All Forum Posts by: Zac Davis

@Rodney Kuhl

I appreciate the feedback! To me the level of detail for which im being charged for is unacceptable. since this is out of state it could essentially be for nothing at all and i wouldnt even know if anything is even being done.

I have a rental in Indianapolis IN. It was bought through an investment club that my father is a part of. I am his credit partner on this one, but i manage it and all its dealings. the property management company was set up through the relationship they have with the REIC .

My problem is as far as work orders, maintenance, repairs etc... i am not notified unless the amount is over $250. is this common? also the work order invoices can be looked up (very annoyingly) on their "Web Portal" and after i have done all that, the description is "repairs." no other information can be found about the work order. I find this to be incredibly frustrating when the transfer happens and I'm shorted. maybe I'm naive because I'm new to investing but that just seems like something that i can change with a new PM?

Any insight into PM and whats typical, what i should expect/demand from them, would be greatly appreciated. 

@Daria B.

thanks for the response. im thinking of doing that for my family then eventually turning it into a rental. thanks for the info

who are real estate wholesalers selling to? i know they make their money selling houses but are they selling to a homeowner or other investors? 

@Larry Turowski

Thanks for the response. I like the risk analogy. i always think that if i knew what i know now back when i was 20  what it would be like. My wife gets really upset, and says just dont have the same regret when im 35.

 Yeah i completely messed up on my first post, couldn't find a way to delete it and needed 3 characters....I'm new...

@Bill Gulley,

Overall, i understand that experience is what will help the most. the best thing for me to do now I think is to gain as much knowledge as i can and then start on a very small scale. the investments that i have made have basically fallen into my lap, so i have not learned as much as i could if i did it all on my own. i appreciate your response, and look foreword to learning from your posts.

@Deborah McCarthy,

Thanks for the Reply. Yes i need to realize that the deals available aren't going to be obvious and guaranteed. also i love what you said about the journal. I'm going to start that. I see this being very valuable. Thank you for the response!

Jonna Webber, thanks for the response. 

I would love to buy and hold here in Boise. the out of state deal that I have is not ideal. it cash flows, but I feel like I'm giving away a lot of cash to the PM group I hired and they don't give me enough attention. But all that is set up through the REIC. its cool that I own the property, but for future deals I would like them to be a bit more hands on. I have listened to the podcast and read throughout BP, lots of people say to start in the area we know. 

I'm a very financially conservative person, and I alone support my small family. When it comes to this I have a problem with staying convinced, myself that its not irresponsible to take a chance.

thanks again for your response