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All Forum Posts by: Clayton Thayer

Clayton Thayer has started 2 posts and replied 10 times.

Post: Can a hospital really not answer this question?

Clayton ThayerPosted
  • Rental Property Investor
  • Durango, CO
  • Posts 10
  • Votes 0

The last town I lived in (in hindsight, probably too small to live in :/) many of the traveling nurses and other non-resident staff were supplied by a third party company. I had a friend that rented a house to that third party on a contract basis as the nurses and other staff preferred to stay in a rental rather than a hotel. I don't know how to answer your question specifically, but would recommend seeing if another company provides traveling nurses or ER doctors for the hospital. 

Also, email may not be a good medium for this question. Sometimes people will not state all they know in an email but will if you show up and ask the janitor for instance. One way to check if medical staff are supplied by a third party company would be to look at traveling nurses advertisements for that small town on a job board such as Indeed or Linkedin. Just a thought.

Post: Newbie from Durango, CO / Farmington, NM

Clayton ThayerPosted
  • Rental Property Investor
  • Durango, CO
  • Posts 10
  • Votes 0

Shawn, thanks for introducing yourself. I may take you up on that  offer to meet sometime.

Heading to Aztec tomorrow to watch a USDA auction. Not a terribly interesting property (manufactured with perm foundation on a lot) but I thought the education would be valuable.

I'll drop a line another time I'm in the area. BTW, what states are you investing in?

Post: Newbie from Durango, CO / Farmington, NM

Clayton ThayerPosted
  • Rental Property Investor
  • Durango, CO
  • Posts 10
  • Votes 0

Hello, My name is Clayton Thayer residing and investing (hopefully) in Durango, CO.

I've bought and sold several personal residences and have even bid on a HUD home years ago (that I lost by $200). I also saw a house years ago that I send letters on to see if I could buy it but nothing came of it. So I know how it doesn't work... but am hoping a little more dedication to yellow letters may result in my big opportunity.

As a day job, I'm a licensed well driller and would be happy to be a resource for that if anyone needs.

Post: How to resolve property interest when divided (percent interest)?

Clayton ThayerPosted
  • Rental Property Investor
  • Durango, CO
  • Posts 10
  • Votes 0

@Bruce Lynn, I gonna have to check on the tax lien... not sure if it's placed on the property as a whole or on just one of the Owners. Worth checking out though.... hadn't thought of that.

Post: How to resolve property interest when divided (percent interest)?

Clayton ThayerPosted
  • Rental Property Investor
  • Durango, CO
  • Posts 10
  • Votes 0

@Wayne Brooks and @Bruce Lynn; sounds like you both are saying the same thing. (Thanks for the replies). What documents would I need from the heirs on both sides to "sign off" or to make the process go smoother through the attorney? Since all the parties likely don't even know about the property, I'm guessing they'd be amenable to the sale but... people do weird things. What specific document would be needed to show that they are legitimate heirs and to express interest in selling?

Post: How to resolve property interest when divided (percent interest)?

Clayton ThayerPosted
  • Rental Property Investor
  • Durango, CO
  • Posts 10
  • Votes 0

Newbie posting for first time here, names changed to protect the innocent.  I'm researching a property in Southwestern Colorado that has the following language on the county's property record "SMITH, JANE C UND 2/3 PCT INT; DOE, MARY ESTATE OF UND 1/3 PCT INT" . Based on my interpretation of the description, It appears that the property is divided by percent between the two entities. That is where it gets interesting.

Property has active city tax lien. Is vacant and probably close to tax lien sale in another year.

Jane Smith - She was the wife of the decedent owner's son. The son passed first and Jane herself passed a couple of years ago. A son passed also. I found three siblings in the eastern states and have sent letters to them.

Estate of Mary Doe:  She passed away. I found an older tax lien was paid by another individual in Arizona and am thinking that she must be the heir. I've written to her and tried to request *address service* on that letter since that same lien hasn't been paid in the last couple of years.

I'm guessing my best course is to consult a legal professional but I'm trying to get as much leg work done ahead of time.

MY QUESTION: If I'm able to make contact with any of the 'next of kin' for either party, is it possible that one of the parties can claim 'adverse possesion' and claim rights if I cannot get both entities together on the deal? Of course we'd have to settle the back taxes but what is the best course (ie, what documents do I need from each party) to make any attorney work easier?

Post: New guy from New Mexico Next step?

Clayton ThayerPosted
  • Rental Property Investor
  • Durango, CO
  • Posts 10
  • Votes 0

Thought I'd say hi on this post.  I'm in the Durango area but have recently moved from New Mexico. Looking for my first property currently. Just wrote my first yellow letter today for a local distressed property.  

@Jens Nielsen - just listened to one of the BP podcasts with Kevin Bupp and am intrigued by MHP's. How did it turn out?

Post: Septic + Water Well + Oil Tank = No go?

Clayton ThayerPosted
  • Rental Property Investor
  • Durango, CO
  • Posts 10
  • Votes 0

Agree with @Mike McCarthy. Nearly every home in my area has both a well and septic and I wouldn't think twice about it. I would encourage a water quality test  and a septic inspection but otherwise wouldn't worry about it.

Post: What is this hole in the ground? An old water well?

Clayton ThayerPosted
  • Rental Property Investor
  • Durango, CO
  • Posts 10
  • Votes 0

I know this is an old thread but three points come to mind...

1. In all of the states I'm familiar with in the western US, a licensed well driller must accomplish the abandonment of a water well. In some states, it must be a certain constituency cement grout and be placed in a certain methodology in order to be considered adequate.

2. Most states these days have an online mapping software  that shows the location of state recognized wells. You can generally look it up by a variety of methods but for a certain parcel, I've found the maps work best.

3. Since the well is on your property and could be used in the future, if it was  me, I'd call an experienced well driller in to correct any deficiencies and secure the surface. Once that is done, I'd keep it. You might not have a need for it but it may be a selling point at sometime in the future.

Post: Water well problems and tenants

Clayton ThayerPosted
  • Rental Property Investor
  • Durango, CO
  • Posts 10
  • Votes 0

Thought I'd chime in on this rather old thread for those reading it in the future. As a licensed well driller, most of what has been suggested above is correct (from the well's standpoint). However, installing a cistern (if allowed in your state) would allow the pump to continue to fill the cistern at lower production rates overnight for instance and allow the tenants to use a higher volume of water during 'high-use' times. As mentioned above, adding more pressure tanks can accomplish some of the same 'additional storage' purposes.

The cost of a pre-cast cistern in our area is nearly the same cost as a new water well due to the types of formations prevalent in our area. In areas with softer ground and factoring in a plastic cistern instead of a precast concrete, it might be a cost effective way to increase storage capacity with a lower producing well. 

Your local well driller can come and perform a 'test pump' to determine the well capacity and determine well parameters to help you (and your tenants) understand what is capable from your well and help to manage their water use. In fact, we frequently see buyers specify both a test pump and a complete water constituent analysis to confirm these things at purchase. 

Repeatedly drawing down the water to the pump can cause a pump to fail prematurely, which has its own cost implications.

Hope that helps.