It is definitely a long-term plan LOL Sent from my iPhone using myREINspace

Maybe I am getting carried away, I was planning to do a lot of things that can likely be deferred. Things like all new furnaces which would add $10000. Hot water tanks, mostly because I want to move them all closer to the furnace anyway and frame out the basement adds another $5000. I haven't...

I appreciate that offer. I will text you to set up a time to talk. Sent from my iPhone using myREINspace

I'm in the process of buying a 4-plex. I take possession on the 30th. It is a 1978 build and could use a substantial amount of work. Windows are horrible, 2X4 build so needs a wrap, aside from fresh coats of white paint there has been little to no upgrades and the ones that were done scream...

And financing is secured! Thanks to the bank of my rich aunt [emoji12]

My quick answer is, my investment is much different than yours! There is no doubt this is a low end rental and I will have to learn the landlord tenant act better than ever and manage it impeccably! However all my friends that have rentals are able to find tenants, and simple stuff like new car...

Thanks!! I think I have a plan that should work

Got the deal!!! $90k below list price. 24 hours later they want to back out due to the fact that they have someone who wants to view it.....not make an offer, just view it......so now I have to make sure and get financing on time!

Well I should find out today what the owners decision is. I've teamed up with a local builder and we agree that the place does need a TON of money spent on renovations if it will compete with the newer properties in town......but I still have the option to keep it cheap and old and be a slumlord...

Ok so this might get flagged by admin and that's ok but I've had some beer and I think it is time to spice up the general discussion forum! I've been separated 9 months, my wife refused to attend a REIN event, she was too busy throwing magic energy balls and becoming a psychic. We grew apart, it...

Awesome glad to hear! I was an online member when I had 3 properties and I found the insurance savings paid my membership dues easily.....so that made joining REIN a no brainer if it wasn't already.

How did you make out with the quote? Cheaper or more expensive? Better coverage? Thanks in advance

Invest in my business. Seeking $80k investment with some possibilities of a return

Lol it is a meth house and nobody pays the rent!!! Deleting this thread now [emoji12][emoji106][emoji41]

Thanks Courtney! I got a little excited and posted a bit early. Obviously there is a lot of due diligence that needs to happen before I pull the trigger, but so far I like what I see. Can't wait to view it.