All Forum Posts by: Rodney Robinson

@Ryan Deasy thanks for sharing your experience. I appreciate the tips on working with contractors based on your experience. Hopefully you save many others the headaches you experienced. Great work and foresight on your execution. It is a nice property that should cash flow well.

Thanks for sharing. I am also interested in learning the rent that you are charging and the cash flow it produced.

Thanks for sharing. In retrospect, what could you have saved or cut out in order to lessen the rehab costs to be able to pull out more in line of your initial investment?

Congrats @Robert Shedden. Good job on jumping in. It is not a deal for everyone but great that you have an exit strategy. There is certainly a risk associated with the reward, and it sounds like you thought this through with your plans to refinance. It is also good that right off the bat you are positively cash flowing. Wishing you the best. Please keep us updated on the outcome.

@Abraham Anderson thanks for sharing. What an inspirational story. Way to go big. Good planing and execution.

When is the next meetup? I would love to get connected with some investors in the Brevard County area.

@Eliza Oommen Has the tenant been contacted and have these concerns been addressed directly with that person? If not, that should be the first step. Also, how is property management proposing to handle it? Just trying to get a gauge as to the quality of your PM service.

@Ashley Kehr

Great topic. I am a beginning investor with 4 children under 5 (including two 6-month old twins). I aspire to do the same. Our first SFR closes in 3 days and my wife and I will involve the children in cleaning, prepping and even showing the house. So far, we have driven to look at properties, talked about our plans to rent out homes to other people and shared the vision for our company. They are very receptive and I consider it a treat for them to have such exposure to these opportunities at a young age. I would like to do the same as you and

@Brandon Turner and acquire a property for their college.

Great discussion!

Rodney

@Hideyuki Gojima thanks for the good advice. I appreciate your sharing the above resources. I want to create solid systems that will help with scale in the future. I plan to slowly snowball the growth over the next few years and would like to work with good processes. I will check out these software solutions. Thanks again.

@Nick Giulioni i agree. Learning from experience is invaluable. Will keep you updated on the progress with this house and the future.

@Nick Giulioni thanks for the kind words. That first step is so important. Especially for me, I needed to get started and not just be a studier. There is no knowledge like experience.