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All Forum Posts by: Account Closed

Account Closed has started 5 posts and replied 571 times.

Post: Is this all worth it?

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

As i read through these comments i cant help but notice some irony. It has come up that these rentals are going to pay for college. I also read that people are hating their corporate jobs and trying to find a way out through real estate. In our modern culture, unlike it was a hundred years ago, college is mostly a vocational school sold on the middle class that provides the key to the corporate jobs that people hate. Makes one think.

Post: Ballpark cost for full gut rehab

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

$146,678.97.  Of course i might be off a few dollars.  If i could actually see the house and s spec sheet and get bids from subs i might get a few dollars closer

Post: Need a Flippin Exit Strategy

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

There is always a risk in any type of business. I have been building, selling, flipping and buying for 25 years. Thankfully I have never lost on one other than time and hair on my head. I have broken even on some and my profit was a sense of relief. I have sold some literally first day for a big wad of cash and held some for over a year losing all profit to interest and many scattered in between. You can analyze, analyze and analyze and the gods can laugh at you. 

Post: Is this all worth it?

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

Depending upon how far you are into six figures, by the time you calculate taxes, the cost of going to work and the cost of private education for four, you might not clear much. Have you considered homeschooling?

Post: Start as a Part -Time Agent while working a full time job?

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

This part time agent thing is very interesting to me since i am currently steaming because i havent heard from my agent in a week and hasnt returned my texts. Being a full time mommy and skin care consultant along with part time realtor isnt cutting it. I have learned my lesson. Unless you are 24/7 and starving you wont get my business.

Post: Can I require tenants to pay for a home warranty? Should I?

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

Why dont you hire a maintenance person to handle these problems?

Post: Find who purchased a property (b4 deed is posted online)?

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

Better yet, go there in person!

Post: How many agents should I have????

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

you only need one good one. Unfortunately,  in my experience,  the majority are lazy and uneducated. They lack the basic skills required for success in business.

Post: Do commission realtors do anything more than flat fee realtors?

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

Hold on a minute while I get my popcorn.

Post: Need advice about what to price used kitchen sets for resale.....

Account ClosedPosted
  • Johnson City, TN
  • Posts 586
  • Votes 705

$600