Interesting.I closed early May '06 and we started construction right away. The last guy was out of there by Thansgiving, but really was supposed to be complete by Labour Day.The fire chief really set us back, making me undo work, rip out walls, start over etc.
Great.I pay back $40,000 to every shareholder at the end of the project. Project typically take 18 months and my shares are $25,000 each. Gauranteed ROI of about 60% regardless of success of project.
Joey,
How long have you been in the RE game?
What got you started? Something you have always wanted to do?
Are you into the whole landlord thing (I just got my first 2 rentals)?
I got my licence in ' 96. I was 21 years old. I got my licence exclusively to rent my friends apartments for the school year, the rest just happened. I am a full time landlord, I own a lot of rental units, I consider it my job, to protect and maintain what I have.