All Forum Posts by: Scott Mac

 We -------

My prayers to you my Brother, and to her....

Here's something to take your mind off of it for a while

https://www.tonylama.com/en/men/

https://www.youtube.com/watch?v=ArT-tyFpxWY

Best Wishs!

I wonder if they will tear down the stadium and return that plot to nature or allow it to be rebuilt upon.

Waterfront might be a nice place for a major casino or something fun like that.

And wouldn't it be extra fun if it were served by ocean liner type ships like the love boat that would come from all over the Great Lakes.

So for instance you could get on in Chicago, go up around to Michigan and come down to the casino in Ohio.

I'm just thinking outside the box about the availability of the real estate and what to do with that, not that I am looking to champion such a thing- just putting It out for discussion.

I'm guessing a stadium has tons of electric and tons of plumbing buried under it.

Just my 2 cents.

You might want to start talking to a couple of local banks, credit unions, or savings and loan type businesses.

There may be other options also, but you can get a feel for the water so to speak from some locals.

Plus you can ask about your own personal financial requirements If you were to borrow the money from them.

Such as are they going to require a business plan, personal financial statements, personal guarantees on the loan, approximation of an interest rate, fees associated with this, personal net worth requirements that may required to be maintained for the life of the loan or for a particular number of years of the loan, and any experience requirements to self manage if that's your intention.

As well as a lot of other things.

Also sometimes to make the loan the lender requires certain additional investment work to be done on the property such as a roof replacement or grinding off heaved concrete edges as well as other things that would have to come out of pocket most likely or possibly could be rolled into the loan. It never hurts to ask about that.

Also ask about any personal net worth requirements as well as cash reserves required.

Good Luck!

It seems like it might be not enough money to be safe.

So I would probably put it into an FDIC savings in a big brick and mortar bank, then read (Rich Dad poor Dad), and work on increasing the amount.

I would increase it a lot more than that.

I noticed lately that some of the posts in the forum are contesious.

I'm not here to argue or fight, I'm here to focus on real estate, and focus on making money.

Here is a link that might put a smile on some of your faces.

https://www.youtube.com/watch?v=CjoZKr31IUY

Lets go make some money!

Good Luck!

It might help to know if you are looking for an A, B, C or D, type of neighborhood.

Versus just a low crime area with some crime.

As well as kind of getting an age of the real estate you're looking to occupy.

As such as, a brand new home versus a 1930s home that needs some TLC.

Something like that.

Because how you're asking seems to me to be pretty wide open, and being more specific might help you and your family out better.

Good Luck!

Cash!

Some 409 might scrub that closet door dirt and save you The price of a repaint on that tan closet door.

Look, if you're gonna be in this business saving a couple of Bucks here and there kind of adds up especially since your new renters will probably dirty that place up in about in about four months anyway. 

409 also Works for little kids crayon marks sometimes too.

Good Luck!

If this were my rental, I might think about adding deeper sinks plus a lot of self stick back splash tile, More than normal all the way to the floor and possibly a black faucet kit, (Knowing that the service life on the Black faucet is probably less than 10 years).

A nice big double length ceiling light and cloud type fixtures might be also a nice addition to really brighten up the kitchen when someone is out there making a sandwich before work.

https://www.sunco.com/cdn/shop/files/LED_Flush_Mount_Puff_Light_Fixture_-_47W_67W_-_4200_5150_Lumens_-_3000K_4000K_-_Cloud_Linear_LED_Kitchen_Ceiling_Lighting_Fixtures_for_Laundry_Craft_Room_Kitchen.jpg?v=1725485957

Personally I think those round little lights do not throw off enough light to make a kitchen a proper kitchen for a renter. And something that I like to offer is a well lit kitchen.

Just my 2 Cents.