All Forum Posts by: Dan Heath

I'm curious of thoughts out there regarding buying a few good quality properties and focus on debt paydown and highest and best (HABU) vs. accumulating mass quantity of rentals. It seems to me like a logistical nightmare to have 30 doors each only netting $100/mo  = $3,000 vs. owning 5 doors, bought with existing equity, large down pymt, and each door netting $600 = $3,000; with a focus on maximizing the best possible use of the property. Maybe converting it into something that will produce more income. Most of the BP podcasts I've listened to have focused on the number of doors. 

Let me know your thoughts. 

Thanks!

Just curious if anybody is working with a good real estate attorney in the Post Falls/ CDA , ID area.

Thanks!

does it matter that I didn't pay cash for the property? 

Closing on a brrrr next week would like to refi asap. Heard about delayed financing.  Anybody know how that works and do I have to do something special at closing

Does anybody have money in Uphold? It's a crypto exchange platform. I got into it bc that was one of the only places that still trade XRP, but I have not been able to transfer my money out. It's been over a month now.

Thanks for the input. The policy won't lapse as long as I have a quote for the work before 3/23

Yeah...I've got a roofer lined out. That's good to know and probably safer to not let it lapse. Thanks for the reply. I appreciate it!

Has anybody heard about letting home insurance on a rental unit lapse due to needing a new roof for example that wasn't completed on time - in order to get a better rate because the bank requires it and will buy it on behalf of the landlord at a discount and pass that payment on to the landlord, but at a cheaper rate than what the landlord could get.