All Forum Posts by: Account Closed

@Theresa Harris right! So these jokers moved their no trespassing signs just over to their side. We definitely floated the idea of hiring a private security guy (HALF joking).

So the survey was done for anyone who wanted the update. The neighbor live in landscaper boyfriend was out talking to my surveyors before I could get to the house. He was lurking around messing with marks if I turned my head away for a second.. Since we left the job site alone for a week so I could better situate my pregnant wife and kids, the guy had run a string line on our property supposing to define the line for their advantage. The line was off diagonally, so I gained in the front, and they gained in the back. Thankfully most the trees I won’t have to deal with except toward the front where he painted my trees. I filed the police report right after the survey. The officer was very helpful and everyone has been disgusted with this guy. Overall, the whole situation has worked out for our good, even though it’s been hard. Neighbor landscaper is still threatening lawsuits if I so much as cut a root of the trash trees and or even put the fence “on” the line. Just a total ridiculous “battle” but we trust that God works all things for good to those who love him. Also, this guy put up no trespassing signs on our property, threatening arrest and lawsuit written in marker with their signatures. All this is from cutting a branch of a tree that was on the existing fence line, but a expression of who they are.. nasty people out to divert their problems on to others. No thanks!!!!

@Emilio Ramirez dang smart guy. You know what contractors are scared of.. camera monitoring on site.. can’t beat that. Also, I’ve heard that about PM coalitions too. Makes total sense they’d work it from both ends. I like the ankle tracker the best though

Yo @Victor Paez, Caleb is super helpful on this stuff. Also, it really helped me to understand the nitty gritty by calling some hml and asking them what they require. Just do it. A lot of this real estate stuff I learn as I do and sometimes you find the money as you find deals and try to pounce on them.. The biggest unexpecteds I couldn’t believe didn’t seem to be spoken usually on podcasts were: most hml don’t lend for less than at least $75k. Many will require you to have like $15k in the bank. Also, on the refi, the banks don’t like self employed, so I’d have a hard time refiing. There are guys on here that do things all cash on purchases and it’s a cool model too if you must avoid these things. Check out a peer to peer loan from Prosper lending. I was going to get a hard money loan, but realized my purchase was too low, so I found a peer to peer that lends $15k or so to help boost your cash power to close a deal.

@Hobart King also, you can check for lead paint, but what good does it do? All this stuff in the house is potentially hazardous to breath and should all be approached like asbestos. Simply wear a mask and demo. Quick tip: get a big roll off dumpster from the least expensive source you can find. Like 22’, 7’ tall walk in, but take care of crazy code crap before red flagging yourself (foundation). If you try to permit everything you may sink on numbers as inspectors can make you do anything and make it all be subbed out. Your rehab will be expensive if you do all new wire, plumbing and foundation work. It will also take a long time which will cost the most, but if it’s a learning experience it’s good. Having to do all this work is no joke and sucks. You’ll find stuff wrong you didn’t think of for sure. Usually you’ll find some stuff right you didn’t think of though too. Sounds like a good project. Personally I’d find somewhere to make sure it has a laundry room, something that wasn’t mentioned. Now a days I’d say the functional open floor plan stands out and people like to feel open and simple rather than tight and complex on the layout. Often two bathrooms can share a plumbing wall.

@Hobart King

1. Yes

2. Yes

3. Yes

You’ll probably have to do all these in different areas of the house. I’m literally working on finishing one that’s VERY similar to what you’re talking about. The most difficult thing is that foundation stuff. You can’t hardly lift them when they sag really bad. If the floors and ceilings are dipping 2-3” you probably can’t unbend the house to get those out but can make them slightly less and then have to level out the floors with certain methods. You’ll probably have different paints in different rooms. If some are good you can clean the walls, put mesh tape on the cracks and hot mud over them and you should be alright. The dust from these things is a devil and the one I did, it made my skin feel hot when just from the dust getting on me, and likewise my lungs. Wear a mask (or your workers). I’ve been involved in tearing out all his stuff and it’s a ton of plaster usually that weighs a ton. A home flipper I remodeled for used to tear it all out first thing to studs. I’m still not convinced that’s the best way because some of the patching can be done much faster than hanging all the drywall in a room. Running new wire, you’ll have to bust out and patch all sections of plaster but the good news of this method is that if your avoiding permits (which I would never!)you can rough in and patch walls pretty discretely.

@Nandy B.

I’ve recently purchased one for $15.5k and one for 12.2k in areas we we’re thinking about moving to. Kind of a chance to explore the areas while we flip. It’s cool for us, but it gets exhausting moving around for these things. It’s really cool looking out of state for “good deals” but after a while I start to realize how I’d like to have all my investment in a single area.

@Nandy B. $7k. I got under contract in hopes of making it my first flip, but by closing I had already figured out it was more worth it to work a job instead of spend the time flipping it. It’s still a cool house, so I paid off my little borrowed money and hung onto it and it sits there vacant, storing some of my stuff somewhere in the middle of the US. I guess now I’m either waiting for appreciation, or really just the time to go remodel it to at least slumlord status to rent. I think in the markets where you can find some real cheapies, there’s still some profits to be turned if you’re patient and can hang onto them for a while. Could be wrong, but it’s a start.

Heck yeah @Michael Ealy

@Gerardo Escutia sheesh, seems like you should be preparing for the winter by now. In a few weeks they shouldn’t need too much ac. As long as the furnace is good you shouldn’t have to visit this problem for a while.