The Neth Lab

The Neth Lab Keep your profits high w/a few tweeks - Let's Cook! This is our official page to discuss Real Estate, Travel, and finance.

🏚➡️🏡 It took about 8 months, but the house that Michael Shanahan, Shabbir BroKim and Brandon Neth did; that was featured...
10/11/2024

🏚➡️🏡 It took about 8 months, but the house that Michael Shanahan, Shabbir BroKim and Brandon Neth did; that was featured on House Hunters on HGTV finally aired! The house is the third one on the episode!

👇👇👇👇👇👇👇

A buyer relocates from the hustle and bustle of NYC to Tulsa, Oklahoma.

A solid deal for using 1 Chase UR point, on Amazon! Chase deals are less common than Amex or Citi!Some info: Amazon is o...
09/11/2024

A solid deal for using 1 Chase UR point, on Amazon! Chase deals are less common than Amex or Citi!

Some info: Amazon is offering upto 50% off when you use at least one Chase Ultimate Rewards point ($60 max)

Not targeted? Try:
1) Link a Chse UR account / card to your Amazon account.
1a) If you haven’t done this before, you usually need to wait 24 hours after registering your card.
2) Activate the offer: https://amzn.to/3O16Cwt - Our affilate link
3) Select something, then at checkout, you'll select your Chase Rewards Card to pay.
4) Select how many UR points you want to use (must use points for at least $.01 of the purchase). Up to a $60 discount will come off automatically.

Our affilate link: https://amzn.to/3O16Cwt

Happy Travels! ✌️❤️

Online shopping for Chase UR Offer from a great selection at Credit & Payment Cards Store.

Numbers & photos of our most recent, and likely final BRRRR project.This one was a journey to say the least! This was by...
15/10/2024

Numbers & photos of our most recent, and likely final BRRRR project.

This one was a journey to say the least! This was by far the worst property we’ve bought (and that's saying something!) Legit, EVERYTHING needed redone! But, this place needed to be saved and I think it was worth it. Sadly, we don’t have many before pictures - but trust me, it was bad!!

Purchase Price: $250,000 - for both buildings - totaling ~4,200 square feet.
Rehab expense: $263,767, with holding costs, interest & a surprise TPO roof on the second building (Total invested- $513,767)
Route 66 Grant Reimbursement: - $34,806
Total out of pocket: $478,961
Rents: $1,000- Apt A, $985- Apt B, $1,555- 1000 ft commercial, $1,800- 2000 ft commercial (under market - a lease was in place) = $5,340/month - we pay water (~$125/month). This is a partial triple net (NNN) lease for the commercial spaces.
Appraisal - we haven’t done one since we rehabbed, but we expect ~$705,000 ($168 / foot)

This is approximately a 1.1% deal - rehabbed - not too bad!
Approx Equity: $226,000

🤓 Aspiring points geeks - this one's for you. If you’re not into  , this will be a snooze fest - so probably best to mov...
02/07/2024

🤓 Aspiring points geeks - this one's for you. If you’re not into , this will be a snooze fest - so probably best to move on!

~$1,500 out of pocket total for 18 days of travel to Japan 🇯🇵! A little more than our typical trip, but not bad!

Here's how:👇👇👇👇👇
Route: TUL - PDX - SFO - HND - GMP - KIX - PDX - TUL
✈️ Flights from TUL to PDX on SW - covered by Amex annual airfare credits (Amex platinum)
✈️ Flights from PDX to SFO on United - covered by United Travel bank (from Hilton Aspire annual credit)
✈️ Flights from SFO to HND on JAL biz - 75k Alaska points, each and ~$43 each
✈️ Flights from HND to GMP - same itin as the JAL flight, so included in the 75k
✈️ Flights from GMP to KIX - Paid cash on Peach airways - $194 total for both of us w/a bag
✈️ Flights from KIX to PDX in Air Canada biz - 87.5k Aeroplan points each and ~$67 each
✈️ Flights from PDX to TUL on SW - covered by Amex annual airfare credits

Total cash out of pocket: $414 for two people + points (and opportunity cost + CC annual fees) for about $12,500 of flights.

🏨 Hotel in SFO - Covered by Hyatt points 5k/night
🚗 Rental car in SFO - Covered by National free days
🥘 Food in SFO - covered by InKind credits
🏨 Hotel in Tokyo - Hyatt Regency - covered by Hyatt points 12k-15k/night
🏨 Hotel in Seoul - Ibis - covered by Venture X annual travel credit
🏨 Hotels in Kyoto - Hyatt Place - 12k Hyatt points per night
🏨 Hotel in Osaka - Conrad - we used Hilton free night certs

We of course spent money on food, tours, transportation and entertainment. But overall we'll spend less than ~$1,500 for 18 days of travel!

🐕 Most people wouldn’t need to go to PDX, but we have family there and the weiner dog has to be dropped off with her grandparents when we travel! She’s a princess, but worth it!

Picture is from out first trip to Japan, 12 years ago!

19/06/2024

Sometimes, it's nice to know we're not in this alone. Other investors are working hard to make better too.

It's crazy how bad places can get when drugs are involved.

Lowes is running a special - buy a $150 E-Gift card, get a $30 E-Gift.https://www.buyatab.com/custom/lowes/?page=egiftSo...
15/06/2024

Lowes is running a special - buy a $150 E-Gift card, get a $30 E-Gift.

https://www.buyatab.com/custom/lowes/?page=egift

So, $150 for $180 worth of lowes GCs. Nice, easy savings. Stack with a good Credit card to eanr 2-20% back in addition!

