All Forum Posts by: Brian Sherman

Remember "Baretta" TV show theme song? "If you can't do the time- don't do the crime.....no no no - don't do it" Stay at Ritz or Four Seasons, it will be cheaper than carrying a condo if you don't use it regularly. Worse case VRBO. If you do decide to purchase, you second move is to identify a stellar property manager and realistically schedule you ability to rent and have them go to work.

I am a hard money lender and real estate investor. PM with any questions you may have.

It's a business transaction in which all parties offer their perspective price. Make your offer and see what happens, worse cast he says no and you know his answer until you offer. If anyone is offended it doesn't really matter- perhaps you should be offended by the wholesalers asking price?

Three words: carpet, carpet and carpet and use quality thick padding.

I am a hard money lender in Texas and would be happy to look at deal and provide financing quote.

@Chris Collins I greatly appreciate the idea. I will explore the mini split heat pump strategy. Thanks again!

@Dave : Thanks, they are metered but the market is rent to include utilities. I will check with HVAC contractor. Thanks again.

I have a duplex I purchased in a bank foreclosure last November. It's a solid building with good bones except one thing - no furnaces and it has base board heating. Property is in a college town in Michigan, so the rental market is strong. Each duplex is huge 3 BD/ 2 ba and approx 1400 sq ft. My issue is electric bills as they run 350/ month for each side. Does this seems ridiculous? Any ideas on what's involved and if it's worth it to convert to furnaces? An additional benefit would be the ability to add central air as well in the process. Thanks! Brian

It varies from state to state. I agree with previous comment on trying to contact tenant and ask her about a cleaning fee. If they agree great, if not I personally would not pursue.

Chalk it up to a lesson learned for a cheap tuition fee. It's not worth your time or hassle and if you get a lawyer involved it will only be a further financial loss.