All Forum Posts by: Scott Mac

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.

 Go and walk you're typical affordable units.

I don't think those units are brimming with potential owners . 

My guess is if any of this gets off the ground it will crash within a year (Receivership).

I cannot see most typical renters being able to organize themselves enough to qualify for financing.

I think throw the baby out with the bathwater window in this preposterous suggestion is going to be financing requires a large down payment, and the irresponsibility on the renters part regarding asset management to comply with the loan.

Just my 2 cents!

Do you think you take some clear nail polish (or something like that) and just fill the scratches in?

I'm guessing at this repair, because I'm no repairman of floors, but maybe you could the repairman about that.

i've never heard of a cat scratching the floor. Dogs yes, cats no.

Maybe it is a very soft poly.

Just my 2 cents.

 Wow, good job Alan!

It looks very nice!

The cost breakout seems very helpful too I think that will help a lot of people.

Do you have a line item cost breakout you could post?

And did you have any time budget overruns, permits taking longer than you expected, or material shortages, contractors not showing up on time- things like that?

But overall it looks like a great looking place and a nice addition to your rental portfolio.

Good Luck!

 And if something pops up later such as unpaid material man, or a couple of subs who received no payment and did not provide lean releases- do you go after the contractors bond money after filing for a court order to do so?

In Texas an unpaid sub can put a lien on a property, sometimes as late as 4 months after the project finishes?