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All Forum Posts by: Carl C.

Carl C. has started 16 posts and replied 280 times.

Post: Tips on buying appliances that don't break in the first few years

Carl C.Posted
  • Investor
  • New York City, NY
  • Posts 289
  • Votes 374

Good luck. I feel like we are in a constant state of repairing or replacing appliances across our 11 units. The best recommendation I have had so far was from several washing machine repairmen who have said they never get calls for Speed Queen washers. That's about all I can offer. 

Post: NYC Networking and Rental Apartment Hunting

Carl C.Posted
  • Investor
  • New York City, NY
  • Posts 289
  • Votes 374

Hi @Joel Bongco I live in midtown, happy to meet up on the 1st if you like. As others have said, anywhere around NYU will be totally safe. You might want something less expensive with more of a commute for your daughter. That opens up a lot of options. 

Post: NYC Out of State Investors

Carl C.Posted
  • Investor
  • New York City, NY
  • Posts 289
  • Votes 374

Ahh, I missed this. Oh well, maybe next time.

Post: Just received an accepted offer on multiunit

Carl C.Posted
  • Investor
  • New York City, NY
  • Posts 289
  • Votes 374



“So yeah I'm fully aware that there are a lot of unforeseen risks here. And I'm certain I will learn a lot from this endeavor. And I'm hoping I can take it in strides and learn from it all without bankrupting my fledgling business.”

I would add to my previous comment that "hope is not a strategy". Walk away and start with something more manageable. 

Post: Just received an accepted offer on multiunit

Carl C.Posted
  • Investor
  • New York City, NY
  • Posts 289
  • Votes 374

Walkaway from this property. Do yourself a favor and start with a single family of duplex. You are not well positioned to take this on. Not trying to be rude, just realistic. There are too many problems to list here, first and foremost the lack of an inspection. ALWAYS have an inspection. You need to learn on something smaller where there are fewer risks before jumping into a larger property. 

Post: DIY Shower Reno Question - rough in valve - water mixing

Carl C.Posted
  • Investor
  • New York City, NY
  • Posts 289
  • Votes 374

I see what you're saying. In my experience with doing this, you generally leave the cartridge out until the end just to be extra sure you don't damage it with the rest of the work. As long as you are careful, you should be able to install it and finish the job. But as noted above, shutoffs are useless if they can't be accessed... 

Post: DIY Shower Reno Question - rough in valve - water mixing

Carl C.Posted
  • Investor
  • New York City, NY
  • Posts 289
  • Votes 374

I don't quite follow what you're saying but as long as you aren't planning to do any soldering to the mixing valve, there is no reason that you can't install the cartridge. You'll have to be careful with the rest of your work but it *should* be ok. You should have water everywhere though if you installed a shutoff before the mixing valve. Again, I'm not quite following and it's hard to tell without tracing the pipes in person. 

Post: Shingles over Metal Roof?

Carl C.Posted
  • Investor
  • New York City, NY
  • Posts 289
  • Votes 374

Looks to me like the property was recently redone. The pics look good but if you know the roof wasn't done properly, what else wasn't done properly? Better build the cost of a new roof into your numbers if you pursue it. 

Post: Westchester County, NY Short Term Rentals

Carl C.Posted
  • Investor
  • New York City, NY
  • Posts 289
  • Votes 374

From what I understand this is more of a town by town regulation than county wide. You should call the town office of locations that you are looking at to confirm what they may have on the books. 

Post: Landlord at Property During Maintenance?

Carl C.Posted
  • Investor
  • New York City, NY
  • Posts 289
  • Votes 374

It depends on the project scope for me. Smaller items I'll generally let the tenant coordinate a time that works for them. Larger projects I'll meet the contractor and often they want the owner/representative there to at a minimum go over what work is to be done.