All Forum Posts by: Josh Dane

@James Barry welcome! Best of luck on here

@Lauren Billups just pick one and run with it! Or both! Don’t get into analysis paralysis.. you will take your lumps regardless so be prepared and ready for it. But this is valuable experience that is hard to pick up via the web.. just my two cents :)

@Albert Brown there a variety of ways to start/strategies. Based on your description, a few places to start would be to get a low down payment mortgage/home that you can perhaps fix up/add value/appreciate and then move into the next place in a year or two. Alternatively, look into buying properties in not so great areas that are more in your price range.

@Rita Medeiros close all holes, make sure there is no rat poop in the house, and you should be set. I would personally have some traps and poison around perimeter of house depending on severity.

@Rowen Burney is 29 too old?? 🤣

@Alex Varner 50% is usually asked for to buy materials. Last 50% is to pay for labor. If you’re worried, maybe you can pay for items/pick up yourself? Otherwise, just need to understand how legit he is as well as have a contract if necessary

@Nita Martin I wouldn’t pay more than 10% PM fee. And why include all those items free? Will that help you attract tenants/retain them, that would otherwise be difficult? There needs to be a value add/economic reason for you to do that..

@Kingsley Edemidiong depending on your situation, the ability to buy a multi unit (live in one unit) and rent the others, and be able to qualify for an FHA loan (3.5% down only) is something to think about..

@Mandi Martinez hard for me to answer in one post 100%, but for my niche/market, I think walking the streets and getting a sense for neighborhoods is super important. My area, each block may be different. Also is helpful to meet people in the neighborhoods and hear from them.

@James Williams did the profit come from the rehab or just the market uptick? If rehab, duplicate the same effort! Seems like you might have a knack for flips..