All Forum Posts by: Billy Smith

I would go with a hail resistant 30 shingle then you get a discount from the insurance company .

The main issue with rental basement is water if it has water issue usually it is a simple fix .

Clean gutters ,discharge gutter  water away 10" away from foundation, make sure you foundation soil is slopped away from it .If you need to buy soil get a clay mix .

Cut back any tree too close to the foundation look at the drip line that's how far the limbs are out from the tree .

If all that is done still has water buy a sump pump  carry the water to day light away from foundation 10" to 15" .

Having all or most of your rentals paid off is a great feeling with the cash flow rolling in .

You know have a bigger shovel to buy more properties , folks get the fever want more more dam the debt full speed ahead .

I read a lot saying what  is the rate of the  note ,you could deploy the money in  ,gold ,stocks etc....

With just a couple rentals paid off in A -B area I put my kids though Division 1 state college. 

 Agree 100%

I know this is too late I do my own inspections #1 on my list is a run a camera  down the house sewer line to the main . Get 3 estimates, some times they will only  replace to the point of proper old sewer line only that can save money  BIG time   .They will add a clean out  next to the house one out farther where they stopped the new sewer line  replacement .

As far as suing  any one on such a manner need to figure out what the legal  cost are plus what  percent chance of success then decide  of you want to roll the dice  unfortunately this type of scam happens a lot now a days .

Ben Mallah in Florida has been doing this strategy of getting commercial loans  to live on or deploy the capital how ever he wants .  He has a You Tube channel it's  fun to watch for a while .

You need a certified arborist to write a opinion about the tree then send that  to the owner of the tree .

 Sorry I should point out you need to keep gutter discharge water away from the foundation  at least 10 ft . Look at the lay of the land any issues that need addressed to keep water away like the front yard etc..   does the  house have dirt up next to the foundation  keeping  water away from the crawl space ?

I would make sure that crawl space is vented proper, may need a small commercial grade fan not sure . Then buy the proper chemical to spray on that will take research to figure the proper type  .

I would talk to your tax person make sure you do this right for both people on this transaction .