All Forum Posts by: James Bartley

@Bill Rought

I wouldn’t bank on any value for the solar system to your appraisal, Taking over the loan you really need to make sure you are getting the 25 year warranty from the installer as well. Inevitably your inverter will fail prematurely, depending on brand and quality.

It only takes one service call that you pay for out of pocket to negate the solar savings that month assuming those savings superceeded the solar payment.

@Bill Rought

Some might plead yes and that there are even calculations appraisers can use like out in Berkeley California, but here in Missouri if you talk to ANY appraiser, they will say no.

Best advice would be to just hear it straight from the horses mouth… call a few local appraisers and ask them. Don’t ask a realtor. I used to own a solar company and I carry my real estate license with KW, so I’ve got a little history on both sides of that equation.

I own a solar company and hold a master electrical license, and the sky is the limit as they say, but for your situation solar makes ZERO sense. Hire a local electrician to do a service calc, and if need be, then upgrade your electrical service and while your at it setup a dual meter electrical service if your going through all the trouble of an upgrade anyways.

Thank you, I just joined our local REI yesterday, and will start attending all the off shoot meetings i can. My solar company offers a solar 101 class that i speak at on the same night that the REI's main monthly meeting happens to be on every month.

Hi, we are looking to find a good property management company in the Springfield, MO area. We have an ambitious goal set to purchase 30 doors in 3 years using the BRRR method in tandem with local whole sale companies. We would like any feed back on good experiences with local property management companies to begin our journey with. Any experience and feedback would be great! Thanks

Side note we can use google and read reviews on local property management companies, but some times hearing others personal experiences and recommendations are better.

Thankyou all for the time and responses, I think I am going to figure out how to use listsource.com and send out mass mailers to owners of multi family properties and see if we can get anywhere with that route in finding our cash flowing duplexes. I know mailers work well for single family but do you all know anyone that has ever tried to crack the multi family owners world with mailers?

I met with a realtor today to go over a portfolio that someone was selling off in our area, we definitely cant bite off the entire portfolio for a first deal, So for our first investment to kick start our future, we were very interested in only the 5 duplexes listed at $1 mill, to get close to an 8 cap with good cashflow we would have to offer around $600k and $500k was where we wanted to be after using the BP calc. This realtor said that we would definitely have to take out the 8% P.Management, 10% capx, 10% Maintenance when looking at any properties and that we would be lucky to find a property that had just $100/door after mortgage let alone Vacancy % calculated in. Is there really no market for this and is this something that you just cant use the MLS or a realtor to get into? I have listened to over 15 different BP podcasts and on one podcast there was this one energetic guy down in Florida that was only a wholesale guy and had a ton of effective ways via mailers to get his deals. Will that be the only real way to come across the "deals" that fit the BP calculator? I mean I guess if its a good deal and its listed on the MLS then it would be gone or sniped before it hit the MLS... Where there is a will there is a way, and we are going to make something of this but it feels like our first honest attempt at this was hit with a brick wall, and oh by the way that realtor said that he would be wasting every ones time if we made that offer of $500k