All Forum Posts by: Sam Booth

REally like this play for assets that are inexpensive.. and your paying cash.. risk is minimal to nill and as long as your play is simply rent and keep very long term.. its a genius move.. most folks are so worried that you have little to no competition..  !!!!

Hello everyone, 

Wow, I picked up a lot of good tip just from this one thread.  I am in LA and looking into some upcoming Tax Deed sales.  Part of my DD is to actual drive by the property to see if it is still standing and look at the neighborhood.  All of the properties  seem to still have people living there.  Jay Hinricks, I know you mentioned that it is rare for a dwelling to go all the way through but what happens if it does?  Do the new owners have to start the eviction/ejection process?  And if so, would the new owners have to wait a full year to start?

ilmar

Hi Bruce,

Thank you so much for your informative reply! This is all really helpful! I appreciate it :)

Quote from @Sam Booth:

How would you improve curb appeal? Thinking cut trees down, paint eaves, trim and window frames white. What do you say?

 If removing the bars, get shutters length of rectangular portion of windows that match door, should cover any holes in the brick left from removal.  If leaving bars, maybe those fence-style window boxes with pretty blooming annuals on each one. A grey-toned white trim should pop with existing color door.  Don't remove trees unless they're trash trees like gum balls or diseased.  The extensive root systems will start caving once removed, which will cause issues for a while -- we had one down in a storm and we're still filling in where roots all over the yard continue decomposing, causing depressions in the yard even 5 years later.  Minor landscaping to area inside of walkway and in front of right window, a few low-grow flowering shrubs or just pretty flowering annuals and mulch.  Seed lawn.  Do not paint brick -- low maintenance becomes expensive high-maintenance, no thank you.  Our goal is to improve curb appeal without major expense.  

If you paint the brick you will have to pay for the paint and the labor.

Then when that paint wears out you'll have to pay for it again, and again and again et cetera.

By painting the brick you are adding to the cost of owning the rental that will come out of your profits as maintenance.

If you leave the brick alone that money goes into your pocket instead.

Good Luck.

Improving the attractiveness of deterrence is a great idea. Cutting down trees and painting cornices and window frames white can greatly improve the appearance of the property and attract potential tenants or buyers. Additionally, upgrading the finishes can increase the value of the property and make it more competitive in the market.

According to my vision, 

Yeah, I saw the bars later, get rid of them. The shutters would be for looks only, so no need to have an arched top IMO.

Maybe shutters? Paint front door. Not white, something with a kick. Get rid of bushes in front, replace with lower flowering plants.