All Forum Posts by: Brian H.
Brian H. has started 99 posts and replied 495 times.
Post: Looking to TN from Boone, NC
- Carolina
- Posts 519
- Votes 222
Originally posted by @Vernon Miller:
Yes to all questions
Alrighty. Cool.
Any more detail for me? Certain areas really great for flips? Others for rentals? Any contact with agents with investor experience? Wholesalers?
Post: Flipping gurus? Just getting started
- Carolina
- Posts 519
- Votes 222
Originally posted by @Jerryll Noorden:
these "guru's" count on all the failed investors to sell you the idea it is beneficial to get a guru. 40K simply ABSOLUTELY does not justify getting one no matter how quickly to get a deal.
40K is a years salary for a middle class family. Are you friggin kidding me?
ALL the info any of these guru's will sell you is readily available online for free.
I promise you this , none of these guru's will teach you anything new.
I paid 400 dollars for my "package" and that is all you need. I am willing to pay that money for someone to save me the trouble to organize the wealth of info freely available online into an ordered organized package, and they supply my contracts. Sure. That seems ok (not necessary, but you need to valuate how much your time is worth). With that package I can just use my time wisely (actually getting started) and not be forever stuck in analysis Paralysis.
Listen to me! Don't you do it!
What is this $400 package you speak of?
Post: Flipping gurus? Just getting started
- Carolina
- Posts 519
- Votes 222
Originally posted by @Jennyfer Sakiewicz:
@Caleb Heimsoth LOL! Thanks :) Same to you @Jonathan Yip
I had mentioned above J. Scott "Book On Estimating Rehab Costs". Get that.
Post: Low Voltage Wiring and Automation
- Carolina
- Posts 519
- Votes 222
@Surgess Santacruz It really depends on each person/company. Me? I don't deal with the buyers. I have realtors that do that. So I wouldn't be able to do much with that, but there are a lot of people that do deal directly with buyers and maybe they would be interested?
Welcome to BP @Anthony Antonacci!
I am pretty new as well so I look forward to seeing what others have to offer.
One piece I do feel comfortable chiming in on is the listings bit. I assume you mean listing it for rent? I feel like most people just rely on either Craigslist or Zillow mostly, from what I read on here a lot and I believe both are either free or very cheap. I don't know that you can list rentals on the MLS?
Post: How far do you live from your rentals?
- Carolina
- Posts 519
- Votes 222
@Caleb Heimsoth Ditto on Boone.
Post: How far do you live from your rentals?
- Carolina
- Posts 519
- Votes 222
Originally posted by @Caleb Heimsoth:
I live 570 and 750 miles from my rentals. I chose to buy long distance so I can live whereever I want and buy where it makes sense. Where I live is very expensive compared to where I buy rentals
All wooden signs, all underground powerlines. I love Cary. haha Tried to get a job at SASS. I don't live in Cary, but always loved it. But yes, it is expensive. haha
Post: I just purchased a home and found out that it's on demolition
- Carolina
- Posts 519
- Votes 222
Originally posted by @Nancy Zhao:
You need a real estate attorney. NY has disclosure laws and you might be able to file a claim against the seller and/or the title insurance company.
Yeah, this should have come up during due diligence right? From the title company and what not? Or whatever attorney worked on the deal?? (Obviously from the seller as well, but they have proven to be unreliable, clearly.)
Post: I just purchased a home and found out that it's on demolition
- Carolina
- Posts 519
- Votes 222
Yikes. Is that not a material fact that has been omitted? lol
I guess it depends on how it was sold?
Good luck. Come back and let us know what happens? Always nice to fill the knowledge bank with random, unexpected occurrences. Just in case....
Also just hope it works out for you!
Post: Flipping gurus? Just getting started
- Carolina
- Posts 519
- Votes 222
@Jennyfer Sakiewicz I am under contract on my first flip as we speak. It looks like it will net very nicely after all is said and done. I didn't pay a cent to anyone other than books I bought, in regards to educating myself. If you have a PhD, you are no moron. So, read. Also, become very active in regards to reading and participating in the forums and reading on the blog! There is so much information.
I recommend all the BiggerPockets books. Not just because we are here but they really are amazing. J. Scott's "Book On Flipping Houses" and "Book on Estimating Rehab Costs" are my two favorites.
You do not ever need to spend tens of thousands of dollars to learn this stuff. Don't do that! I know I am new but based on how much I educated myself for the year and a half before I decided to go after my first flip... there is no reason to do that. Just read and hangout on BP. Really. It's that simple.
Also, as pointed out above, traveling gurus have no idea what is going on where you are. I have heard some people that have seemed to have pretty great experiences with some gurus that really focus in specific areas, especially in parts of Texas lately. But, again, I just can't justify that cost. You could put that 40k to such better use by investing it in property!!!
Good luck!!