All Forum Posts by: Chris Shelton

So I’m at a stalemate. I’m currently living in Hawaii and own a duplex in Fayetteville, NC. My wife and I have a baby on the way due in about 7 months along with about $30k in debt. I want to get rid of this debt as quickly as humanly possible before the baby is born. However, the duplex needs about $4-5k worth of work and the two HVACs are pretty old and are basically living on borrowed time. The scenarios I’m playing in my head are:

A) Sell it as is so I’m not eating this extra mortgage each month

B) Get the place fixed up and keep it and hope the property management is able to get it filled

C) Get it fixed up then sell it for greater value which will take more time and money in the short term

One side wants to get rid of it and focus on paying off debt before the baby shows up and the other side knows real estate is a long term game and doesn’t want to give in when times are hard.

Thank you for your input BP!

@Matt Burns ok thanks! Can you recommend any websites to get a proper 30 day notice? There’s a lot of them online but which one would be a trusted source to cover all bases?

I live in Noth Carolina and I have tenants that I want out yesterday. I was reading the fastest and most simple way is to give them a 30 day notice and that’s that. However, I also read that in NC you only need to give a 7 day notice. Also, what if they don’t leave by the allotted time? Can anyone clarify any of this or point me in the right direction as to where to find more concrete answers? Thanks BP!

Awesome, thank you! What about getting the back rent and late fees they owe? Would I have to take them to small claims court?

I'm living in North Carolina and I just gave my tenants their 10 day pay or quit notice. It doesn't seem like they're going to pay so I was wondering what are some things I can get in order right now for when they go passed the 10 days?

Cheers BP!

Going to be jumping into my kitchen and bathroom remodel here pretty soon and I just wanted to see what everyone is using as far as funding goes...credit cards, loans, etc. 

Cheers BP!

I'm currently house hacking a duplex and I don't have a LLC. I recently had new windows put in ($5900), will I be able to write them off on my taxes even though I'm not technically a business?

Cheers!

Houses for BRRR. Im listening to the podcasts and everyone is always saying "analyze deals everyday" or "analyze at least 100 before you make any decisions". I'm just wondering how exactly to do that.

Cheers!

What is the best way to learn how to analyze deals step by step?

I'm looking for a solid month to month lease agreement if anyone knows of any online or through BP. I have the year lease agreement but my tenants are moving to month to month now. Thanks!

Cheers BP!