All Forum Posts by: Matt Hazlett

@Craig Fitzsimmons

I’ve always heard it’s their problem. If a storm comes and puts a branch through their roof it’s still their problem, unless the tree is unhealthy or dead, than you’re liable since you didn’t maintain the tree. I’m no lawyer though.

@Gabriel Manson

Go to local REIA meetings to network. I met a guy there who needed cash for flips. We've done 4 deals together this last year. Things were going well until this last week when we had a disagreement about a floor plan and he basically told me my opinion doesn't matter because I'm just the money. That's fine, but partnership will be dissolved after this flip. No more money for him. Don't shoot yourself in the foot like my partner just did. I can't imagine that I will get myself in another situation where I have so much money involved and not be able to express my opinion. Lesson learned.

@Bill Plymouth

I got an email from a wholesaler who was wholesaling the One World Trade Center. Now I just read his emails for entertainment value.

@Caleb Heimsoth this is the way I look at it as well.

@Bob Okenwa I like this point of view. Thanks!

With so much emphasis on BRRRR on the forums, I feel like I'm investing the wrong way. I have a handful of properties that I've acquired the traditional way with 20-30% down. They are nice homes that need just a little updating after purchase. I understand the value of BRRR and how it can super-charge your growth and intend on doing it if the right property comes my way. All my properties cash-flow nicely, I guess I just feel like if I'm not BRRRRing, I'm doing it wrong. Thoughts? Different points of view?

so I’m usually just a buy and hold investor but been thinking about partnering for some flips. If I’m the money guy and the other partner is in charge of everything else like finding the deal, contractors, scheduling and everything else, how is the deal usually structured? We’re talking about splitting profits 50/50?

I’m new to being a landlord and didn’t know how to answer this question from a friend. Thought it would be good education for me to seek an answer here. “Our pipes have been frozen since Christmas Eve. The tub works. But the bathroom sink doesn’t and the toilet doesn’t, we have to use a bucket to flush the water down. Mark went to pay rent today and told the landlord about the pipes and the landlord says because we didn’t Inform him the moment we knew about it that we are liable if there is any major damage like pipes bursting. I didn’t call the landlord because it was the holiday so I assumed he couldn’t/wouldn’t do anything until after he new year.” What do you guys think? Thanks in advance.

thanks for all the info. Personally I don’t think I could ever purchase without seeing in person. I just find myself wanting to see a bunch lately and wondering when I’m going to have time to check all of them out.

Just wondering if you go and look at each property before you make an offer or if you just look at online, run your numbers and then make an offer?