All Forum Posts by: Larkin Adey

@Kristi Wolfe

Veterans "rough" estimate numbers based on the following items: experience, knowing a market, understanding average costs to rehab specific types of properties & the time factor of money - holding costs (quiet costs) etc.

Unfortunately experience takes time, work and some ups and downs. If it was possible to go from step 1 to step 100 without the learning curve this would be an easy business.

- it isn't. Roll up your sleeves and dive in.

@Shiloh Lundahl

20K in the rust belt might be a thing, but in MSA markets or the coast, it won't get you far.

Agreed that there are a lot of people running interference in the market at the moment who can't close a deal, but with the next market hiccup they will go away.

@Todd Powell

Wonderful post, thank you for sharing. Very inspiring, thourough and detailed. You sound exhausted. Taking time away from something isn't a bad thing, and as you said the well seems dry. This market is frothy and you are sitting in an advantageous position at the moment.

Maybe take a 6 month break. Shut the computer off and focus on family and health. There is no point to all of this if you tip over at 56 from a heart attack.

There is no finish line. Time is your biggest adversary now. Spend it with those you love.

@Travis Wells thank you for this thread. This is an important issue and sharing this may have saved some serious headaches for other investors. Hope you are able to work through it.

@Jeff Adams listen to @Anthony Dooley.

Find an investor looking to offload properties.

- a word of caution though -

Don't buy a deal because of seller financing. Buy a deal because the numbers work, you have diminished risk and the property is a wise investment.

@J Scott

With unlimited funds I wouldn't take risk.

I would retire.

Agreed. Not a great question.

@Natalie Kolodij

The VA I'm interviewing today spent 25 years as a CPA, it's the RE side that will be difficult with him.

Can you tell me more about the VA firm you refer clients to?

Thank you @Paul Martin, I've been focusing on offshore VAs for cost reasons, but finding that many have little experience. 

Well said Wally klosner

I would find another Realtor. Maybe one who has experience with small MF properties and can help you problem solve to accomplish your goals. Not change them.

55+ Condo community sounds like you would be cutting your teeth with pudding. Go get a duplex or triplex that needs to paint and some TLC and get after it. You can probably find an investor friendly realtor in your area on this site. Good luck!