All Forum Posts by: Christine D.

Joseph,

I am looking to get into Columbus. I have another group that meets once a month by Google Meet. We have coffee and talk for an hour. I would like to do a separate one with you (and some others looking at Columbus).

Arielle,

I am looking to get into Columbus. I have another group that meets once a month by Google Meet. We have coffee and talk for an hour. I would like to do a separate one with you (and some others looking at Columbus). 

I am stuck officially and have been for well over a year. Part of the problem is that my spouse and I are completely different pages with our ideas of what properties to search for and go after. This initially started with a goal to go after commercial properties, most specifically five or more housing rental units. The plan was for me to learn everything needed to evaluate deals and to make this work. Initially, things went very well and I did a great job of identifying properties pulling in cap rates over 8.5%. When I would bring them to my spouse with the numbers, it turned into a waiting game with my spouse insisting we wait and think about it. Every time I found one of these fantastic deals, we never put in an offer and within three days they were under contract by someone else. This has since degenerated further. The spouse is looking at everything from SFR, BRRRR packages, to mixed-used, to commercial office, to purchases that get us nowhere (another personal residence for us). The spouse is also suddenly announcing wanting to sell income-producing properties we have now and own outright!

For anyone who has been in this situation in which your spouse is not at all on the same page as you for real estate and got them to come around, how did you accomplish it?

Posted in error while attempting to search. No comments needed. Can't delete?

500 year flood plain minimum. If you believe the earth is getting hotter, the artics are melting, and that climate is changing, you can expect that it will get flooded.

We looked at some places on the east coast in a beach community.  Per our contractor, "whatever the house moving company tells you the cost is, add $20,000-$50,000 onto it."  So, for the property we were looking at, they told $30,000.  Just imagine getting sticker shock with adding 20-50K onto.

Is the Denver house in an area that you can turn it into a vacation rental?  Any local government limits to doing that? Is there property management in the area that you can use?

With a house that is worth $250,000, I think your best bet would be STVR it > sell it > rent it. However, if the home is located in an area where you are projecting significanta growth/increases in the value, I would do STVR > rent it > sell it in 10 years.

Even if the tree is diseased, it is still their problem. If it is completely dead (not one leaf) and it falls, it is your problem.  

We have dealt with this as a neighbor's diseased 50+ ft oak tree that has on two occasions caused damage to our home, fence, and trees when very large branches fall off of it.  Part of it even came down on their roof through the attic and bedroom and Nationwide still did not make them cut it down. Neighbors say they have no money to cut it down.  I agree with above that you should cut this tree down if it has any disease.

We had a leak that we spent $500 on a repair.  In less than a year, water was pouring in with a heavy storm.  The replacement was around $4,500 and fixed everything (replace rotten boards, replace a skylight). Looking at it this way, I spent 11% more than I would have if I had just gotten the roof replaced the first time.

It is very tough being in business with family members sometimes. I agree with George.  If he is indeed interested, have him on for a trial period and treat him like you would anyone else in the business and not like your brother.  If he hasn't, he needs to start with Personal Finances for Dummies and get his life in order.