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  1. S

    Hakrjak Finishes His Most Recent Flip....

    REAL ESTATE 
    Nice work! Have you given any consideration to staining the fence in the rear? Fences are huge focal points for back yards. This one is elevated which seems to make it stand out even more. It's really easy to do with wooden fences and yours looks to be in decent condition. You can scrub...
  2. S

    Do you HGTV?

    REAL ESTATE 
    I enjoy some of the shows on HGTV and also DIY Network. I watch them for ideas on my flips and I find that DIY as a whole has better shows than HGTV for my purposes.
  3. S

    Have we found a bottom yet?

    REAL ESTATE 
    I heard the same thing from my banker recently. She does lots of rehab loans and she said that shes been surprisingly busy as of late! At a minum it may mean more investors are jumping back in. I hope it continues.
  4. S

    Flip This House Star Arrested!

    REAL ESTATE 
    I'de trust flip this house about as much as I'de trust fox news, but thats just my opinion.
  5. S

    Renters' "Bidding War?"

    REAL ESTATE 
    My friend got in a bidding war for an apt in a highly sought after area in DC a few years back. The managers actually told them what the highest bid was so far and they all got a chance to increase. It was lalomost ike an auction until there was the last man standing. I dont know about your...
  6. S

    Would you buy a half duplex?

    REAL ESTATE 
    I prefer the 30 year note myself. If you are using bank loans and mortagages to buy your properties, the lower payment will work in your favor. Also as you begin to own more property you will find that you will not hold them for the full 30 years because you may be exchanging them for larger...
  7. S

    month to month or 1 year lease?

    REAL ESTATE 
    I typically sign new tenants to 1 year contracts that convert to month-month. Ive had good and bad situations with this approach but I feel like keeping it consistent helps me stay organized. At any rate I find that many of them stay on track for the first year but tend to fall off track...
  8. S

    Can Franchises be Fastlane?

    I dont think you can lump franchises as a whole into fast or slow lane. It depends on the franchise, the location and the owner. I have an associate that has been trying to get me to buy a franchise for several years. She opened her first Maggie Moos in a great location and had it paid in a...
  9. S

    Assessments questions

    REAL ESTATE 
    The assessed value is usually a percentage of the average sale price in the area. Its pretty much useless as far as finding the value of a home. Many states only do it every 3years, so more than likely its not up to date anyway.
  10. S

    Negotiating vs. Low-Balling

    HOT! 
    Low-Balling..Im not sure that term applies to negotiation. Isnt negotiating really all about figuring out what is the least amount that the other party will take regardless of what they are saying. The point is to find out what they can live with and live without. If you both are following...
  11. S

    Hi all

    JScott, I've been investing all over but I focus my rehabs on th East side (Patterson Park, McElderry) so far. The West side is showing some momentuM now as well. I have my eyes on a few over there but it has to be a deal where I can rehab it and rent for profit.
  12. S

    Hi all

    Thanks! Yes I know what you mean. I was working with some partners in DC and they did not want to go to Baltimore either. It was a lot cheaper than DC to rehab homes and they were flying off the market a few years back. Since I was familiar with the area, I decided to take the plunge myself...
  13. S

    $3,000 to $1,000,000 in 15 months: HOW TO DO IT

    IDEA 
    Interesting thread. Here's a way to do it even faster. A little humor. 1. Choose a wealthy philanthropist or charitable celebrity and monitor his/her daily activity 2. Notice where he/she gets hair cuts, shops for clothes and groceries, goes to Church, work etc. 3. Narrow the down the...
  14. S

    Opinion of marketing idea

    IDEA MARKETING 
    I think there is something to be said for your idea. It certainly gives your brand an identity. As a investor I'm always using contractors. It might just intrigue me if I noticed your vehicles driving around town. One thing for sure is that the more I notice a contractor vehicle the better...
  15. S

    I created the wrong entity for real estate!

    Awesome thread! I think Diane, Easy Money, Andres and a few other have already answered the question of transferring property so I wont bother agreeing, except to say "I agree". Pie Thief, if you are still listening.. Almost everyone here is suggesting that you use an LLC for your real...
  16. S

    Hi all

    Hi all, I have been an entreprenuer for many years now. I invest in real estate and consult in IT, internet marketing, SEO, web design. I look forward to networking with other members and entrepreneurs. :thankyousign:
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