Posts 2,076
- Votes 964
Originally posted by @Shaye Mora:
Originally posted by @Grant Rothenburger:
@Shaye Mora Sure you can shoot for it, but those are VERY VERY hard to find in any market.
Indeed it is hard to find! My first deal I got was a 1.88% and this 2nd deal I'm about to close on is sitting at a 3.0% flat!
I don't look at the 2% rule, but more at the cap on my investments.
Very nice, I see those still happening most often in C and below neighborhoods. Around me that is the case anyway.
Post: Build-to-rent Multifamily in Florida or Georgia
- Investor
- Taylor Mill, KY
- Posts 2,076
- Votes 964
My only "devils advocate" point is, developing typically carries more risk, especially with larger, more time consuming projects. If something changes in the market while you're building that changes your numbers drastically, you may be in trouble.
Post: First Investment Property in College
- Investor
- Taylor Mill, KY
- Posts 2,076
- Votes 964
Yeah you should, @Jaysen Medhurst gave you a pretty good number at 12-15k. For accumulating the cash, can you work this summer? A lot of lawn care places will pay a guy to weed eat $100-200 / day.
Post: Pay off car loans or save for another down payment?
- Investor
- Taylor Mill, KY
- Posts 2,076
- Votes 964
Originally posted by @Victor Robinson:
@Frank Wong
Thanks, Frank. I’ve definitely been aggressive. But you’ve set some benchmarks in terms of reserves that I will certainly be aiming for. For the first few deals I thought, as you mentioned, if all of these sit vacant, I’m ok. At 25 units, though, that’s no longer the case and there’s no way my w-2 income could float my portfolio for an extended period of time.
I previously mentioned saving to invest and while I’m not “done” investing, I have recognized as of late that I’ve gotten a bit ambitious and need to sit out for a little while to build sufficient reserves and reduce debt. Thanks for your comments.
I was going to say I agree with Frank, but so do you. Good choice to sit out for a bit.
Post: What did you all do before you started investing?
- Investor
- Taylor Mill, KY
- Posts 2,076
- Votes 964
When I was younger I would go to houses and ask if they needed grass cut, get a few "yes" and walk my push mower to their house and cut the grass. I lived in a decent neighborhood where I could walk to any house in it. I did snow shoveling in the winter, though you may get too much snow for that unless you come with a crew lol. You can go to houses with car cleaning supplies, use their water and wash their cars.
You can also start bird dogging anytime you're out. See a crappy property, get the address, give address to a wholesaler, if they close get a couple hundred dollars. You'd also have to find a good wholesaler that would do this with you, and you trust them to hold up their end.
Post: Do we still shoot for the 2% rule in today's markets?
- Investor
- Taylor Mill, KY
- Posts 2,076
- Votes 964
@Shaye Mora Sure you can shoot for it, but those are VERY VERY hard to find in any market.