All Forum Posts by: Bob S.

Had one flooring store recommend glue down, they said this is better than 20mil 5mm snap in LVP flooring, as the snap ins sometime break and you can easily replace a glue down.

Another flooring store recommended "loose lay flooring" basically that is similar glue down, but has sticky material on each board.

What are your thoughts? We decided to go with 20mil 5mm LVP waterproof.

0 Votes

Hello. I’m remodeling a house for rental and I’m debating if replace all carpet for hardwood floor, even on rooms and closets. My concern is if it is a good idea to get rid off carpet, will it be appealing for renters in Texas. The house is built in 2001 and has a pool as well.

1 Vote

Dallas, Texas

Quote from @Katie Smith:

Hi Bob! Are these walk-in closets? I'd probably replace it with the same flooring as the bedroom for a cleaner & updated look.

One is a walk in closet, the others are just bedroom closets.

1 Vote

Hello!
I am doing a rehab on a house built in 2001. There is carpet in the closets currently and the carpet is in good condition. Two story house in TX.

Should I leave the carpet in the closets? I plan on replacing the whole house with laminate minus the kitchen.

Thanks!

1 Vote

Hello! I have a question about painting kitchen cabinets in a remodel.

House was build in 2001. Kitchen has the light brown cabinets in excellent shape. Do you paint inside of the cabinets/drawers as well? Inside is also the same color as the outside.

Thank you so much!

1 Vote

Quote from @Amir Khan:

Hi Bob, while I am not a turnkey investor, I've marketed turnkey properties to investors. Whether turnkey solution is right for you or not would depend on what your goals are from a turnkey investment? Perhaps you can clarify your goals to help everyone else also chime in..

I already own a couple rental properties in DFW. But looking to expand more. We bought them in 2020. Haven't purchased anything recently due to inflated prices/ high interest rates. We are looking to dive back in soon when prices come back down over the next couple months/years. Curious what others have experienced in turnkey rentals. We would like to keep them in the TX area, since our LLC is already here in Texas. I don't want to have to open another LLC and file taxes in another state for business.

0 Votes

Dallas, Texas

Do we have any turnkey investors here? What's your experience like? Would you do it again? Do you recommend turnkey investing? I am trying to find out more information on this. I already have a couple single family homes as rentals and would like to expand my portfolio more later on.

3 Votes

Dallas, Texas

Hello

Can an HOA restrict rentals in North TX? For instance, if I bought a property in an HOA community and decided to use it as a rental can the HOA tell me no?

If they tell me no, and I do it anyways... what kind of consequences may happen in Texas?

Thanks

0 Votes

Dallas, Texas

Quote from @Robert M.:

Thank you all again for the variety of responses here. You've all helped me understand this from a different angle. Kislay and Michael M. in particular, I really appreciate your professionalism and kindness in weighing in.

It's been especially helpful to understand the role of depreciation in my tax situation, which I had not fully appreciated until now (pun not originally intended 😛). I really wish my accountant had given me the heads-up he was depreciating the property and what that meant when I went to sell — but now it's an expensive lesson, I guess.

Quick note for those who went for the "get a load of this entitled millennial who filed his taxes late one time" jugular — I imagine you're here to help people, and this is your friendly reminder that it doesn't cost anything to assume good intentions and be nice. Back when you were a rookie and you made your first big dumb mistake — was there was somebody who put you on the right path without cutting you down or being flippant? Maybe be inspired by them next time.

As an epilogue to all this, I ended up contacting my parents and telling them that I asked strangers on the internet for advice, and it turns out I really misunderstood depreciation. I told them I'll take care of the bill — ending months of strife — and I think that made them really happy.

Good choice. :) Educate yourself and learn from this mistake, continue to learn if you are truly interested in RE.

0 Votes

All Forum Posts by: Bob S.

Bob S. has started 6 posts and replied 9 times.

Post: What kind of flooring do you use/recommend?

Post: Carpet vs water proof laminate in bedroom

Post: Carpet questions in closets

Post: Carpet questions in closets

Post: Painting Kitchen Cabinets

Post: Turnkey investing thoughts?

Post: Turnkey investing thoughts?

Post: HOA restrictions for rental in North Texas

Post: Parents loaned me down payment for duplex, I sold it, now who pays capital gains?

Bob S. has started 6 posts and replied 9 times.

Biggerpockets Logo Post: What kind of flooring do you use/recommend?

Biggerpockets Logo Post: Carpet vs water proof laminate in bedroom

Biggerpockets Logo Post: Carpet questions in closets

Biggerpockets Logo Post: Carpet questions in closets

Biggerpockets Logo Post: Painting Kitchen Cabinets

Biggerpockets Logo Post: Turnkey investing thoughts?

Biggerpockets Logo Post: Turnkey investing thoughts?

Biggerpockets Logo Post: HOA restrictions for rental in North Texas

Biggerpockets Logo Post: Parents loaned me down payment for duplex, I sold it, now who pays capital gains?

Post: What kind of flooring do you use/recommend?

Post: Carpet vs water proof laminate in bedroom

Post: Carpet questions in closets

Post: Carpet questions in closets

Post: Painting Kitchen Cabinets

Post: Turnkey investing thoughts?

Post: Turnkey investing thoughts?

Post: HOA restrictions for rental in North Texas

Post: Parents loaned me down payment for duplex, I sold it, now who pays capital gains?