All Forum Posts by: Constance Rappaport

Thank you!

Thank you!

Hi fellow Investors, I have been a buy and hold investor.  Recently, I sold 2 of my single family homes and picked up a small beach condo and 1 marina condo.  I have 2 other condos on the Intracoastal.  Even with charging good rent, I find myself left with maybe 2 k after paying everything plus the maintenance and taxes for my home.  Everything is paid for.  I have also done improvements to some of these properties that also have been paid for.  Everything I own is in  good desirable areas.  I do not want to sell because the properties keep going up in value.  I believe I have spent about 700 k with improvements.  I would never be able to buy any of them back at the old price.  So what is an opinion on only netting 2 k after paying for everything.    Any opinions will be great!...btw I'm in South Florida, Jupiter area. Thanks ahead for your comments.

Well, it happened of course on Saturday night 1-2-21. Tankless water heater connect blew..was poly.  Water everywhere, and to make it worse I'm on top floor.  So my neighbor downstairs got a nice rain shower.  So my question is...I'm sure plenty of you have been thru this....just need to hear some stories.  My insurance is a commercial policy and I do not believe this will cover really anything at all.  Will the neighbor be sueing me?...checking with building insurance to see what they cover.  So far 2 plumbers been out...say it's a huge job, which I know.  Please share any info if you have gone thru this...Happy New Year!

thank you...I have 6 properties so far and truthfully the homes are the worse to keep up on...condos really no worries. ..

Btw...house is paid off

Just was wondering if others get freaked out like I do when big stuff occurs....guess I need to fix anyway if I decide to sell down the line....just trying to get different opinions on what others do...

thanks everyone for your input....I do have a Heloc already so I'm good to go if needed......thx again

Yes....1925 home...been renting for 3 yrs....double rental...2300.00 for house and cottage ...having old piping issues.and some roof situation. ..had lived there my self....had whole house lifted....has gone up 10 percent in value....just at a standstill now....plumbing 1925...not sure but may be looking at 10 grand or more...don't know whether to keep...sell....or use loan of some type....thanks for your inputs....

Heloc. ..hard money...my money...to do costly repairs at rentals....or any other ideas you may have....