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All Forum Posts by: David Cruice

David Cruice has started 2 posts and replied 176 times.

Post: Is solid-surface/granite countertop worth it in rental?

David CruicePosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 179
  • Votes 192

@Gusatvus Johnson, @Natalie Schanne, granite in a rental?  No way.  Granite in a flip?  If the neighborhood and comps warrant it, yes.  @Dennis M. Amen, brother!

Post: Neighbor neighbor driving across property

David CruicePosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 179
  • Votes 192

@Dennis M., great minds think alike, buddy!  Great minds think alike!

Post: Neighbor neighbor driving across property

David CruicePosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 179
  • Votes 192

@Cat R. buy one of those police Stinger devices - you know, the spikes they throw across the rob to stop a perp dead in his tracks - then hide it in the grass across the path of where she drives.  If you don't want to spend the money on a Stinger, but a 12" 2x4 and shot some nails threw it.  If you grass isn't very high, paint it green.  She'll soon get the message.  If you're not up for that, file a trespassing report with you local police department.  Option A is much more fun though!

Post: 1031 Exchange Property search

David CruicePosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 179
  • Votes 192

@Erik Devereux , have you searched LoopNet for what you're looking for?  I've seen a lot of mobile home parks listed on there.

Post: Out of state investor. Water turned on by contractor.

David CruicePosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 179
  • Votes 192

@Raj Kumar , so your client is trying to turn off the water after the contractor turned it on?  Why?  It would be best if he calls the city and asks them to turn it in (although it is already on) in order to establish service for 2 reasons: (1) He's going to need to have the water on for the when the property gets inspected (banks won't loan unless everything is proven to be working) and (2) Right now the city could charge him with theft of water by turning the water back on himself (well, really the contractor did it but the city does not care).  One way or another the city is going to know EXACTLY how much water has been used since they last read the meter before turning it off previously.  The best he can hope for is to plead ignorance; blame the contractor, and hope he only gets charged for the water that has been used and not being fined in addition to usage.  

Post: Five unit multi family purchase with an SBA loan

David CruicePosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 179
  • Votes 192

@Michael Evans , coincidentally I bumped into an SBA loan specialist a couple of weeks ago and talked to him about the possibility of applying for an SBA loan to acquire small multi-family properties.  He said it wasn't possible since the loan had to be related to a legitimate business and had to be used for things such as purchasing inventory, equipment, buildings (not rentals), etc.  Are you sure you can get an SBA loan for this acquisition?

Post: Renters interestd in my house under the right of TOPA

David CruicePosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 179
  • Votes 192

@Jun Shi , you're in a very gray area given the fact that you informed your tenant of your intention to sell in May (when the old TOPA law was still in effect) but received an offer to purchase after the old law was replaced.  If I was you I would reach out to the legal counsel for the  D.C.’s Office of the Tenant Advocate and ask them for clarification.  

Post: New! First Analysis South Florida (Deal or No Deal??)

David CruicePosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 179
  • Votes 192

@Maranda Nevils .  NP.  Happy to help.  Let me know if I can be of further assistance.  Thx

Post: Just starting out! House hacking or small apartment complexes?

David CruicePosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 179
  • Votes 192

Realtor's license will be good to get you into the MLS, network with peers, find deals, and save money on commissions. It takes a while to actually make money as a Realtor since you need to build up a client list. The CAM license would help you understand about property management, rules, regulations, statutes, etc. as that govern your state. In addition, if you are considering a job in real estate investment and/or management it would look good on your resume.

Post: A College Dilemma

David CruicePosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 179
  • Votes 192

@John Nachtigall , I fully stand by what I said that "Higher education in the U.S. is a scam. It's nothing but a business spewing out college graduates with degrees they neither need or, for the most part, will use".  Most undergraduates spend an inordinate amount of time taking "electives" that they neither need or add any value to their major.  In addition, far too many graduates leave college owing tens, if not hundreds, of thousands of dollars in debt (a lot of that money spent on the meaningless electives that they had to take to graduate).  They also spend 4 years in college studying for skills in particular careers that they could be trained in under 2 years or less.  Most employers simply put "Undergraduate Degree Required" in a job description just because it looks good.  Again, most of these jobs don't require the applicants to have spent 4 years in school for what they're going to do on the job.  I'm just waiting for the day when I see an advertisement for a dishwasher that requires an undergraduate degree.  And, finally, I've lost count of the number of resumes I've reviewed where the applicant had a college degree in a subject that bore absolutely no resemblance or had any bearing on what jobs they worked after graduation.  So, do I think all college degrees are a scam?  No, I don't.  However, what I do think is a scam is that young people are being left thousands of dollars in debt, after having spent 4 years in college, for an education that could have been imparted in half that time, for jobs that really didn't require such a commitment in time and finances, and, for a degree that all too often that had no relation to their career path after graduation.  P.S.  I have a B.S. and an MBA, with the latter being from one of the top 3 business schools in the world.