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  1. Sauce

    Let's Build a Spec House!

    EXECUTION 
    How much labor did you have to put in? Did you factor that in as a cost? What areas do you plan to improve on to get your costs down? I am surprised your lot cost is so low. Love the thread and the discussion!
  2. Sauce

    Any real estate investor from Canada?

    @EvanOkanagan is your guy.
  3. Sauce

    2018 Fastlane Summit - Preliminary Probe for Speakers

    MEETUPS 
    As usual, biophase has the shortest proposal but will undoubtedly provide the most value.
  4. Sauce

    Real Estate Affiliate Programm

    Check out adwordsnerds, they may be able to get you set up.
  5. Sauce

    Is it wise to turn my house into a rental property?

    REAL ESTATE 
    I have a condo, the numbers are as follows: Rent: $835 Mortgage $225 HOA: $175 (ouch!) HOA's are a two edged sword. Mine covers everything from the sheetrock out, including plumbing, water heater, HVAC, landscaping, parking lots etc. The downside is, they can give you a special assessment...
  6. Sauce

    Is it wise to turn my house into a rental property?

    REAL ESTATE 
    My philosophy is invest for cashflow first, then if you get appreciation, it is like icing on the cake! Take a look at biggerpockets if you want to get some more education.
  7. Sauce

    Is it wise to turn my house into a rental property?

    REAL ESTATE 
    A lot of folks do this, they call it "house hacking" (do a search on google or biggerpockets). It could be a great thing or a terrible thing. It really depends on what your numbers are and if you have the personality to be a landlord. If you can provide some additional information (I.E...
  8. Sauce

    RE - to sell or to hold?

    REAL ESTATE 
    Don't forget to factor in closing costs on your sale. In my market we average 8.5 percent, which is a big chunk. I tend to agree with you, every market is different, but condos are a special type of real estate and when things crash they crash hard. Add to that the fact that you can get a...
  9. Sauce

    What would YOU like to learn about real estate investing?

    REAL ESTATE 
    What was your messaging? Post card, yellow letter, professional letter? We are only seeing 1-2 percent response rates.
  10. Sauce

    What would YOU like to learn about real estate investing?

    REAL ESTATE 
    Thanks for the answers. The Facebook page is an interesting angle. If you were to come in to a new market, how would you start a fb page for rentals? I love the idea and am going to do it, would like to shortcut the process though. Can you talk about what kind of labor you are getting...
  11. Sauce

    What would YOU like to learn about real estate investing?

    REAL ESTATE 
    Love love love the idea. Can you talk more about how you are managing your properties? I have 10 SFRs and 8 unit apartment complex. It seems like the hardest part is getting them filled with quality tenants. Are you using any software to help manage them (Buildium, Yardi, etc) How do you...
  12. Sauce

    Evaluating a duplex in a college town

    REAL ESTATE 
    They did this at University of NM. Built 2 massive complexes, but no one wants to live there because they have turned in to party central. Partys at all hours and days, cops on site frequently, drugs, rape, all kinds of nasty stuff. You can differentiate by having a safe, clean, quiet complex...
  13. Sauce

    Evaluating a duplex in a college town

    REAL ESTATE 
    Why would you assume insurance would be $3K? Have you got quotes? Seems really high to me.
  14. Sauce

    Can Real Estate Investing Really Lead to the Good Life?

    REAL ESTATE 
    Credibility does matter in real life and especially on the web, get real. As for @JScott, thank you for the value that you have created in my life. I use your spreadsheets and checklists daily in my business. I appreciate your well thought out posts and replies. Please stop wasting your...
  15. Sauce

    Can Real Estate Investing Really Lead to the Good Life?

    REAL ESTATE 
    Simple question, WHAT DO YOU DO? You have no credibility here. If you want to know what @JScott has done, take a look at his website 123flip.com or read one of his great books here. I have personally used his books and systems to make hundreds of thousands of dollars. What value have you...
  16. Sauce

    Apartment Investing

    REAL ESTATE 
    @MTF in the US, there are a lot of other factors that can increase your overall yield. For example, lets say you buy a $1MM apartment complex. You are allowed to depreciate the buildings (not the land) annually which will reduce your tax burden significantly (It could be as much as ~$30K)...
  17. Sauce

    Apartment Investing

    REAL ESTATE 
    Have you included tax benefits and principal pay down in your overall return or is it strictly cash on cash? Real estate can be fastlane if you do it right. If you want to buy one house a year for 20 years, then it's not fastlane. If you start buying apartment complexes then it could be...
  18. Sauce

    Folks, it's 2000 (or 2008) all over again.

    HOT! INVESTING 
    Because???? Do you have any way to substantiate your claim?
  19. Sauce

    Can You Buy Rental Properties with Nothing Down in 2016

    REAL ESTATE 
    Don't be such a tease, share the details!
  20. Sauce

    What is a good Cap Rate?

    REAL ESTATE 
    This is a great post! I wish we could breath some more life in to this part of the forum. @SteveO I know we have talked about this in the past. Can you shed some more light on this? One SteveO rule of thumb was to use $3,000-$3,400 per unit as the operating cost for apartments. Does this...

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