All Forum Posts by: Alan Diamond

I'm looking for a possible investment house close to UCF.  Likely looking for student renters. Is this common in the area? Are there local restrictions?

Any help is appreciated.

Alan

Need a handyman type to finish the details on an apartment ASAP.  Light carpentry, painting, cleaning and misc jobs. Help!

Hi John,

I would like information on a Self Directed company.  I still need to check with my accountant to judge his experience in this.

Thank you,
Alan

thank you for your replies.  Sounds like I need to call my Tax Advisor...

Hi Everyone,

I have enough in a older 401k from a previous employer. I would like to transfer this to a self directed IRA to use for the downpayment on another rental house. Are there any NY specific concerns or impacts?

Thank you,

Alan 

I'm taking apart the wall with the plumbing in it today.  I should understand the source of the water better later.

Hi All,

I just gutted a bathroom in my first duplex!  The floors were terrible, porcelain tile over cement board.  The cement board was the consistency of west sand, and after a layer of linoleum/tar paper, I got to the original hardwoods. The tub perimeter was quite damp at this level.. Do I need to remove that as well, or can I just let in dry and use self leveling cement on top? Plan is to use Schluter-Ditra as a strong barrier and basis for "normal" bath tile... Thoughts?

Thanks in advance

Alan

It can be a big benefit to the owner to avoid foreclosure: extra costs, avoid a big credit ding, more $$ and so forth...

Hi Tony

I'm not sure if they are available in your area, but i just signed a duplex policy with Liberty Mutual.  Full rebuild cost at 300k, 500k liability, 500 deductible for $670. Was by far the best deal I quoted.

Alan

An addendum for my last post....  Appreciation is not likely in the lower cost areas, some properties have actually decreased in value over the last 20 years.  I do buy and hold, so I'm not sensitive to that.