All Forum Posts by: Jody Newman
Jody Newman has started 2 posts and replied 88 times.
Post: Buying rentals in semi warzones???
- Honolulu, HI
- Posts 92
- Votes 59
Originally posted by @Stanley Diaz:
@jody thats a bold statement. Can you tell me more why you think that?
The gang member who specializes in copper might get blowback if he steals from BIG BUBBAS 4-plex . Not so much if he steals from some rich banker who lives in TRUMP international NYC...........lol.
Post: Bartender as tenant?
- Honolulu, HI
- Posts 92
- Votes 59
Id go for the local frumpy librarian be4 id take a bartender!
Post: Need Eviction Help non tenant saying shes not leaving!
- Honolulu, HI
- Posts 92
- Votes 59
Lawyers work on Sundays?
Post: Buying rentals in semi warzones???
- Honolulu, HI
- Posts 92
- Votes 59
Originally posted by @Stanley Diaz:
Hi Everyone, I think this conversation needs to be revived, I'm wondering if anything changed since 6 years ago.
Me and some friends are thinking about buying in Dearborn area, I guess its considered the Detroit suburbs???. Can the locals tell me, is this considered a war zone area??? as you can see, I don't have a clue what's going on there.
I seen some decent properties go for as low as $12k that can rent in the $750's. are these a good deal, if not, why???
I read all the comments, so far I learned:
1. secure the a/c and heating systems to prevent theft.
2. Beware of squatters, secure the house and rent asap.
3. Use section 8 if possible (what's the down fall other than poor tenants??)
4. Don't include appliances or charge a higher deposit if including appliances
5. Get a good property manager.
6. I heard the city will require landlords to build homes up to code soon (what does this mean for older homes? is there a building code many homes lack that is expensive to fix that maybe I don't know about?)
Simply said, is Detroit/Dearborn a good area to invest?
Personally i think the people that succeed in Warzones are those that actually live in them.
Post: Pulled the Trigger & Bought My 1st Kansas City Turnkey Property!
- Honolulu, HI
- Posts 92
- Votes 59
Have you personally seen what you bought?
Post: Forbes article claims REITS better than investing directly
- Honolulu, HI
- Posts 92
- Votes 59
95% lose money day trading. Same goes for Poker Pros....lol.
It wouldnt suprise me to hear that most DONT make money flipping. Its a small % making most of the money.
Just like its a small % of agent raking in the majority of sale commissions.
Originally posted by @Giovani Mobarak:
Thank you all for the help and suggestions!
some are downright awful advice. Hope you know which they are..............lol.
Post: Borrowing $100k from a friend to invest??
- Honolulu, HI
- Posts 92
- Votes 59
This is such a bad idea! First, its expensive money.. 2nd middle ager claims experience but doesnt have money.
But since guy is old n wealthy go for it........lol.
Post: MEMPHIS INVESTMENT PROPERTIES Case Study
- Honolulu, HI
- Posts 92
- Votes 59
Am i the only lunatic who says to go touch what you are buying? Before you buy not after signing to buy.
WO Jay H blessing i would just forfeit the EMD!
If you really want TK go with Kathy fettke. although i saw horrible numbers on her latest deals. Just absolutely horrible.
Post: Thoughts on first deal
- Honolulu, HI
- Posts 92
- Votes 59
8 units values arent valued by comparables. You in Commercial Zone BABY!