H/T GCGalore

Give the gift of home. Lowe's Gift Cards have no fees, never expire and are redeemable both in store and online.

Commercial windows are going in today on our Route 66 property!
14/03/2024

Commercial windows are going in today on our Route 66 property!

This house nearly became our villain origin story.Back in February 2022, Brandon's Doctor misdiagnosed him & had us beli...
28/02/2024

This house nearly became our villain origin story.

Back in February 2022, Brandon's Doctor misdiagnosed him & had us believing his was growing at an unprecedented rate & he'd be gone faster than a toupee in a tornado. Until he left the amazing health care system & got properly diagnosed in (he's going to be fine!), he spent a few months heroically obsessed with finishing rehabbing our last seven houses because he rightfully knew that if he kicked the bucket, Mariel would be fleeing to her Parents' attic & she wouldn't lift a finger to finish any of the construction projects.

Since he was already managing four other full rehabs, he hired a turn-key General Contractor to do this house. It was a small job - the house didn't need to be gutted - we cleaned it ourselves & it only needed flooring, drywall patching, cabinets, & painting (Brandon took care of electric and plumbing). The GC was supposed to handle everything & he expected to be done in three weeks.

IT TOOK SEVEN MONTHS. It was excruciating & made us endlessly thankful for our other crews.

This GC subbed out all of the work to the most incompetent "person" on the planet, who in turn, hired team after team that had never seen a power tool in their lives. Brandon had to babysit every step which is exactly what he was trying to avoid. The didn't supervise anything. We had to pay for double materials for so many projects that they completely botched (our penny tile). They painted the house without scraping/caulking first. They polyurethane-ed the floors without sweeping whatsoever. We had an immense amount of extra materials ordered & stolen too. One of the crews even took off with all of the house's bookshelves & four tables we were keeping. And every antique glass doorknob was taken. I could go on all day - & often do.

Purchase Price & Rehab: $260,900
This came with an extra lot (the best lot in the neighborhood!)
Extra lot sold for: $75,000
Appraisal: $348,000
Rented: $2000/month

More people targeted - Amex and Amazon deal alert: If targeted, you can use Amex points (some can use only 1 MR point to...
28/02/2024

More people targeted - Amex and Amazon deal alert:

If targeted, you can use Amex points (some can use only 1 MR point to qualify) and you can get up to 40% off / up to $80 (offers vary)

Direct link (our affiliate link): https://amzn.to/3HMAV6Y

You can obviously use this on almost anything, but it DOES work on gift cards (not Visa GCs or Mastercard GCs).

(H/t to Dan's deals)

Online shopping for Membership Rewards Offer from a great selection at Credit & Payment Cards Store.

An easy way to save at Lowes or Home Depot!Amex deal alert (targeted):Use Amex points (some people can use just 1 point ...
05/02/2024

An easy way to save at Lowes or Home Depot!
Amex deal alert (targeted):
Use Amex points (some people can use just 1 point to qualify) and you can get 30% off on up to $100 in spend with Amazon!

Direct link (our affiliate link): https://amzn.to/3HMAV6Y

You can obviously use this on anything, but it DOES work on gift cards (not Visa GCs or Mastercard GCs).

Many know this, but many don't.Using hotel points (specifically Hyatt), during events and festivals can bring big value!...
01/02/2024

Many know this, but many don't.

Using hotel points (specifically Hyatt), during events and festivals can bring big value!

We're headed to NOLA for Mardi Gras - and getting 3 CPP is pretty easy right now!

Hyatt has a personal and a business card that earns points. Or, you can transfer BILT and/or Chase UR points to Hyatt at a 1:1 rate!

Happy Travels!✌️❤️

Truth! -> This and cable repair men. 😆
22/01/2024

Truth!
-> This and cable repair men. 😆

Frozen Pipes? Broken pipes?Polar Vortex be like -
17/01/2024

Frozen Pipes? Broken pipes?

Polar Vortex be like -

🥶 It's cold in Tulsa. Like, record breaking cold (-13 wind chill).We've had some pipes freeze, some HVACs struggle to ke...
16/01/2024

🥶 It's cold in Tulsa. Like, record breaking cold (-13 wind chill).

We've had some pipes freeze, some HVACs struggle to keep up, but this makes me feel like I wasnt the biggest screw up of the day. 💧💧

👀 - sooooo...
10/01/2024

👀 - sooooo...

Sometimes we can't believe the 💩 we see. I feel like the previous flippers should be sued over this - if it was my house...
02/01/2024

Sometimes we can't believe the 💩 we see. I feel like the previous flippers should be sued over this - if it was my house, I'd probably try.

https://youtube.com/shorts/xGyTE_cUeL4?si=TYa_9IVzztopmUck

This is why we gut houses, and do our own work. You never know what's behind the walls.

We went through our first lockout eviction in Tulsa a little while back, not fun for anyone. Once we served the tenant, ...
07/12/2023

We went through our first lockout eviction in Tulsa a little while back, not fun for anyone.

Once we served the tenant, she called us and told us we needed to fix her fridge or she was going to call the news on us - because we were slumlord.

This was her fridge - it was brand new 8 months earlier. 😠

Our tenant called once we started the eviction process to complain (she's over $1,000 behind and has multiple lease violations - including dogs, drugs and sm...

One of our 3 bedroom, 2 bathroom houses is available for  ! Please share with your   friendsWe also JUST finished the   ...
02/12/2023

One of our 3 bedroom, 2 bathroom houses is available for ! Please share with your friends

We also JUST finished the - pictures coming soon!

This 1381 square feet Single Family home has 3 bedrooms and 2 bathrooms. It is located at 140 N Delaware Ave, Tulsa, OK.

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