All Forum Posts by: Linval T.

Welcome aboard to the BP community. You already have some tools in your toolbox....no pun intended. Now, you simply have to work on the other elements to progress your REI pursuit.

Ok, now that you have taken your initial step, below are some quick links to get engaged.

However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

0 Votes

@Mel Snikta- If this is a good reusable toilet, there is nothing wrong in doing so.

But, if the tenant gets wind of it, then, that might not sit well with them.

Also, you have to look at the pros and cons of doing so too, with the more efficient use of water in the newer models coupled with the fact that the cost is not significant.

Good luck.

1 Vote

@Abe Johnson

Welcome to the vibrant BP community. Your time here will be well spent.

Now that you have made the move, below are some links that will help you navigate the site. However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

eBook

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-

community-book
Blog

Lastly, don't forget the podcasts, webinars, #askbp podcast and the blogs.

0 Votes

@Thomas Usher

- Congrats with securing your first deal.

Now, the real test is to anchor it to your portfolio. However, you mentioned that insufficient funds and low credit score are roadblocks to getting this deal nailed down without investors.

This is a massive bone to chew on with your little/limited experience in handling such a large scale project.

You might want to offload it to other investors for a fee and revisit your steps to get a smaller deal done.

There are several moving parts for you to synchronize and make it happen.

I am not saying it can't be done, but, you have a steep hill ahead.

Good luck, best wishes and please keep us informed about you positive or negative success in closing this deal.

0 Votes

@Mark Ferguson

- Congrats, as you work you way through the teens.

Now, on to #15.

1 Vote

Welcome to the BP community. Ok, now that you have taken your initial step, below are some quick links to get engaged.

However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

0 Votes

@Brett Fitzgerald

Welcome to the BP community. Ok, now that you have taken your initial step, below are some quick links to get engaged.

REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.

http://www.realestate.com/advice/buying-your-first-investment-property/

However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

2 Votes

@Seth Hersom

- Welcome to BP.

I clearly understand your predicament. Yes, you are at 4 way junction and can't agree on which path to take.

My theory is that you have to do what you will enjoy doing. So, you are head over heels about REI and anything else is secondary. If you have the opportunity to add RE to your major, then, do so as this is where you will enjoy hanging your hat in later years.

With regards to saving money, that's a tough call, but, as you know a certain level of discipline has be there to accomplish this task. Others have done it and you can too!

I recall my dad said to me as a teenager that if I earn $1 and can't save 10 cents, then when I earn $10,000 I will not save $1. He was right, you have to cultivate that level of discipline and apply it accordingly.

So, with that said I look forward to hearing further about you and your REI success.

0 Votes

@Matthew B.

I wouldn't install it because of the liability factor. Furthermore, you are in the REI business and not the pool business.

There are lots of other tenants out there, so, if she decides to move on so be it. You may want to talk her into going to a Y, beach or other places that accommodate swimming.

Good luck and don't feel that you are compelled to respond to the tenant's wishes.

1 Vote

@Gavin Parish

Welcome to the vibrant BP community. Your time here will be well spent.

Before your 1st purchase, please ensure you visit the below link for some tips.

http://www.realestate.com/advice/buying-your-first-investment-property/

eBook

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-

community-book
Blog

Lastly, don't forget the podcasts, webinars, #askbp podcast and the blogs.

0 Votes

All Forum Posts by: Linval T.

Linval T. has started 2 posts and replied 1292 times.

Post: New to the bizz

Post: Toilet Repair?

Post: New Sales Agent in Fort Lauderdale here.

Post: 254 Unit Complex as My First Deal, any advice?

Post: Rental Property Number 14 Purchased!

Post: New Investor near Phoenix

Post: Newbie from Grand Haven, MI

Post: Junior in college. How soon can I get started?

Post: Tenant wants a pool and is willing to pay for it.

Post: New Pro Member Introduction