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  1. reipro

    The Flipping Houses Jackpot

    REAL ESTATE 
    There are several things that we look for in a flip. 1) Location, Location, Location or really cheap, really cheap or really cheap. 2) Cosmetic fixes not structural. This includes cabinets, counter tops, vanity in bathroom ect. and NEW APPLIANCES FOR THE KITCHEN. Not moving walls or fixing...
  2. reipro

    Berkshire Annual Meeting anyone?

    OFF-TOPIC 
    Stacy is a stock holder, but did not have time to go this year. She was smart enough to buy it on one of its low days and actually has a gain in the stock.
  3. reipro

    If Today was Your Last Day

    REAL ESTATE 
    Hey all, The title is a little misleading, but with all of the bad news. I thought I would post something positive! Most of you saw my post about music and eminem and the power of music. Nickelback has a new song out and it is called "If today was your last day" I have cut and pasted the...
  4. reipro

    Rehabbing a Dumpy Apt Building

    REAL ESTATE 
    Josh, Just a couple of suggestions. 1) I have no idea what the rent and expenses are and what the cash flow looks like. If it is 95% full do not fix what is not broken. Again I have no idea what the cash flow looks like vs purchase price. 2) You never want to be the first guy to invest...
  5. reipro

    Free Real Estate Conference Call!

    REAL ESTATE 
    Hey All, Just wanted to give you all a little info. We had 23 people on the call :hurray:. Just so you know the recording is still available for about 2 more weeks. So if you have not listened or want to review it is still out there. The info is in this Thread of how to get the...
  6. reipro

    New construction financing...

    REAL ESTATE 
    We have a builder here in town that I am good friends with who has done this a lot. He has over 350 rentals that he has built himself over the last 15 years and has none of his own money in them. He has actually started paying some of them off this year. He put a lot of sweat equity into the...
  7. reipro

    Motivation for tenants to pay rent?

    REAL ESTATE 
    Is section 8 paying all of there rent? We do this at the begining of the lease. It is part of their deposit to get it started.
  8. reipro

    Investing in RE notes

    REAL ESTATE 
    how are you finding the opportunities? We buy notes 2 ways. 1) we have relationships with banks that send us lists. We buy only non-performing notes as we can get them at the biggest discount. 2) we follow notice of defaults and buy loans that way also. are you originating the note...
  9. reipro

    Investing in RE notes

    REAL ESTATE 
    Yes we have been purchasing notes for years. What do you want to know
  10. reipro

    Motivation for tenants to pay rent?

    REAL ESTATE 
    There is an easy solution for this. All you need to do is add an escrow for the water bill in your rental agreement. The tenant has to pay it every month with there rent. We have been burned many times on water bills so we are now smarter. Also add that if it has an overage it can be used...
  11. reipro

    Industrial and retail space

    REAL ESTATE 
    We have both retail and industiral properties. They both have there pros and cons. We own a 31,000 sq ft warehouse with 21 bays. It has 15 different tennants. It is stable as we always have 1 or 2 vacant, and has a positive cash flow, but not that much. On the other hand we have a retail...
  12. reipro

    Nigerian Scam! (Right?)

    REAL ESTATE 
    This is funny we just got the same scam. Our guy was a tech guy moving here. Our guy wanted to know if he could send extra money so we could accept delivery of furniture. We actually got the check it had the correct name of the company, address, routing number and account number. I called...
  13. reipro

    San Diego Property Manager Needed

    REAL ESTATE 
    Good and property Manager in the same sentence is not possible! :smx4: LOL! I will look and see I know a lot of people in that area.
  14. reipro

    Poker: How you can get started, succeed, and many myths and facts

    HOT! 
    Re: Poker: How you can get started, succeed, and many myths and f Good luck with your site snowbank. Let me know when it is up and I will take a look
  15. reipro

    Free Real Estate Conference Call!

    REAL ESTATE 
    OK here is the link to the recording: Conference Play Back Playback Number: (218) 339-2599 Access Code: 889342# Playback Feature Keys Rewind 30 seconds Fast forward 30 seconds Pause/resume playback
  16. reipro

    Free Real Estate Conference Call!

    REAL ESTATE 
    LOL Ryan you are correct. I have no idea what SEO is???????????:smx4:
  17. reipro

    Poker: How you can get started, succeed, and many myths and facts

    HOT! 
    Re: Poker: How you can get started, succeed, and many myths and f You can go to PokerVT.com. It is Daniel Negranau's site (not sure if I spelled his name correct). For the money it is the best site I have seen.
  18. reipro

    Free Real Estate Conference Call!

    REAL ESTATE 
    You can post them or just ask them on the call. I am ok with either way. If they require calcualtions then it is nice to see them in advance.
  19. reipro

    Anyone ever owned or run a "halfway" house?

    REAL ESTATE 
    We have done it before in here. We did not have to furnish the unit, they (the company did). The rent was great they paid there payment every month on time and they had there own maintance guy as they ran about 40 units here, but the unit was trashed when we got it back four years later...
  20. reipro

    Free Real Estate Conference Call!

    REAL ESTATE 
    You can call in from a land line or cell phone either one. We will also record the call and I will post the link of how to retrive the recording.
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