All Forum Posts by: Rob Hayes
Rob Hayes has started 3 posts and replied 14 times.
Post: Training

- Rental Property Investor
- Union, NJ
- Posts 16
- Votes 6
thanks guys! I will take your advice and continue reading BP forums and REI books and prepare for my entry into REI. 27k wow I'm all for education and consider it an investment when you practice what you learn buts that's REAL steep! Happy Holidays. Thanks again!
Post: Training

- Rental Property Investor
- Union, NJ
- Posts 16
- Votes 6
As I understand and see huge value in the bigger pockets website and I also read books. I really would like to take a online course on REI. Can anyone suggest any classes? I was considering a Rich dad online course! Suggestions? Thanks you
Post: furnace... One or two for Old Detroit home

- Rental Property Investor
- Union, NJ
- Posts 16
- Votes 6
I have been in the HVAC business since 1982 so I am very familiar with your options. What you are saying is done frequently in our area and a nice option to be able to zone (multiple thermostats) which helps comfort when done correctly but like the previous post said a 1300 sq ft home is rather small for a multiple system home. The question I have is, was ALL supply and return water lines removed or just the base board, meaning the stubs in each room are available to install new baseboard? If so I would say that would be your least expensive option. The benefit of switching to a hot air ducted system is to be able to add central AC which will add value to the home and may help sell the home. If you are renovating anyway this can be done with one system located in the basement and opening up Sheetrock walls to add proper ducting. You can then add a electronic zoning system if separate thermostats are wanted for the first and second floor. This option will add several thousand dollars to the project and not really needed if your flipping, if you where going to live in yourself then I would highly suggest it. Sight unseen these are my suggestions. I would get several estimates for re installing the baseboard and boiler and I would get several estimates for adding hot air/ central ac in both single and multiple (2) systems. As in most cases be careful that the contractors are reputable and GUARANTEE work to new homeowner! Nothing worse then selling a house and getting a call the first 20 degree or 90 degree day that the system will not maintain temperature and the contractor is not answering his phone :) good luck
Post: Advise needed on family owned lot on a Lagoon

- Rental Property Investor
- Union, NJ
- Posts 16
- Votes 6
as a new REI with no current investments I have a potential opportunity. My mother owns a vacant lot on a nice Lagoon on the NJ shore area. The lot has never been build on and will be in all likely hood willed to me in the future. I would like to capitalize of this land and also help my mother with cash flow at the same time. Any suggestions on the best way to take advantage of this property without selling it? Build a house and Rent, build and sell? The property is paid 100%. any ideas? Thanks