User
Write something
New to the family
Although I'm new to the group, I would love to build relationships with you and others here and make things happen. I’m a hard money lender and excited to see how I can help. Let me know how I can be of service—looking forward to working with you all!
1
0
Archiving
Sorry guys! I am archiving this group for now due to other projects. I hope that you were able to get through the free courses and got something out of them. Until the future.....Love, Julie
2
0
FOOD FOR THOUGHT
"Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful." – Albert Schweitzer
Almost done!
I have to be honest with everyone. Over the past few months, I've been focused on finishing up my guide booklet for the Stock Market roadmap for beginners AND my own real estate endeavors. Here is what happened and things to learn from my endeavors. I had a property under contract in November/December that turned out to have unknown issues. That single property had two houses on it. I thought it would be a goldmine and prepared my rehab budget. When the inspector came, he told me that the previous owner had replaced the electrical panel (therefore my contractors and I thought the electric had been updated). The inspector found that the electrical was still knob and tube! That's bad. What that means is that the whole electrical system has to be replaced. Let me tell you a bit about replacing electrical. When the electrician comes out, if the walls are still covered with drywall, then they have to "fish" all wires through the studs behind the drywall. This usually means that they will cut out small portions of the drywall in multiple places/rooms in order to do this. Those will need to be patched and repainted (will the paint match existing wall color?). This method is long and tedious, and electricians may not tell you, but they hate doing it this way. It takes much more time. So, you as the consumer will pay them more for the extra hours and days. The other method to replace an entire electrical system is to rip out all the drywall from the house. This makes it much easier and quicker for the electrical to be "fished" and replaced with new wiring. For you, this means added costs to have workers demo all the drywall, pay for dumpsters, and clean up because it's very dirty work. Once the electrician is done, you must buy all new drywall (very expensive), have it installed, mudded, sanded, prepped, primed, and painted. These are significant extra costs for materials and labor in addition to the electrician work. Because of this, I backed out of that deal. Property #2. I was very excited about another property that had an addition on the back with its own full bathroom and kitchen. The possibility of renting out both the house and the addition were enticing. I did go under contract for that in the middle of December. The first issue was the foundation. It was original to the house, built in 1933, and was clearly "homemade" with some poor repairs over the years. I got 3 separate quotes to repair the foundation: $55,700, $44,800, and $8,900. Even I was confused as to what was the fair price! I had a structural engineer come out to inspect the foundation. He told me that the crawlspace was completely dry and there was no water/moisture damage under there. Do you know that the two highest estimates included the cost of waterproofing and a moisture pump? You've got to understand that foundation companies want to charge top dollar since everyone knows that foundations cost a lot to repair, right? Well, they were trying to charge me for a fix that wasn't even needed. The structural engineer went over the work stated on my $8,900 quote and said that was fine for what needed to be done.
1
0
Now costs $17
HOT NEWS! I have shut the doors for this to be a free community! If you are here already, you can always access the two available courses (Millionaire Investing Roadmap and The Wholesaling Roadmap) for free. Those are my only two offerings for now, but by the end of the 2nd quarter 2025 I should have at least one or two more available for purchase. Which roadmap are you most interested in?
1
0
Now costs $17
1-17 of 17
Millionaire Investing Roadmaps
skool.com/millionaire-investing-roadmaps-9340
Start on your journey to learn the historically proven and lucrative wealth-building techniques of investing! 💰
Leaderboard (30-day)
Powered by