All Forum Posts by: James De Stefano

Agreed with the above posts,  for $500 or less you can likely get a RE attorney  to get your ducks in a row to do the eviction properly.  It's not that bad if you want to pay someone for experience. 

Bitcoin is intense... obviously millions have been made, but I think that ship has sailed folks.   Anyone who buys at $45,000... you're just asking to lose 50% of your money in case this ever gets proven to be a scheme.

Upside... ok maybe it doubles to 100k.  But it's truly gambling. 

LOL.  This cracked me up. 

If an agent wanted to specialize in short sales or REO's, wearing a hard hat everyday might get some attention! Marketing at its finest.

Good responses for a question I've wondered about.  

Hairstyles, tattoos, clean shaven, clothing, showing up early vs. on time, the way you respond to texts... lots of little things that do add up for many people.  

But results is what matters in the end.  

From seeing both sides, Investing and Retail Sales,  I'd say expertise.   It's a steep learning curve to become an expert in all things Real Estate, and I know I've got a long journey.  But I continue to learn, week after week. 

If I'm asked 10 questions, I better be able to answer 9 out of 10 with confidence.  And will hunt down the answer to the 1 I don't know. 

I had this same question a few years ago, It's good to know the basics before just jumping in for a purchase.  If you don't have representation, be VERY sure of what your contract says before it's signed and sent over. 

But if you are getting anywhere close to 200 k in equity...whew!  make it happen.   That's a crazy deal. 

Solid thread and variety of POV's. 

The strategy seems amazing from a Zoomed Out view, but each step of the process can be challenging and full of obstacles for newbies.  

So taken as a WHOLE, there's a lot of opportunities for errors and getting  the project derailed ( ie. losing money )

Case studies on YouTube seem to help me get more of a concrete hold on each step, but again experience is 100x greater than a book or forum post. 

Confidence, hard work, and a pinch of luck to find the deal seems to be the key ingredients!

Howdy folks -

We bought a property from the 1960's, and the backyard needs a major overhaul. In fact, the 4 foot chain link fence is the OG from when it was built!    

To keep it brief, we have 2 bids to install a new fence along most of the backyard perimeter. 

Red Cedar 

8 feet tall section of  75 linear feet 

and another 2 sections , about 90 feet  of 7 feet tall

So total of 167  linear feet,  + removal  existing fence  and haul away.    2-3 days of labor with a crew.

Bids are between $6,200 and 7,200.     I've also heard from 2 unrelated ppl that the cost of wood has gone up significantly in recent months. 

Anyone with experience installing fences?  Seem like a decent deal, or this is outrageous?   No way I have the expertise to install this on weekends w/ some buddies. that would be  a 3 month long mess. 

Thx in advance

Great story and thanks for sharing OP.    Impressive to pick your self up and try again at it!

We recently picked up a home that was rehabbed about 80% of the way, but the exterior was not completed and thus didn't appeal to that majority of home buyers.  We got a good deal, but Closing day was a nightmare w/ the Seller threatening to walk away from the entire transaction.  

Lessons learned are a tough part of life, but I'm confident you will grow from here.  Best of luck !

Texas is seeing less and less inventory, and higher and higher prices for sold properties.  

But I do think in 6 - 12 months, there will be some major impacts from all the band-aids the Gov. has been putting on these giant wounds our economy is taking on. 

Seriously, there has to be some major inflation that will take place maybe 3-5 years from now.   

Which to me indicates R.E. prices will continue to creep up  over time by default.  If $1 million in 2030 is only worth  about $600k in today's money,  then  surely RE prices will continue to rise. 

 Like many posts have said, stick to your guns.  Do what's working, and jump on opportunities.