FAR 034

Topic

A Day In the Life of an Active Investor

Emails:

Jeremy from Indianapolis How do you get your painter to do the work for $1.25k per square foot of floor space. I\\u2019ve talked to 2 painters and they want $2 or $2.50 per square foot. 1400 sf house. 2 guys, 2 days. If he pays those guys $20/hour that\\u2019s $320 in labor. $600 for paint. He will have about $160 in Workmans Comp. His only other costs are the wear and tear on his sprayer and other reusable items. If he assesses $100 for those items his costs total $1180. I\\u2019m paying him $1750. He\\u2019s clearing around $600 and he can still do another house for me this week. He\\u2019s not going to get rich from one job, but if I have 8 or 10 houses lined up for him to knock out, he\\u2019s going to enjoy a steady paycheck. I pay extra for high ceilings, really rough walls, garage floors, and anything that needs an oil based primer first. So it\\u2019s not strictly $1.25 per sf. Jeff, Louisville, KY I like your show and appreciate what you have to say. I want to get some training, but I\\u2019m cheap. I am finding a lot of information on the internet for free. Why should I pay for training and oh by the way, do you have an opinion about which free resources are best? Helen, Ocala, FL My husband Bob and I want to buy 3 or 4 rental houses, but we don\\u2019t want to manage them. Therefore we don\\u2019t care where they are really. Can you help us? Patricia, Greensboro, NC I have two rentals I want to sell. They are rented so I guess I\\u2019ll need to sell them to an investor. Would an agent even list these properties? If not, how would I go about selling them? Tim, Las Vegas I think I heard you say something about using a realtor. I\\u2019m a professional investor. I can take calls and sell the property myself. Why would I want to give up 6 or 7 percent of the sales price to an order taker? Nick from Aurora, CO. How do you go about hiring a realtor in a new area? What are some of the things you look for? What do you ask them for and what do you promise them? The crooked realtor from Macon story.'