All Forum Posts by: Jeff Robert
Jeff Robert has started 5 posts and replied 123 times.
Post: Advice for my LLC/Domain name
- Real Estate Agent
- Grand Rapids, MI
- Posts 127
- Votes 56
I wouldn't waste $22,000, nor $110, on ChicagoHomeBuyers.com. Come up with something witty that is available, and spend $10/year on it. Google and Bing don't value domain names for search results anymore.
Post: How many LLC's is too many?
- Real Estate Agent
- Grand Rapids, MI
- Posts 127
- Votes 56
It also depends on the state costs of an LLC. They are $600/yr in Illinois/California, and only $50 setup (and $25/yr thereafter) in Michigan.
Post: When to get a property manager?
- Real Estate Agent
- Grand Rapids, MI
- Posts 127
- Votes 56
Originally posted by @Jacob Sampson:
You get a PM when you are tired of making a profit.
If you aren't making a profit with a PM, then you paid too much for the house.
Post: BRRR Poll Question: With break even cash flow, Yay or Nay?
- Real Estate Agent
- Grand Rapids, MI
- Posts 127
- Votes 56
Originally posted by @Ryan Rogers:
And broke dead even to begin a deal, in a price point of 500K with (historical likelihood) for 4-5% yearly appreciation.
I remember justifying this same scenario in 2001, and the houses still have not recovered to that value. Granted, it was Michigan, but states like Mass, Cali, NY, will fall some day, and I wouldnt want to leverage myself to that 4-5% appreciation 'hope'. Focus on cash flow.
Post: Looking for thoughts on Selling my Duplexes
- Real Estate Agent
- Grand Rapids, MI
- Posts 127
- Votes 56
I always prefer to see homes in vacant condition, both from a physical point of view, as well as being able to choose my own tenant. I also prefer showing them vacant, it makes showings easier to schedule and reduces the possibility of the tenant sabotaging a deal.
Post: Creating a website
- Real Estate Agent
- Grand Rapids, MI
- Posts 127
- Votes 56
I'd recommend WordPress, SquareSpace, or LeadPropeller
Post: Getting started
- Real Estate Agent
- Grand Rapids, MI
- Posts 127
- Votes 56
Welome triple-J! I'd recommend checking out meetup.com for local groups.
Post: Vacant Properties
- Real Estate Agent
- Grand Rapids, MI
- Posts 127
- Votes 56
County tax records didn't help? What about county court records, that might show details of foreclosures or past divorce, etc.
Post: New member from New York
- Real Estate Agent
- Grand Rapids, MI
- Posts 127
- Votes 56
Hey Craig, welcome. Checkout the podcasts to get started!
Post: Carlos Velez
- Real Estate Agent
- Grand Rapids, MI
- Posts 127
- Votes 56
Hey Carlos, welcome. If you have any details, please let me know.