All Forum Posts by: Katie Lea

@Frank Wong, thanks for that idea!  I wonder how much more it is, but when you consider wear and tear, it may be a better cost in the long run.  We just had someone mess up the floors and it would be hard to replace all of it in a bedroom.  I know that is sort of what the deposit is for, but when rents are lower, the deposit doesn't help much.  Anyway, thanks for the suggestion, definitely something to think about!

Thanks @Frank Wong  I really appreciate this!  Great example and really helpful. Quick question. In the properties that I have I put down all new laminate on each one because I don’t want to deal with carpet and buying new carpet every 3-5 years. I don’t know if it forces value but I do it because of the upkeep. Do you think something like that helps - not even for the forced appreciation but rather just upkeep. 

@Theresa Harris, thanks!  That's kind of what I thought, but just wanted to make sure.

Hi everyone, I wrote this email to Brandon Turner and got an auto message back so I thought I would copy and paste to the group and see if I could get any help:

Here's the message I sent:

I am really getting interested in real estate! I have 4 SFR's (which I had no clue that were really investments until a couple of weeks ago). Oddly, it was just something that our financial advisor said would be something we should do about 12 years ago and we just have continued to add to our SFR's as we want to ever since. Until I found BP and the Pro account through one of your webinars, I never knew there were numbers that actually calculate a good deal. It's just amazing that we went this long and had no clue what we had.

ANYWAY - I am reading the article that you wrote on "7 Years to 7 Figures" and am trying to figure out how and what forced appreciate is. When I search the words in BP I can't find anything and wondered how to get 10% in the first year. If you are looking for podcasts or webinars to do, or just a simple email back to me about this, I would really appreciate it. -Katie

@Robert Leonard and @Theresa Harris thanks for the advice.  Yes...I'm definitely trying to take my time and chill out, but it is so much fun to do!  I love really - what I consider - playing - with real estate and thinking about everything I could do with it.  I don't really plan on selling all of the houses and starting over and thanks to the appreciation that has happened in Zachary, I don't really need to.  I just wish they were making more money for us.  I know we are going to be looking for another property soon, but I want to continue to learn and invest the way I should versus the way that I have in the past.  Thanks again for the advice!

@Account Closed, I really tried to follow this, but am struggling with the partnership deal that you have with the Average Cash Flow forum.  There seem to be a lot of numbers that I need to learn and I am VERY confused by all of them now.  Where should I go to get information on how to work the numbers?  Do you recommend a book?

Thanks Mike!  This may help!  It brings up another situation...do I just sell them all and start again - and where?  Zachary, LA, which is where I live has grown and grown.  I think it is getting too big for the small town it is and the amount of new builds is growing by the day.  BUT if I start again and I don't want to stay in Zachary, where do I go?  I see you are from AZ - so many areas!  How do I even work on this?

I need some help. I have had 4 properties - I bought my first one in 2006. I never thought about them much and definitely didn't put much time in real estate, but now I am realizing that this could be a great future and these 4 houses could make a huge difference in what I do in the future. BUT!!!! I have tried to calculate the numbers on the houses that I have... the two that I have done, are bringing in about $150 in take home and about 5.5% ROI. I am kind of wondering what I should do with the homes I have (with my husband) and what I need to do going forward. Any help would be very helpful!

-Katie

Is anyone still looking at Oxford? We live out of town, but LOVE Oxford and would love to partner up with someone to look into buying there. What is the market now? I feel like every time we go, you would get more and more ROI. Thoughts?

Happy Monday everyone!  I am new to both Biggerpovkets and to the industry. I actually have 4 SF units but never knew I could do this for so much more than a $1,000 a month. I just kept doing a repeat. I started bridges but never built them up to get to the island ahead. Now I want to get those bridges made but I need a starting point. Where should I start?