All Forum Posts by: David J Carciere

@Anthony Wick, thanks for the additional feedback, much appreciated!

David

@Andrew B. and @Mindy Jensen

Thanks for the feedback! I don't believe there is a move-in sheet on-file, though I don't know for sure. And yeah I have heard that the landlord tried to take liberties with another tenant's deposit when she moved out. I know my friend had a thorough, deep cleaning done, and last time I was in the unit, there didn't appear to be anything more than normal wear-and-tear, I'm just trying to be as aware as possible going into the process. 

Thank you again!

David

Hey BP

I'm going with a friend, and their landlord, on a final walk-through to make sure the landlord doesn't over-state the damage (if any) to the unit and try and withhold the security deposit. I don't know how this typically goes (been a long time since I was a tenant), and I just want to know if there's anything I should be aware of to try and mitigate any potential issues. We're in California if that changes things. 

Thanks!

David

@Wyatt Postal

Hey Wyatt, I’m getting started here in Santa Rosa. Would be great to meet up at some point.

David

Hey BP

Has anyone flipped houses in 55+ communities? We've got a couple of 55+ communities, in nice area's (in the towns of Healdsburg and Sonoma) that have available inventory that look like they'd be very straightforward flips. Basically it appears that the homes simply haven't been updated at all since they've been built. 

Given the towns there in, it seems like there could be good upside but I'm wondering if maybe there is actually limited upside to ARV based on them being 55+?

Obviously 1) there's a limited buyer pool. 2) some seniors are on a fixed income. 

The flip-side is there might be enough seniors with funds who would want to buy a fixed up, modern house in one of these area's?

Any thoughts appreciated. 

Thanks

David

@Matt M.

Matt thanks for the note.  Yeah we're lucky with the way we turned out, I think it would be all good in terms of her taking care of the place, and everything else but I think we're lucky in that regard.  

Sorry to her your'se didn't turn out the same.

Ended up passing on this deal but all the feedback was really helpful.

@Mike Dymski

That’s quantifies it pretty clearly - thanks!

@Mike Cumbie

Interesting thought!

@Michael Goldsmith

Thanks for the feedback, very thorough and helpful!

@Bjorn Ahlblad, ha no I won’t be living in the other unit, that’s a little too close for comfort...

Thanks to everyone else for the feedback!