All Forum Posts by: Jody Schnurrenberger

@Michael Macklin, are you going to be at that Raleigh seminar on Landlord/Tenant Law (or something like that) on November 3?  I was thinking of going.  It would be great to meet you.  :-)

Thank you for your service and GO ARMY!  lol

I'm sorry you used up your free tool uses, but I'm glad you actually used them rather than just asking folks for the answers.  Maybe consider getting a short term membership.  Do they do that?  I can't recall...and I just got my PRO membership like 2 days ago.  lol  Well, my excuse is I have a brain injury from Iraq, so that's what I'm going to claim for why I can't remember that recently.  lol  Anyway, I'm impressed you're doing the figuring without the tools!  Good luck! 

@Miguelito Fernandez, thank you for your service!  Personally, I still miss the Army.  I loved it!  But I'm adjusting.  I think part of it is that I got out medically, not because I decided it was time.  Oh well, maybe becoming a real estate baroness will improve my outlook on civilian life.  Hahaha!  Kidding!  I don't plan to own THAT much...maybe like 5-6 max.  

I think I read the same thing you read about Fayetteville and Raleigh.  I hope the good market there holds out as my agent in Auburn, AL is retiring next year, so I'm going to do my last planned deal there before she's gone, then start working on Raleigh, so it will probably be a year or two.  

I have a bunch of friends at Bragg right now.  For some reason, like 5 or so of them all PCSed there.  Weird.  lol  Maybe we can meet up one of these days when I go to visit them.  :-)

Good luck in your endeavors!  

To prevent CapEx issues in the future, you can use the BP tools, though I think you can only use them each like 5x if you're a free member. I wouldn't think this is a very good deal if you are only going to cash flow $128. Not a BAD deal, but I think you can do better. Also, does that include like closing costs and such? The tools include that. But you covered a lot of stuff others don't like insurance, taxes, PM, etc. Good job and good luck!

I'd suggest posting this in the Real Estate Agents Forum under Real Estate Professionals.  Good luck!

I have no idea, but maybe if I post something, it will bump it up and the next person will know something.  :-)  Good luck!

I'd suggest posting this in the Real Estate Agents Forum under Real Estate Professionals.  Good luck!

Was that you that used the BP tool on that property? If so, great job! Everyone else just asks what folks think. Well, there's a tool to help you with that. Anyway, I'm not a tool superstar yet, but I've seen a couple of webinars and read some blogs and the consensus seems to be (or I'm just getting this from the same people, who knows lol) that you want at least a 12% cash on cash ROI and this one is 5%, so I'd say it's not a good deal. But that's just my opinion... Good luck!

I have no experience with this, but no one is answering, so I thought I would.  Personally, I stay away from flood areas, but that's just me.  Even if it doesn't flood again for another 15 or more years, note that they are cutting their price in half, PLUS had to do a bunch of work.  Even if you decide to do it for a flip, the flood will scare a lot of investors away.  I'd say, "No deal."  But that's just my opinion...

Try asking in the Real Estate Agents Forum under Real Estate Professionals.  Good luck!