All Forum Posts by: Account Closed

@Darren Sager

Thank you for putting together a wonderful event. It was energetic, lively and definitely fun meeting people LIVE face to face. The space was fantastic, centrally located with great amenities.

@Brandon Turner

Thank you for putting forth a spirited presentation - chock full of fantastic and actionable information. I'm certain everyone was able to take away at least a handful of tips to action on. Heather is both brainy and gorgeous - wow!

I don't have any properties where I am (except my Primary, of course), but if you guys want some food recommendations while you're in NYC, let me know.

See you at the meet-up!

@Jerry Padilla

might be able to help you.

@Account Closed

I don't know of a coop that would take 10% down. Most require 20% and some I know are up to 35%.

Take into account that regardless of whether the bank approves or not, the board will have the final say and they are more stringent than banks. Some boards will want to see a year's worth of PITI + maintenance in the bank after close (mine did) and other not so tangibles (basically - do they like you?).

Also, make sure the coops you look into will allow rentals, as most don't. The few that do might have requirements as such:

- owner would need to have lived in the unit for 2 years first

- owner only allowed to rent out unit for 1 year, then must come back to live in the unit

Don't forget to allot money for maintenance/repairs inside your unit (broken dishwasher, refinish floors, stuff that will inevitably come up, etc.), so $415 is probably a bit inflated.

Good luck!

 I just woke up and I haven't laughed this hard all week. My one pack ab is hurting.

Did the tenants say how long they will be gone and if they have a dog walker or dog sitter?

The dog ran out the door when you went to let him/her out? Have you let the tenants know yet? 

Normally, dogs should be ok for a few hours (people have dogs, but go to work during the day), but will really need to go out at about 10 hours or so. If they are normally well behaved and well trained, then letting them chill around the house should not be a problem. They will usually just nap, eat/drink (if food/water are out) and play a bit. Were the tenants already gone for an extended period of time before you found out?

@Account Closed

Looks great!

What do the other SFRs look like in the neighborhood? Similar style?

@Josh L.

Do you have any pictures of how effective buffing out the scratches would be?

Good question, I don't have any personal pictures, but I should take more after pics from now on.

How much would it cost a wood flooring expert to do it?

This would depend on who you hire and what labor costs are in your location. Call a few places and ask around. In CA, maybe budget for around $2/sq ft, to be safe?

Could you buff out scratches for both engineered and hardwood flooring?

Yes

@Josh L.

If scratched, you (or a wood flooring expert) can buff it out, no need to re-finish due to a few scratches. 

If the property is A and the comps have wood floors and you want to stay competitive, you really might want to consider hardwoods. Again, you can get the more affordable ones that you stain yourself. 

Costs for replacing carpet and pad every few years add up...with hardwoods, they will cost more upfront, but will last for a long, long time.

@Julian L.

The galley kitchen...we have something similar (maybe a bit longer). We gutted everything and knocked out wall, added counter seating. New cabinets, granite, glass tile backsplash, moved some plumbing and electrical around a bit, etc.

Pricing in LA and NY might be similar. If that is the case...we spent all-in about 25k (materials & labor). That was 8 years ago.

I think you might end up spending more than you think for granite, cabinets, hardwoods & appliances. 

Best of luck!