All Forum Posts by: Chris Rose

Hi @Louis E. Wurth, you have found one of the best resources to learn about real estate investing. I would agree with @Snehann Kapnadak in that you certainly need to read lots of books, listen to podcasts and connect with as many people that have the knowledge that you're looking for. The key to any type of investing is to educate yourself as much as possible, give yourself as much of a safety cushion as you can, proceed with caution, use good ole' common sense, and get started as quickly as you can. The Lone Oak area of Paducah is a very good area to find investment properties if you know what to look for. Feel free to reach out to me and others here on the forums if you have more  questions.

 Actually @Max Tanenbaum, if you read my op, I was told by the salesperson that the appliance was a return, there was no mention of damage, that is the purpose of my rant. I feel like I was lied to and mislead into buying an as new appliance when it wasn't. I did return it and had my money credited back, I never expected to buy a new one at the discounted price, but I sure wasn't happy about the waste of my time and trouble when I could've been working on my other investments. I'm believe you would feel the same way if someone wasted your time too, especially if it was through dishonest dealings.

 I have never owned or used one, only know that they have pretty good reviews.

 If sheet metal was the only issue, I agree with you. However, I didn't want to take a chance on broken internal components.

 Most likely, that's why I didn't keep it. I certainly didn't want to place it, hook it up and have a tenant try to wash clothes only to find out it has mechanical problems.

 The sheet metal was rubbing against the drum, and who knows how hard the drum had been hit or moved inside the machine. A little bent sheet metal wasn't my concern bur how bad the internal mechanics could be damaged.

Yes @Account Closed, I am bitching about Lowe's selling me a damaged appliance and misleading me about the quality of the item. I haven't spent as much as you at have with Lowe's, but I do expect that they would have a little bit better business ethics than someone selling me a washer/dryer out of the back of rental storage unit! 

We bought an LG 2 in 1 washer/dryer unit for an apartment that we leased last Friday. the appliance was on the clearance aisle and marked down several hundred dollars. When I asked the salesperson why it was on clearance, she said it was because the appliance was special ordered for an rv and when it didn't fit, it was returned and put on clearance sale to move quickly. When the appliance was delivered Saturday, the delivery men asked me if I had looked at the washer/dryer before I bought it. I said that I hadn't given it a full inspection, but seen that it was still partially in its original box. They told me that if they had bought the unit and seen what was wrong with it, they would refuse to accept it. They showed me that the unit had been damaged by having the sheet metal bent in against the drum and said that it had come into the store that way and had been placed on the floor as clearance to get rid of it instead of returning to the manufacturer for credit. I took there advice and sent the unit back and paid for their lunch for showing me the damage.

I had leased the apartment for an additional $25 per month to furnish the appliance for my tenants. Now I have a family with no washer/dryer who have paid extra for the convenience and no other option at this time for a reasonable accommodation. I did refund my tenants $50, $25 because they don't have a washer/dryer to use plus another $25 just for their inconvenience. I went to Lowe's this afternoon to see what they were going to do to resolve the issue. Essentially I was told, "well, you bought it on clearance, it's a special order appliance, we'll refund what you paid and sell you brand new washer/dryer at full retail price! I'm so frustrated with this store. I know that buyer should always beware, but I expect a retail home improvement store to exercise a bit more of an ethical practice than this, or am I wrong?

Hello @George Faulkner and welcome to BP. I'm located in Western KY and I have just started investing. You will find a great deal of like-minded people here on the forums.

Hey @Lee Jaggers, welcome tp Biggerpockets! There is lots of information on here to sort through and learn from. I'm in western KY, so my market is very different from yours but the basics are still the same. As for your question about the attorney, you'll find answers both pro and con on the forums but I actually did and started an LLC. Some say it's an unnecessary step and expense, but what is your personal assets and protection worth?