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(EXECUTION): How [NOT] to flip a house
NOTABLE!So it’s been awhile since my last post, I have a new lesson. It’s called how to split your trailer in half using your electrical panel. Around a month ago on a very cold Canadian day I needed to replace a few outlets. The electrical system is confusing so I cut the electrical breaker to the...- JDE
- Post #12
- Forum: Process and Execution
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(EXECUTION): How [NOT] to flip a house
NOTABLE!Wish I hadn't removed the tub now so I could be doing this every day to cap off a hard days work. I appreciate the advice @Creep I'll keep this in mind for the next one! Jeeze thanks for the story, I can tell you all about mouse droppings from this one but no chickens to contend with... yet...- JDE
- Post #11
- Forum: Process and Execution
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(EXECUTION): How [NOT] to flip a house
NOTABLE!I was hesitant about the place until I saw the bathtub, was fully sold after seeing/smelling it. Work of art. Good question – I did hire a home inspector, however there were many things that were not picked up with the inspection. For example, while the inspector confirmed all the electrical...- JDE
- Post #10
- Forum: Process and Execution
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(EXECUTION): How [NOT] to flip a house
NOTABLE!For this project I had three areas where I planned to add value. 1. Finding a Good Deal - the easiest $10,000 I ever made was last year, when I purchased a foreclosure property for approximately $10,000 lower than it's market value, due to very poor appearance, despite good condition (REAL...- JDE
- Post #4
- Forum: Process and Execution
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(EXECUTION): How [NOT] to flip a house
NOTABLE!Haha thanks man I appreciate it! Step 1 be in a rush Step 2 turn ancient bathroom door handle aggressively Step 3 feel the internal mechanism of the handle crunch and pop as it breaks beneath your hand, locking itself in the closed position Step 4 profanity Step 5 attempt to remove pins from...- JDE
- Post #3
- Forum: Process and Execution
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(EXECUTION): How [NOT] to flip a house
NOTABLE!Hey everyone, so I’m most of the way through my first house / mobile home flip and thought I’d share a bit of my experience and make a few posts about the progress I’ve made so far, and I’ll keep posting until the property is sold with details about how it went down. First disclosure is that if...- JDE
- Thread
- Replies: 25
- Forum: Process and Execution
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How do i find friends?
HOT! PEOPLECheck out real social dynamics on youtube - the vids by RSDTyler. He was also mildly autistic and because of the pain and suffering this part of his life caused him it gave him enormous leverage to master his social skills well beyond what most people would. Lots of strong opinions on this type...- JDE
- Post #26
- Forum: Managing People, Relationships
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Just purchased my first Canadian investment property *tips, pics, and ama*
REAL ESTATE@TechnoGamer it may be useful depending on what you are looking to get out of it. I was never a member, although my dad was for a few years so I know a bit about it indirectly. On the one hand you could certainly get by without it, as I was able to make it work without a membership, and there...- JDE
- Post #20
- Forum: Real Estate Investment Forum
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Just purchased my first Canadian investment property *tips, pics, and ama*
REAL ESTATEThanks for the comment @TechnoGamer, it's good to see so many Canadian real estate investors out here. If you're willing to go small town then there's definitely a lower price point to get into commercial real estate, and you're right that the leases can be longer. One challenge that you may...- JDE
- Post #17
- Forum: Real Estate Investment Forum
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Just purchased my first Canadian investment property *tips, pics, and ama*
REAL ESTATEThanks @fishgodeep I appreciate it, definitely hit me with any questions you have and I'll do my best to answer. While I was very close to purchasing a basement suited property I never ended up going through with it and look forward to hearing how it goes, it's one of the only ways to make...- JDE
- Post #15
- Forum: Real Estate Investment Forum
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Just purchased my first Canadian investment property *tips, pics, and ama*
REAL ESTATEThanks I really appreciate it man! Ya the fastlane material is fantastic for more big picture / mindset stuff whereas I have used REIN for more local and specific to Canada real estate information and it's great. This year I'm looking into purchasing a mobile home park in BC so I've been on a...- JDE
- Post #12
- Forum: Real Estate Investment Forum
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Just purchased my first Canadian investment property *tips, pics, and ama*
REAL ESTATEHey thanks for the question, glad you're looking at getting into the real estate game! I can't speak for the details of the economics in the Vancouver area, but like you mentioned there is a great deal of variability in the market there right now, so I would be cautious. Quick changes in house...- JDE
- Post #6
- Forum: Real Estate Investment Forum
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Just purchased my first Canadian investment property *tips, pics, and ama*
REAL ESTATEThanks man I appreciate it! As for purchasing in the US the details and financing tends to be much different than in Canada, so I don't have a great deal of specific advice, but the best resource I could recommend would be biggerpockets.com, which is a phenomenal website with lots of American...- JDE
- Post #4
- Forum: Real Estate Investment Forum
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Just purchased my first Canadian investment property *tips, pics, and ama*
REAL ESTATEA few months ago I purchased a 1/2 duplex in the Edmonton area, and it is now rented and cash-flowing every month. This is my first experience with anything remotely fastlane, and having someone else pay down a mortgage for me every month regardless of whether I am studying, working, or on...- JDE
- Thread
- real estate real estate investment real estate rentals rental real estate
- Replies: 19
- Forum: Real Estate Investment Forum
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Critique my residential real estate checklist
REAL ESTATEHey everyone, This is my first post and I'm excited to have found this forum, I've been lurking for awhile and there is so much value it's insane. I have been reading everything I can about appraising residential properties for maximal potential appreciation with minimal risk of vacancy. From...- JDE
- Thread
- Replies: 1
- Forum: Real Estate Investment Forum
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