All Forum Posts by: Tarl Yarber

Great questions Ruth!  The project is near completed, we had to do some extra work on the house (re build the entire stairs to the basement for example), plus I had to sit on the house for about 3 weeks before starting the project in order to free up a contractor.  But yes, we did buy the house with cash, no holding costs associated with the money.  I have raised money over the years that allows us to buy cash with very little costs associated with it.

Woohoo! Congratulations to you. Learn a lot and pay attention to your costs. Great job!

Great event!  Thanks @Troy Fisher for hosting another great event last night.  It was good to meet all the new faces and people I have connected with here on BP in person.  Keep up the fantastic work!

Demo!  Great find and thanks for sharing. 

@Reda Eldehiry

Great job getting your first offer accepted!  I am a very active investor in Pierce county, private message me and I will see if I can get you connected or help out in some way.

 Brandon, great job! I love your last statement.  Self evaluation and retrospect, if done properly, is what help us become better and more successful over time.  Keep it up!  And start posting more stories!

@Wayne Brooks I completely agree with your statements, eventually for the contractor it becomes a huge time waster.  These bids can take a lot of time especially if they are line item bids.  I would never expect any contractor to run out and bid 10 houses for me that I don't own just to see if I should but them or not, unless I worked out some arrangement prior to doing so.

@Matt Bell Legally you have no obligation to pay this bill unless you signed something stating you would pay him for his time.  When we have invested remotely before, we have paid contractors for their bids, but this has been thoroughly discussed prior to them doing any work.  Typically I will also get 5 or 6 contractors lined up, so that I don't overload just one of them.  This way i can help find a contractor i like to work with better by sending them out for bids, and then i can distribute the time to just "look" at a property for me and give me a verbal.  If the verbal is within the ball park, id then ask for a line item.  If I found one contractor i trusted more than the rest, i would then offer to them a flat fee for driving houses for me to check them out, $50 or something and then a bump if they make a bid for me too, if i award them the work then they credit me back in the bid the amount of doing the bid or driving the house.

I hope this makes sense.  Good luck!

 We ordered them from Lowe's. You can probably get at home depot too

 Hey Steve! Great question. Its Vinyl siding and we painted it. Before anyone freaks, you must us Vinyl safe paint Always on vinyl siding. Sherwin williams has a great vinyl safe brand. If you do not use vinyl safe paint and put a darker color on it, when the sun heats the paint up, it will shrink the paint and then permanently warp all of your siding thus destroying it....very bad. As for pressure washing, only time id recommend only doing that is if the house has new looking paint. I always paint though because the curb appeal of a fresh new paint job with a color that compliments the interior goes miles when reselling the house.

 Its Vinyl. Ill have to get the brand and type for you and follow up later. That was the first time we used that kind and i cant remember what its called.