All Forum Posts by: Jeremy Shepherd

I personally would not rent from a landlord that didn't allow me the opportunity to defend myself and family. These properties can become a target if it is known no guns allowed.

welcome from New Martinsville, WV. 

If you are paying cash or seller financing and the numbers are there MAYBE. If you are getting a mortgage and requires flood insurance NO...for now.

Read up on Biggert-Waters. Personal residences were given a delay on premium increases. Anything out side of a personal residence: rental properties, vacation homes, commercial real estate are still going to continue to have premiums rise.

I can relate. I am in a community along the Ohio River where flood insurance claims are almost non-existent, but flood insurance is required for about half the town. I have to walk away from decent properties from time to time due to the fact that down the road I don't know if I could sell the property if I wanted to exit.

Until Biggert-Waters and the FEMA flood insurance mess is resolved I am steering clear.

Flood water is not the problem its the government trying to make up for misappropriated spending through FEMA. Example: my personal residence had a flood insurance premium of about $800 per year. Basement will get water through sewer when lots of rain mixed with snow melt. After Biggert-Waters my new premium was $2500 per year. After getting the elevation certification the premium went to $7,851 per year! Called the bank and told them they were about to be in the real estate business. Lender agreed to allow me to get insurance from a company in Florida for about $755 per year. I was zoned in WV the same as properties on the coast.

Here is an example of what you are dealing with under FEMA: https://www.youtube.com/watch?v=TTKufG1aofg 

My question is for those of you that use Quickbooks. What accounts do you use to track your tax lien certificates from purchase to redemption or deed transfer. Thanks.

Yes sir! That is how you play the game.

Opinion on what I should do with school? Should I even bother with going two more years?

No. 

Would it be a good move to get real estate licensed in my situation?

If you want to sell real estate to people for commission.

Any other comments, advice or concerns would be greatly valued and respected. Thank you all again!

Buy vacation property further south so it isn't seasonal income. 

@Jon Dow I used to live in NoVA and am aware of the prices in that area. Check out the eastern panhandle of WV and the Shenandoah Valley area of VA. Properties will perform better because of lower acquisition costs. Better cash flow margin.

I would pay for it and write it off on my taxes. 

Wow! Looks like a Checkers restaurant. I would paint or replace personally.