All Forum Posts by: James H.

See pics at bottom of report. The agent told the septic system failed but I can tie in with nearby running town sewer lines. I know that could be very expensive depending on variables. Going under foundation, landscaping getting in the way etc.  Would this cost me an arm and a leg to convert to natural gas?

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Well said Matthew, thanks for your thoughts. 

 Mark, that’s a great question I’m going to investigate that. The property has only one entrance with a staircase connecting the floors. This new exterior staircase would be ingress as well. That’s a great tip about using wood instead of metal, thanks for that.

I looked at a decent HUD home today near where I live in CT. It's an older Victorian converted into a two unit. They are asking $80k but I would bid perhaps $60k it needs some modernizing. The building has three floors, the third floor houses the bathroom and bedroom of the second floor 2nd unit. Here's the problem the unit on the second floor has no form of egress. There is an excellent spot to add one however, only about 20ft off the ground level and it would work well attaching stairs to this sort of little sunroom that extends out past the roof edge on the second floor. Is it a huge pain in the you know what to add another form of egress? Like a simple metal staircase. If you're interested to see the numbers I can send you the deal. After a thorough work through it will cash flow with both units rented at $300 for both units. So $150 each. I would like to BRRR/House hack this property but no form of egress on 2nd floor got me thinking..

thoughts on adding one? Would you? Can we do the work ourselves?  

James

I grown money for my investing this way: 

I wait until Amazon takes a beating then I thrown any savings I have at that point into the stock. 2 years ago in the fall the stock dipped below $1600 (I bought a lot) then rose up over $2000 (cashed out) Stock dropped again two weeks ago to nearly $1600 I dropped in $17k now it’s sitting over $20k today. It needs to climb back a little more before I cash out but..it works I’m serious.  So..it’s not really that risky when you look at the companies financials and quarterly reports. Very powerful company and I’ve made thousands on them.. between drops in stock I price I keep it in a high yield savings account.  You can set up automatic alerts so you know when to buy. It’s no brained for me. Just one idea!

Hey Jaysen, thank you for the reply! I’m new to the BP forums here and not exactly sure how to PM you just now. I sent a colleague request I’m assuming we can communicate after you if/after you accept?

Thank you for replying! I’m looking forward to hearing what you have to say.

James

Shaun thank you so much for that response that was helpful. Are you an independent mortgage broker? 

I need a recommendation for a great lawyer on the CT shoreline. I live in Essex CT but I’ll drive for a competent lawyer who understands us investors and what we need. 

Thank you, I’m trying to put my “team together”

James