All Forum Posts by: NA Jones

Will, do you have a Feb court date we can all anxiously await?

I third the recommendation to buy J Scotts book!

http://get.biggerpockets.com/flippingbook/

When it comes to estimating rehab, it's the best $30-$50 you'll ever spend.  Read the book, walk through a property, generate a SOW, use his cost estimates and then add 10% ;)  Stop trying to cut corners - failure to educate yourself is a quick ticket to losing money hand over fist. If it were easy as "hmmm, square footage times some random magic number = my estimating costs!" then everyone would do it successfully.

I think there are plenty of markets where 30k will buy you a good rental. I wouldn't put Baltimore on that list. 

where is this? 80? 75k? Or are you parting ways? In whose court is the ball?

can't answer all your questions but apgfcu has always been very generous with us. 

I will probably be in the minority here but I'm not seeing your vision. I guess I would be factoring quality of life. Are your 3 kids and 2 dogs going to be happy living in an apartment?  What about a duplex? Or what about NOT moving and just investing in a MF?

congrats!!

And you stopped reading my emails! ;) jk

Maybe you could ask someone to switch shifts with you on the first Thursday of the month...?

Can the electric company spread out the deposit?  When we bought our house, the new electric company wanted a hefty deposit despite having great credit and an immaculate payment history with the old electric company.  Instead of forking over all of it, they let me split it over 3 payments...  

I can see both sides of the debate.  At the end of the day, if it works for you and your friend, great.  In every situation, there is a win win.  If you think it's unfair, find someone else.  There are a million agents that would do the same thing for you, without a retainer.  Do you want to work with them or your buddy?

I would definitely add clauses in there to protect your money in the event of you make offers and none are accepted, or if you pay $1500 and feel like he isn't doing his part in trying to find you something.