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All Forum Posts by: Craig McNally

Craig McNally has started 3 posts and replied 15 times.

Post: Bathtub advice needed for rental

Craig McNallyPosted
  • Rental Property Investor
  • Radford, VA
  • Posts 15
  • Votes 8

I'm not sure if you can fit a one piece tub w/ 3 side enclosure through the door opening, but if you could, I'd opt for a single fiberglass unit.  Comparing fiberglass to acrylic, I understand you can take compound and a buffer to the fiberglass unit to gloss it back up when it gets scratched, whereas the acrylic units are difficult to get scratches out.  I bought a fiberglass tub (Aker brand) from Ferguson plumbing supply--- it was much better built than anything offered at Lowes/Home-Depot and a little cheaper.  A tip--- put wet mortar mix under the footprint of the tub pan when installing to support the bottom.

Post: Real Estate Investors in the NRV

Craig McNallyPosted
  • Rental Property Investor
  • Radford, VA
  • Posts 15
  • Votes 8

I'm interested in meeting up and curious to see how many people reply.  My wife and I live in Dublin and work in Blacksburg.

Post: new member, southwest Virginia

Craig McNallyPosted
  • Rental Property Investor
  • Radford, VA
  • Posts 15
  • Votes 8

Hello all, I'm still following along.  There were two properties in Christiansburg recently--- two weeks ago a fourplex, and three months ago a duplex.  Each had contracts within a few days after listing.  Just too much competition, so I'm happy to sit things out for a while.  The other option I've been looking at has been to contact owners of dilapidated properties in good neighborhoods. 

Jason Grimm--- I don't know Pulaski or Wytheville, but you might want to contact Virginia Reasor from the BiggerPockets group.  She has a rental house in each and we've sent some messages back and forth.

Post: Roth vs. traditional - Need help on which strategy is best

Craig McNallyPosted
  • Rental Property Investor
  • Radford, VA
  • Posts 15
  • Votes 8

Personally, I would say 22% is high. I'm young, not as young as the OP, but I also have a plan for retiring early in a few years. If you're making enough money now to be saving/investing the extra, it makes sense that in the future, when you're financially independent and looking to live off those savings/investments, you won't have as much income and would probably be in a lower tax bracket. It would probably serve the OP best to put whatever extra income she can into the traditional 401k's and IRA's to at least get taxable income down to the 12% bracket--- $77,400 if her and her husband file jointly. If there's room and money for the Roth after getting past that threshold, then put it there.

Post: new member, southwest Virginia

Craig McNallyPosted
  • Rental Property Investor
  • Radford, VA
  • Posts 15
  • Votes 8

Hello, I'm looking to connect with people around the NRV southwest Virginia area for advice.  My wife and I have rented out a 2 bedroom home near Radford University for the past 8 years and are looking to buy another property in the area.  Both of us work at Virginia Tech.  While there is a lot of growth happening around Blacksburg/Christiansburg, we're a bit uncertain of the areas outside that.  I'm curious what people here think about the potential for real estate in the areas of the NRV and Roanoke.