All Forum Posts by: Rob Beardsley

Hi Winford, 

You cannot assume that a tenant will take care of the nice hardwood floors, so I would suggest replacing the carpet instead. 

Hi Maxwell,

Although getting a real estate license is relatively easy, it is still quite time consuming to obtain. I would say it is worthwhile to pursue an agent's license if you believe you would use it for something else other than just accessing the MLS.

Hi Alec,

Congratulations on getting started! I do have to agree with Brian, finding a great property management company will definitely make your life easier and your returns higher. As far as finding partners and team members, those can be found through networking on biggerpockets, attending local meet-ups, and making connections with like-minded people wherever you can. Good luck

Good luck to you and your wife and welcome to biggerpockets! 

I would definitely talk to some local brokers and discuss with them what they believe will yield the most value. In my opinion however, I would say creating a master bedroom and bath should be a higher priority than creating 5 bedrooms. The home seems small to be having 5 bedrooms. Good luck!

Hi Charissa,

I always like to air on the side of conservatism, so when I analyze deals, I only pursue them if they seem to be a great deal in the case that if anything goes wrong, it still will likely be a very good deal. This makes me think this particular deal is probably not the best one for you to pursue right now. Right now there are very little distressed assets, making this time in the economic cycle a difficult one to find great deals, and especially with foreclosures. 

Here's my real estate book list:

Crushing it in Apartments - Brian Murray

Loopholes of Real Estate - Garrett Sutton

Investing in Real Estate Private Equity - Sean Cook

Am I Being Too Subtle? - Sam Zell

Advanced Guide to Real Estate - Ken McKelroy

Risk Game - Francis Greeneberger 

Wow, congratulations Anthony! Keep up the good work

Hi Michael. I'm sorry to hear about your situation, I'm sure it is very frustrating! I think it would be best to contact an attorney and see what he/she has to say about the situation. Considering the potential costs you mentioned are so high, I believe it is worth it to contact a professional. 

Hi Arif, depending on the cost to fix these "issues", it may be worth it to do so. If you decide not to replace the heater exchange and outlets and they are up to code, I would make that very clear to potential buyers. However, I think it might be in your best interest to replace the heater exchange and outlets considering it already cost you a buyer. It will make things simpler for you going forward. Good luck!