All Forum Posts by: Julien Jeannot

I've been approached a few times, but didn't fit my strategy at the time. I do love the concept.

Check out: https://www.alesolutions.com/#

Welcome!

You are in the place to learn. I love house hacking as a jumping off point.

Memphis is interesting, not only the differences by zip code, but also street by street.

I'd recommend an experience property manager who knows the lay of the land.

It is another layer of protection and helps limit any liability to that LLC.

You would not want a lawsuit to follow you personally or your other assets.

Congrats!

A regular account works just fine. Just hold the security deposit funds in there and do not do run any other transactions through it.

For me, although I look at the Yr1 returns, it's only part of the picture when I make an investment decision. In my market the appreciation I've done 15% to 20% average YOY for the last 9 years. A low yr1 return on the BRRRR is not a deal killer. Cash flow also picks up every year with rent increases and mostly fixed costs.

Yes, permits are the way to go, especially for resale.

Also, you don’t want a noisy neighbor turning you in to the county and forcing the process upon you.

My 2 cents:

- Check your local laws, they have a habit of changing often in Seattle. RHWA is a fantastic resource

- Refer back to lease and look for specific language

- Check with your attorney.

I agree and I know there is a lot of competition for those deals. Best to start networking with local wholesaler.

I agree, better to wait to avoid replacing the door multiple times.

Does the security deposit cover current damage?