All Forum Posts by: Sean Steele
Sean Steele has started 4 posts and replied 12 times.
Quote from @Maria Diaz:
Hello!
I’m trying to learn the ropes as I go. I haven’t purchased my first investment property yet and honestly, I’m determined to gain knowledge through self education and I have no rehab experience nor have ever worked with a contractor. It feels very overwhelming but you have to start somewhere. I would also love to be able to shadow or speak with a contractor to know and gain knowledge from them. Alas, I don’t feel like I have a lot to bring to the table so to speak so not sure that idea could even be entertained.
I’ve been looking into the meetups forums and wonder if this is the right avenue I should pursue? I know I don’t know everything. When reading the posts on this forum and listening to podcasts, etc, I always hear or see an acronym or a term that I’ve never heard of which gets discouraging. I know things take time and experience but does it get easier?
I’ve messed with the calculators on this site picking random properties that interest me (particularly in multi family homes) but I know from this site that you need a good team.
I’m also quite introverted and know that this will need to be something I “get over” in order to succeed in this new venture.
I’ve looked at the book selection and wanted to ask the community if there are any other books you recommend?
Sorry for the long post but trying to ask the burning questions to this wonderful group of experts.
Thank you!
First off, congratulations on taking the first steps towards your journey in real estate investment! It's perfectly normal to feel overwhelmed at the beginning, but remember, every expert was once a beginner.
Shadowing a contractor is a great idea. While you might feel like you don't have much to offer yet, don't underestimate the value of your eagerness to learn and your fresh perspective. Contractors may appreciate someone who is genuinely interested in understanding their work. You could offer to assist in minor tasks or administrative work in exchange for learning opportunities. (One of the easiest thing to do to start learning is having contractors bid projects. Each of them will tell you a story of what they are thinking, and if they all are saying the same thing - then more often then not they are telling you correctly how something should be done. Another added benefit is you can start to see prices of fixing something or bringin it up to market standard. The key to that is make sure you are getting it as per/square foot charges. That way you know how much you are paying per square foot and compare it to other contractors.
Meetups and forums are excellent avenues to explore. They provide a platform to connect with experienced investors and professionals who were once in your shoes. Networking is key in real estate, and these meetups can be a great place to start building your team and learning the lingo.
The calculators on the site are a good way to get a feel for the numbers. When it comes to building a team, remember that it’s a gradual process. Start with connecting with a few key people like a real estate agent who's experienced in investment properties, a reliable contractor, and a mortgage broker or financial advisor.
As for being introverted, many successful real estate investors are introverts. It's more about learning how to manage your energy and finding strategies that work for you in networking and negotiation situations. There are also plenty of real estate investment strategies that require minimal interaction, like buy-and-hold.
Feel free to reach out if you have more questions or need guidance. Happy investing!
Quote from @Rene G.:
I'm assuming they are connecting the full bathroom with the half bathroom so the other bedrooms upstairs can have access to a shower. Honestly, that's too weird for me. I would not be happy with that. I would try hard to figure out a way to downsize the master bathroom and upsize the half-bathroom so there will be two showers. You can figure something out. The first thing that comes to mind is to eliminate the tub in the master bathroom and try to have two small standup showers (one for the master bathroom and one for the half bath). You might have to knock out some walls and maybe relocate the toilets. Hopefully, the layout will be in your favor. Good luck!
I think you are right, going to talk to the GC and brainstorm options.
Quote from @Travis Lebsack:
Desert landscape. Cut down on the maintenance and the watering. Plant a few Chinese Elms, or Chinese Pistach trees. They are drought and disease resistant and provide great shade. They work really well in southern AZ. Maybe some nice synthetic grass, the stuff that looks like the real thing. Good luck!
Love the specific trees, thank you! Without a doubt will take a look at those.
Quote from @Andrew McGuire:
I love it, casita and nice easy maintenance landscape for sure.
Can I build a Casita or I need permits from the city?
I believe anything that over 100sq feet, with electricity is going to require permits. Any tips on that or just a learn as I go process.
Much appreciated!
I recently closed on a house and I have this weird 1.5 bathroom upstairs. The bathroom connects to the master and the hallway.
My question is any idea on how to make this look most presentable/functional. My goal here is to BRRR this property and then live in it. Should I close off the door to the master and just make it a upstairs bathroom?
So weird to me its done like this...
(That is not a mirror on the left, that is the door to the master)
Zillow link: https://www.zillow.com/homes/1...
I just closed on a house that has a giant backyard. The lot is 6000 square feet and the backyard is just rocks and a little bit of concrete.
My goal here is to BRRR this property, and then house hack it for a year. My question is what can I do to my backyard that will bring the most bang for my buck for the BRRR?
I am going to fix the fence (I am really hoping the city will do something but who knows, its the fence that faces the public sidewalk)
Zillow link: https://www.zillow.com/homes/1...
Post: MESA AZ - CALLING ALL GENERAL CONTRACTORS
- Posts 12
- Votes 5
Much appreciated, still getting used to the website and all its tools! thank you!
Post: MESA AZ - CALLING ALL GENERAL CONTRACTORS
- Posts 12
- Votes 5
Hello,
I just got a home under contract and am looking for a general contract with previous experience.
I am looking to do a light-medium rehab, this includes: New laminte flooring, kitchen cabinets, upgrade to tile bathrooms, new can ceiling lights and fans, new paint on interior and possibly exterior. new countertops.
If this sounds like something you can do, or you know someone that can, please message me.
Thank you!
Hello,
I just got a home under contract and am looking for a general contract with previous experience.
I am looking to do a light-medium rehab, this includes: New laminte flooring, kitchen cabinets, upgrade to tile bathrooms, new can ceiling lights and fans, new paint on interior and possibly exterior. new countertops.
If this sounds like something you can do, or you know someone that can, please message me.
Thank you!