All Forum Posts by: Travis Turner

@Mary M.

Ask PGE for the actual chart.

It will show you daily use and see of there are any spikes at certain times.

If not call someone with a data logger to track the load draw.

I'm on the ocean an hour and a half West of you lol (I grew up in Keizer)

Talk about expensive market. 

I'm also looking Midwest and East to invest.

@Joe Villeneuve

This sounds great but how do you choose someone trustworthy of a long term financial relationship out of the blue?

@Luke Davis

Different scenario as I'm an electrical contractor but as I expanded my business to get an office specialist I was going to use Google Voice but instead decided on getting another cell phone with a local number for my business.

Started my business with my personal cell and needed to break away from it as business got overwhelming.

With AT&T I can forward all calls to it very easy from my personal phone but texts still come to my phone.

At the end of the day I can stop the forwarding with the click of a button and people can call me.

You could do this in reverse to avoid carrying 2 phones all the time.

Sounds like a nightmare.

what length of using their PM are you locked into when purchasing turnkey?

@John Teachout

Exactly why I'm researching investing in your neck of the woods currently.

@John Teachout

It is very area and cost of living specific.

I'm am electrical contractor and I haven't done a K&T rewire for less than $11k.

I can see the appreciation advantage however from a Cash on Cash basis it doesn't make sense.

$105k + say $9k in repairs so in for $159k to make $850 per month

vs

$40k to make $400 - $600 per month.

I wouldn't count on Zillow being accurate.  I'd check realtor websites or past sales history for comps on sales prices in the last 6 months to get an accurate number.

Planning on using a cash out refi then purchase another place when rehab is done?

In my opinion if you properly save for future repairs they are a waste of money.

My only experience is on the opposite side of most here as I'm an electrical contractor as well as looking to invest in my next property.

The company I did work for did everything in their power to try amd screw their clients out of the repairs.  They would constantly ask me about the cause of every problem I called about to get them to approve the repair needed.

It got so bad I actually told them I no longer wanted to do business with them.

I'm not a negative Nancy however I haven't heard much good about any home warranty companies.

How much thought do other investors put into how many beds and baths SFR's have they decide to purchase.

Does it not matter if the numbers work and its in a good area?

Say a 2/1 is $60k and rents for $600

3/1 is $80k and rents for $800

3/2 is $100k and rents for $1k.

Completely made up numbers but from a long term buy and hold standpoint would it be better to get a 3/2 to appeal to families that may stay in a rental longer?

Is that not logical that potentially a single person or married couple without kids may stay in a 2/1 the same amount of time.

Im trying to weigh the benefits of spending more $ up front for a better long term ROI.