I have done 2 deals with Networth in the last month. Most of the guys over there are pretty good dudes. You have to do your own due diligence but they have given me a few good looks and some good construction guys. All the good deals require construction. Managing that cost is imperative. The more rehab,
the better the deal. Key is getting the right guy to the job and not doing more than necessary....Most people, including myself, do more than necessary. It's tough to hold back.
My first house I rented before I even bought it(no sh*t). 30% cash on cash returns. I would have done better but let rehab go above what I budgeted. I now have a really good dude, that comes cheap that is working on property #2.
I am managing both, though. My second is under construction but I should get more than 30% ( up to 45%).
Real Estate investing/management/rehab is not for everyone. It is work, so those returns aren't hassle free. I have spent the last 2 weekends running from Lowe's to Home Depot to those 2 houses. Both are under construction, but the first one will be finished this week.
That said, don't understand why guys like Piag act like little b*tches on this board. If you don't like that a guy posted something on here, move on. Why do you really cares? The kid is trying to get customers. He didn't lie to anyone. People actually have to call him, sit down with him, visit properties, etc.
Jeff-
Give me a call(PM'ed you). I am under contract on 3 properties in College Station, but will do more single family stuff (like Networth deals), if you have good deals. I have heard your name several times at Networth.