All Forum Posts by: Kadeem Wells

@Catrina Linhard The biggest challenge i can forsee is maintanence issues. If you dont have a good contractor or handyman that you can trust. The prices for simple repairs will be tremendous.

I took mine online you have to get a course that is state specific. Its not hard to complete you just need discipline to sit down and put in the hours. Just look up some accredited schools in your area they are all the same thing.

I would suggest talking to a real estate lawyer in your area. That can be a very area specific problem based on the rules. If it was me I would try to introduce the pamphlet now that I have taken over the property but I'm not sure the legalities on that.

To wholesale, a fire damaged house you're going to have to do the investor job for them. Make a report of estimated costs to repair. Make a chart of the comps maybe even create a timeline to show how long it will take to get the job done. Keep in mind fire damage means fire sale so everything inside must go especially if there has been water damage sitting around for months it's a complete gut.

What are your plans for this property?

Hey @Adam Bush My advice would be to refer to your lease. If it ends up in court a judge will use you lease as a basis for any decisions. If it does not say in your lease that they can charge you for minor wear and tear then I would not pay it if I was you. Use the exact wording in your lease as the main reason supporting your argument.

Hey @Alishea B. Instead of 1 section 8 tenant you should consider a company like pad split. Ive been working with them a lot recently. A good portion of my clients make 5k+ every 3 months on the homes that they rent.

Hey, @Taylor Elyse Murray I would suggest a company like padsplit which is here in Georgia. They take a single family home and rent it out room by room. This allows you to use the brrrr method and maximize your profits. This also means you don't have to be bothered finding the cheapest home you can start with a reasonably priced home on the market.

As an agent, I look at the MLS and study the ratio of sold properties to available properties in 100k increments. 100k-200k 200k-300k etc. It usually will give you a pattern to follow where everyone is moving and what the market is doing.

Hey @David de Luna I would suggest going to see some of the available homes in the market. Also talk to a real estate agent they should be able to send you emails with pictures of sold and available homes in the area. This can at least help you gauge the level of renovation you should be striving for.