All Forum Posts by: Justin Case

I will sell you my system for $950

Accountants and investors love it!

I would not use that bubble logic, rent vs buy as a rule of thumb. Although BC sounds like Seattle and I have watched Seattle prices jump significantly each week lately and pending offers within two days on the MLS on these props. Most of these offers are bidding the price up on the already inflated price.

If you are new I would not take that much risk for a first time project. Move where houses are cheaper for your learning curve and less net capital risk.

No one knows if the market is in a bubble or not. In 2007 most everyone was thinking the market would keep going and going up. You will not know if it is a bubble until after the fact.

In Seattle I look at how fast the prices are going up and the average household income (it has been going down the last few years). I have no idea how these avg people are affording to buy. Developers have also started buying at peak prices speculating on more appreciation.

I have seen a handful of properties on the MLS change their price +$40K at once then they go pending a few days later.

Also look at the area job market.

Buy low and sell high it is that easy but many think they are missing out so they buy (into the bubble).

Start work, go to college, save $

Look at return on Capital not cash flow.

They are a bunch of BS to get you well wishing to buy the next product

It is supply and demand bro

@Jim Foil You can not beat MS Project and how powerful it is for the price.

It is COTS and I have management a portfolio of $500 million construction projects with it at once.

Build your MS Project schedule with cost and export to Excel for status updates. Either email it or print it on paper for the contractors to update.

You can export the costs from project to Excel to Quickbooks if need be.

The most important thing with building a integrated schedule is defining a true critical path with tasks relationships to know the true finish date and how it is impacted.

How often would you ask for updates? Every week, Everyday?

I am a project manager and I specialize in MS Project. Feel free to ask any questions.

I would get out of that property.

It is at peak price and little cash flow.

it has to be in a suit and tie like the justin timberlake song.

@Jon Holdman You aim for mid double digits (50%) ROC per month?