Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Robert Shreffler

Robert Shreffler has started 1 posts and replied 9 times.

Troy, what did you do?  I too lost over $40K on my flip at 6554 E dallas in Mesa.  Zillow shows you sold in March and "they" relisted in May for $80K more.  No weeds are shown and many more photos are now available.  

My contractor wanted to go cheap on the paint, we argued a lot.  So, it was all white inside and all one sheen, eggshell.  (if looking at photos, they were modified to look 2 tone) I guess after reading what folks said about your white/ grey, it is ok to go one color but at least change sheen on ceiling vs. walls.  But if you are going to change sheen, might as well change color too? Sorry, getting off subject. 

Post: what? no posts?

Robert ShrefflerPosted
  • Posts 9
  • Votes 2

I just came to see market trends, nothing comes up if I pick Phoenix or Mesa. That's crazy. There is a local REIA here that gets the Cromford report, so there must be free data here that's similar.

Quote from @Jason Reinhardt:

...We have a $200,000 down payment budget. Any suggestions for better markets? 


 I am in the same pos'n.  When I learned of FIG, a fourplex investment, they had way too manny expenses siphoning away the profits that it was paying out 5-6% cash/cash.  So I passed, not near enough leverage.  Now 2 years later I don't know.  In phoenix, the used fourplexes are going for near $300 / sqr ft.  Yikes!  I missed the 40% appreciation from the fed's insane $9000 billion dollar money printing inflation ********. 

Has the options like camp grounds or storage penned out any better?  

Back to what you mentioned, your book!  I went into it like a reference book, not starting at chapter 1.  I'm eager to make money with a ETHICAL sponsor & hoping this book points out what to look for like the questions to ask in Chap 3.

How to handle confusion where something seems opposite to what I already have learned though? Case in point, in Chap 12:211, it says the CAP is highest for stable property! What? It's supposed to be lowest for those.

I'm only bringing this up Brian because as I read I make notes too.  But there's a lot yet to read and absorb of your experiences.  Thanks for the affordable book!

Originally posted by @Phil Hallman:

So the "Seller"  had a bank account to get the wire in proceeds, Banks have "know your customer" rules...Did straw "seller"  set up a false bank account as well?

I wish to hear too.  Really, some bonehead can say he is a seller, and get money wired to him yet not even the title insurer has the big guns to go trace the bastard down?  No way!  It's that easy to forge and steal and get away?   My jaw is dropped...

Originally posted by @David M.:

@Juan Pardo

... if the deal falls apart after inspection, why bother having paid for the Title search.  ...When you deal with National banks (e.g. Chase, Wells Fargo, ...) they order the appraisal immediately.  I've had a few unhappy clients who wonder why they paid $500 for an appraisal when they killed the deal during inspections...

I know this was kinda long.  Make any sense? 

Hell yes.  I'd be really pissed to learn firsthand and not have paid "the mafia" for protection.  This has been duly noted in my things to know notebook!   Get a title policy upfront.  Then pay for the above quoted services only after inspection is acceptable.  

Originally posted by @Jaron Walling:

@Sasha Tetera Unless you have a lot properties, assets, or things of value purchasing in an LLC is a waste of time. It's just another layer of protection against getting sued. Having proper insurance...

Ditto that. I'm new and yet to buy the first BRRR but from what I learned already, you don't need the LLC protection until you reach net worth of $1MM Just don't skip that one crucial step. Buy the umbrella coverage. It's one of the 7 mistakes newbies make, a post I just read, but don't know yet how to refer you to it here.

And in my case, I cannot see the magnifying glass icon nor bell icon in UR corner. So it's apparently not showing a search icon if your browser or something is screwy! I'll relay what support team says as they respond.
um, this may sound dumb. but looking at top menu, there is no vendor reviews. so how will we know how to get there without the link in Mindy's 3 day old post?