All Forum Posts by: Ken Nyczaj

@Kareem Lyons still doing it myself. And it is time consuming. You’ll find some good companies on BP that will do the entire process for you.

Joseph Cornwell congrats man. Goal setting is so important to reach your potential.

@Kevin Means Just run your numbers in the BP Calculators numerous times and have someone else review. Don't cut your expenses short or repairs short. Plan for the worst to protect yourself. 

I'd get lease agreements from both tenants and landlord to compare and make sure they match up. An estoppel certificate will show you what current rents are at.

Last thing you want is to read in the fine print the landlord has given the tenant a place to stay for a huge discount over a long term.

@Jayden Kazantsev One of the hardest things for many people to understand is rehab costs/ working with contractors/ finding good contractors. Maybe try to get a part-time job working on residential construction sites to get an early education on material and labor costs and how a job-site is operated. If you have this figured out, it can set the stage for the future of your success.

@Kareem Lyons I almost went the direct mail route and was helped by a USPS Sales Representative in my county in Maryland. If you talk to your local postmaster they will be able to point you in the right direction for who can help you understand the EDDM procedure. Keep asking for different representatives until you get someone who is experienced- the first person I spoke to really wasn't much help but the second was very knowledgeable.

You can use USPS for postcards, I don't know about letters? USPS will handle all of the stamping and addressing. They use carrier routes that are already set up within their system.

As @Chrissy Parsons explained, this is more of a shotgun approach of marketing. It may cost less per mailing, but your mailing will be reaching many people who most likely aren't in your criteria- New Homeowners, Homeowners with no equity, expensive houses, houses that are too large etc etc.

I didn't go EDDM and chose to instead specifically target houses in my criteria- 3 to 4 bed 1 to 2 bath, under 2200SF, and homeowners with equity. I've come to realize if they don't have equity are you really going to be able to get a below market deal unless you work a short sale or foreclosure? But, then that entails more complications.

@Wayne Brooks Thanks Wayne, I'll continue to look into this and update after I have more quotes and information.

OK, I wanted to repost- on the phone it doesn't do paragraphs to separate the message:

First I want to say, HomePro Chesapeake and the inspector did an excellent job. They came out on a holiday weekend within 48 hours of us calling.

The plan is to fix and flip the house which requires about $70,000 in repairs. Majority of the repairs coming from the roof and crawl space that has water damage. We knew there was water in the scrawl space, but our initial assumption was it was just groundwater since we’ve had a lot of rain in Maryland and the Annapolis area.

What’s actually happening is the water is coming from the front right corner of the house, where the sewer line runs, plus there is a gap in the foundation in that same area that needs to be sealed. Our inspector said most likely it is the gap in the foundation that has allowed water to seep through, but worse case, the sewer line is damaged and needs to be replaced or sealed. The water underneath the crawl space has moved itself around the perimeter of the foundation so we will be installing a perimeter drainage system. The Joyce’s are also wet but not rotting whatsoever. He said they may sag or start to rot after they dry... hard to tell without an experienced framer looking at it.

We are hiring a plumbing inspector to come out this week to run a camera through the sewer line to check for cracks. Also, hiring a knowledgeable framer to come look at the wood to see if it will be ok after it dries.

Anyone have experience or some knowledge they could share when it comes to water in crawlspaces? We’ve estimated $9,000 in costs for this and are hiring ServPro. That price is not including if the sewer line is damaged, with that I don’t know how much it will cost until I get an estimate this coming week. Thank you

First I want to say, HomePro Chesapeake and the inspector did an excellent job. They came out on a holiday weekend within 48 hours of us calling. The inspector was highly knowledgeable and has already gotten the report back to us- same day! The plan is to fix and flip the house which requires about $70,000 in repairs. Majority of the repairs coming from the roof and crawl space that has water damage. We knew there was water in the scrawl space, but our initial assumption was it was just groundwater since we’ve had a lot of rain in Maryland and the Annapolis area. What’s actually happening is the water is coming from the front right corner of the house, where the sewer line runs, plus there is a gap in the foundation in that same area that needs to be sealed. Our inspector said most likely it is the gap in the foundation that has allowed water to seep through, but worse case, the sewer line is damaged and needs to be replaced or sealed. The water underneath the crawl space has moved itself around the perimeter of the foundation so we will be installing a perimeter drainage system. The Joyce’s are also wet but not rotting whatsoever. He said they may sag or start to rot after they dry... hard to tell without an experienced framer looking at it. We are hiring a plumbing inspector to come out this week to run a camera through the sewer line to check for cracks. Also, hiring a knowledgeable framer to come look at the wood to see if it will be ok after it dries. Anyone have experience or some knowledge they could share when it comes to water in crawlspaces? We’ve estimated $9,000 in costs for this and are hiring ServPro. That price is not including if the sewer line is damaged, with that I don’t know how much it will cost. Thank you

My girlfriend and I use wondercide on our Pets and home. We have a dog and cat that have brought fleas into the house and instead of using harsh chemicals, we spray this on the animals and floor, furniture and carpet. It kills and repels fleas with all natural ingredients, I definitely recommend.

Shirley Frias if you want to learn more about the house hack strategy, refinancing, HELoC- try Brandon Turners Book- the book on no and low money down. He explains these subjects in an easy to understand way.