All Forum Posts by: Jim Workman

I have been using William Robison since this summer.  He seems to think like an investor when recommending needed maintenance.  My properties have quickly stabilized and are cash-flowing.

I agree with @Sandi Hague & @David Robertson

@Joshua Dorkin   I would very much like connect with my fellow KC investors. It is unfortunate that you had such a problem with spammers.  The regular forums seem to be pretty well patrolled by moderators.  I would think we could do that on a local sub-forum.

There are Web apps to indicate addresses on a map so we could see who is in our neighborhood, and work together on local issues.  This could be of huge benefit to BP members.

@Levi Bennett

Thanks for the offer, but I decided to buy traditional rentals in other areas of the country.

Jim Workman

@Ian Fisher

I, too, have been working with William Robison for the past several months, first as my broker in acquiring four properties (22 doors) then an easy transition into the property management.  Those properties were stabilized and cash flowing much quicker than my purchases in other cities.  William looks at issues from an investor standpoint suggesting solutions based on bang for the buck.

I have a quad in South St Louis with a detached 4-bay garage.  Parking is not included in tenants' contracts so it is available to rent on its own.  It has 2 double doors and no inner walls so it is not secure for storage.

I can probably get $35 - 50/ mo /space.  Does anyone know of any special liabilities that would make this not worth trying?

If you are doing something similar, please respond here or PM me.

Does anyone have an appropriate contract

@Marina Wong Hi Marina,

Are you still involved in this project?  I am in a very similar deal.  I would like to know how things are going.

@Chris Winterhalter   I have 3 bids, awaiting one more.  1500 sf for $6500-$8500.

Thanks for the advice.

Jim

@Mike Giudici   I don't plan to keep it 10 more years.  

@Jon Klaus   Bids are between $6500 - 8500 for 1500 sf.

@Mike Giudici  @Chris Winterhalter 

I just got some bids on a flat roof.  Most suggest torch-down.  Two say underlay + torch-down top layer.  One quoted a middle torch-down layer (for higher quote).  Warranties are all 12-15 years.  Is the middle layer necessary?

Jim

@Chris Zink   I liked everything except that it is all studios.  That means lots of turnover.  Rent rolls bore that out.