All Forum Posts by: Carey Flamer-Powell

@Nicholas Lohr Right, I am aware of the disclosure form. But there are certain states (MA is one) that explicity state that the disclosure form is not sufficient legal protection against a tenant claim of lead exposure/harm (https://www.masslegalhelp.org/housing/lt1-chapter-9-enforcing-rights-lead-law). Cities like Cleveland are starting to assign task forces to inspect rental properties, to force lead paint compliance. So I don't feel sufficiently protected just having the disclosure form on file, and I am wondering if I am the only one thinking this way? I would much rather be on the safer side of this scenario before buying a property...

Hi - Newbie here, looking to purchase my first buy & hold, turnkey SF rental house. I just had a deal fall through because I wasn't willing to waive my right to have a lead paint inspection. The turnkey seller said he "has never had anyone request a lead paint inspection" and he didn't want to move forward with the deal if I insisted on one. So we canceled the deal. 

My question is, are all investors just sticking their head in the sand and signing away their right to a lead paint inspection and hoping there's no lead paint? That seems really risky to me, as the penalties for landlords can be very stiff if lead paint is found on the premises, and especially if a tenant can prove they were harmed by it. 

So what is everyone doing about insuring the property is lead paint free when they purchase a turnkey property? Thank you!

Hi, Newbie here :) My goal is long term appreciation gain. Any help or input is appreciated. Thank you!

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@Taylor Chiu thanks for your comment and the warm welcome :) 

My long term goal is appreciation. I’d like to hopefully sell it after 5 or so years at a nice profit. We may use it once or twice a year for vacation during that time. 

Regarding occupancy rate, Maui consistently sits around 80-85% year round. I estimated low at 65%. Thank you!

A few bits of info: 

1) I’m a newbie at real estate investing (though I’ve purchased 5 of my own primary residences over the last 20 years), so I’m not new to real estate purchasing all together). 

2) Trying to decide if I should make my first investment deal this VR, or start smaller with a turnkey property in the $80K range. 

3) This VR comes fully renovated and furnished, right on the ocean. All utilities included in HOA. Established rental history of approx. $6,000 gross rents/month (I estimated low on report). Just needs a few pieces of new decor (hence the $1,000 "repair" cost).

4) I used to live in Hawaii, so I’m very familiar with the culture, climate, property permitting rules, etc. 

Thank you!

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