All Forum Posts by: Josh Wilson

@Larry Burr Thanks for reaching out! Looks like you flew an absolute dream of a jet! I hat finished my aircraft commander upgrade earlier this year in the C-17 and hope to keep flying her for a good long while!

And you're definitely very well acquainted with the Phoenix multifamily market! What would the best route for me to discuss current availabilities further?

Thanks!

My mom lives in Phoenix, and has been staying with a friend from church, but has to move out now as her landlord's son and daughter-in-law need a place to stay. She's got until early December to pack and move out, but unfortunately she's unable to find any housing that I'd affordable to her on an Uber-driven income.

I'm stationed up in Tacoma, WA, but am currently deployed until early December, and have limited capabilities between the time zone difference and an erratic flying schedule. I've got limited experience with investing through a VA loan triplex that I house hack in Washington (and closed on in January), and don't yet have experience with running a remodel. I have about $20,000 between cash reserves for my triplex and wedding savings.

This is just the state of where things are now; I'm definitely not here to complain. However, I'm hoping for some feedback or guidance on what's realistic to expect in the area.

The most ideal situation I can think of is to find her a house with a casita (or buy a house and add a casita in the back), so she can live in the casita and act as a property manager. Somewhere in the west side of Phoenix, near Luke AFB. Alternatively, if anyone knows of any multifamily properties that are feasible, that would also be ideal.

Anyways, I appreciate any feedback, referrals, or insights that you guys may have! The current plan is to get her in a cheap month-to-month lease while searching for a more permanent solution.

I just closed on a house with a very large, interesting backyard. It has a gazebo with a pond and water wheel. I'm not exactly sure what to do with the pond and wheel - do I get rid of it and just make it a little more lawn? Or do I throw a water circulator on it and make it a nice feature of the home?

I just got a triplex under contract in Tacoma, Washington, and during my VA loan process I learned that I can get up to $6k in energy-efficient improvements attached to my mortgage. The house is in pretty good condition, but if you had the chance to wrap $6k of energy upgrades into the mortgage, what would you include?

Thanks guys! I'll pass those on to my friend! :D

I have a friend looking into real estate investing, but she's not super knowledgable about the subject and I'd like to point her towards some specific episodes that she can go to for a decent foundation. Ultimately, it'll take exposure over time to gain a more thorough knowledge, but for starters, which episodes do you recommend?

My first two are:

- The most recent episode (320) with Investorgirlbritt

- Episode 296 with Rock Thomas

Thoughts?

@Matt K. You were right! I guess Stripe was initially running the charge as a software charge, rather than a lodging charge. Once they updated the MCC, it ran through! Thanks again!

@Matt K. I hadn't even thought of that! Thank you, I'll see if I can get that shifted.

I've created an LLC that is renting out room to government employees on temporary duties, and they pay via their government travel cards. I was planning to charge them via Stripe, but the charges were blocked by the bank. I tried running the charges through Paypal, but Paypal also blocked the payments. Does anyone else have experience charging credit cards like this?

Thanks! Josh

Good evening guys!

I'm 25 years old and on my first assignment with the Air Force in Tacoma, WA. Driving around Tacoma, I came across a small property with an excellent water view. According to the Tax-Assessor's website, this property is a 536 sqft building on .46 acres, and is the definition of uninhabitable. I'm talking decades of neglect, which probably means a teardown to the bones and hoping the bones are still good. The taxable value is $331,400 (somehow up from $82,000 in 2016), and is pretty much entirely land. The taxable value on the properties next door are $874k, $748k, $760k (half-million dollar houses with 3-4k sqft). I'm currently engaged, and love the idea of making this small home livable again, and living in it with my future wife (wedding late next year). I'm thinking the smallest home in the nicest neighborhood. I'd live in it until I get a new assignment, rent it out for a while, and eventually tear it down/rebuild for a better home to rent out. Extremely long term, that would become our retirement home - but for the 3-4 year term, it'd be a live-in flip (once brought to a base level of livability), then a SFR.

The owner is an LLC, which owns a fairly large stack of land along this water view road and a set of other similarly old, uninhabitable houses on completely neglected land. The only indication that anyone is aware that the land exists is the fact that the property taxes get paid every year. I'm hand writing a letter to the LLC, hoping that the owner would appreciate cashing out on the tiny house on the tiny plot of land (relative to the rest of the LLC's holdings).

So, in this letter I'm writing, I'm pretty much including what I've told you guys. Personal story, why I'm interested in the home and what I'm interested in doing with it, etc.

My question for your guys is - are there pieces of this that I shouldn't be including? Should I include an offer for purchasing the property? If so, how much should I offer? Or should I just include my contact information, and hope they get back to me? Are there parts of what I'm saying that make the wholesalers shudder?

Thanks for your time and consideration! 

Josh