All Forum Posts by: Ryan R.

I'm having foam sprayed into a section of a rehab this morning. It's in an attic that was converted into two bedrooms. I don't have a lot of experience with spray-foam; this is my first time to personally use it.

Do any of you use spray foam in your rehabs? Do you find that buyers identify the added value in it? What does it cost you per sq. ft.?

Is this a concrete pad foundation or an elevated pier and beam foundation?

Looks good. Is this your crew or do you hire subs?

Keep updating if you can, would like to see it go up.

Sharing any numbers would also be interesting.

That is all going to depend on your lender and your debt to income ratio.

I bought my first house with a conventional loan for $130,000 when I was 20 years old without any co-signers, assistance etc.

Your problem is no income. Why would a bank lend you money if you have no job and you have other debts?

Just a part-time venture for me right now, although it consumes a lot of my time..

Last year, I only made about $5,000 on real estate. This year I expect to do about 10 times that.

As James mentioned, it is harder for those of us with above-average incomes from our corporate gigs to pursue real estate full-time.

I'm shooting to retire (live comfortably off my real estate investments and still grow my wealth) in my mid forties.

Bottom line is that I enjoy it.

Yep. I think you got it now. Easy to read.

It looks good. Very easy for the eyes to read.

This is great deal for the right investor. If you're not comfortable with the repairs and how to manage them, which ones need to be performed, and how much you should spend on them, then this might not be a good deal for you.

What are the comps like in the area? Do the comps support the repairs/updates that you feel are necessary? What are you basing the rents on?

A structural engineer to look at the foundation? He's going to tell you that the foundation is under-performing and has probably failed in the area that concerns you, then draw up plans to properly repair it. His plans to repair it will be probably be overkill and cost $25,000.

First, you need to find a lender that you like and whom is willing to work with you.

Second, find an attorney who can advise you on growing and protecting your LLC.

Looks like you guys are on a roll.

I think it looks good.

The first thing my eye goes to is the logo on the window. I immediately know that your business is real estate.

I then see we buy houses for cash fast.

Then I can get into more detail with the items on the left if I want to keep reading.

I also like the "property problems". It's get right to the point.

You may swap the tailgate columns and have the we buy houses for cash fast on the left and move the list to the right. This might not look right until you get the bullet points aligned just right, but it would keep the left to right natural eye movement.

Yes. They want to see that you can effectively manage the asset and produce income.

Being such a small note though, I don't see why you shouldn't qualify for both, unless your income is low or you have a lot of other debt.