All Forum Posts by: Account Closed

Hey Chris, happy to help.  I've built homes and townhomes in Charlotte, as well as run a rental portfolio here and a small hard money lending operation.  Feel free to reach out. 

How did the offerpad strategy go?

@John Hickey what cameras do you recommend?

As a 2nd position lien holder, you can step in and pay the 1st off, or take title to the property and make monthly payments on the 1st.  Google the Garn St Germain Act.  This law allows a subordinate lien holder to take title and not have the loan called on the basis of the due on sale clause.  When lending in 2nd, I definitely would want to verify the borrower and deal is solid.  

Just some feedback here.. that HOA is a wreck right now, and the price isn't that attractive for an investment. I'd be curious what openedoor or offerpad do on it. Good luck!

PM me what you're looking for and what you're offering.  Sounds interesting.

@Joe Splitrock, as a test, I installed a  Ring doorbell at my house this past weekend.  It has no battery components- everything hardwired.  It is the Ring Doorbell Pro.  If the main complaints are limited to battery life, I think I'm going to give these a whirl and report back.

@Joe Splitrock, that's good to know.  I assumed it was all hardwired in.  I'll have to look into this more in depth.  Agreed, I want this to be an amenity- not a hassle :)

@Evan Torrens, funny enough.  you can add towel warmers in the bathroom for not much cost.  I am considering this.  LOL

@Joe Splitrock, can the Ring door bell be hardwired in? Or is there always a battery component to it?  I appreciate your ideas.

@JD Martin, any landlord has the obligation to provide safe, clean housing.  I'm looking to do a little better, but thanks.

@Pat L., how do you handle the wifi camera security system?  Do you install cameras and tell them they can hook it up to their wifi?  

@Noel Challenger, agree, location is numero uno. Besides that though, I believe there is a finish level that can separate your units apart.  

@Ann D., I appreciate it.  I considered keyless locks but I don't know if that's going to be as much of a draw as a security doorbell so you can see who's knocking on your door at night or when Amazon has dropped off a package.  Also, all my units are master keyed already, and I don't want to mess with that system :)  Agree on the battery life however - I put them on my office 4 year ago, and just changed the battery a few months back for the first time!  

@Marian Smith, thanks for the suggestions.  I'm going to give each unit a private, fenced in rear patio area.  I don't know if I'd call it sketchy- transitioning maybe. 

@Mary B., thanks for your thoughts.  Perhaps I was harsh.  This is an awesome neighborhood.  I've invested here before, and actually lived there about 8 years ago.  But it still has some rough edges to it in some peoples minds.  I've contemplated hardwiring for security,but it seems most systems are wireless these days anyways.  Thoughts on that?  

@Tim Puffer, thanks for the comments.  Nice ideas.  Did your in laws add any other unique features?

I'm under contract to purchase some smaller multi's in rapidly changing neighborhoods.   Next door to these properties on 1 side can be a 700k new build, and next door on the other side could be a boarding house.  Occasionally you may have the homeless guy zig zagging down the sidewalk pushing his shopping cart next to the lady jogging with her baby in a stroller.  I'm looking for ideas on how to attract and retain younger, quality tenants.  Has anyone done the nest thermostats or ring door bells in a rental?  Any good suggestions for good outside lighting?  Any other strategies or ideas we could include while rehabbing these units?  Thanks for the collaboration!