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All Forum Posts by: Delbert Standifer

Delbert Standifer has started 19 posts and replied 167 times.

Post: Lenders that appraise ADUs accurately so I can increase my HELOC?

Delbert Standifer
Pro Member
Posted
  • Rental Property Investor
  • Carson, CA
  • Posts 177
  • Votes 74

@Dan H.

Greetings I promise to most definitely let you know when I receive the report. My guess is 1M.

Post: Lenders that appraise ADUs accurately so I can increase my HELOC?

Delbert Standifer
Pro Member
Posted
  • Rental Property Investor
  • Carson, CA
  • Posts 177
  • Votes 74

@Jesse Rivera

Yes, the value of the property right now is 800,000. I paid a total of 200,000 for my ADU.

Any thoughts?

Post: Lenders that appraise ADUs accurately so I can increase my HELOC?

Delbert Standifer
Pro Member
Posted
  • Rental Property Investor
  • Carson, CA
  • Posts 177
  • Votes 74

@Jesse Rivera

It's before and I paid 200k for my ADU.

Any thoughts?

Post: Lenders that appraise ADUs accurately so I can increase my HELOC?

Delbert Standifer
Pro Member
Posted
  • Rental Property Investor
  • Carson, CA
  • Posts 177
  • Votes 74

@J Kilroy greetings I just spent 200k on my ADU. It's cash flowing great. The property is worth 800k. I have not gotten an appraisal yet but I'm hoping at least they will give me dollar for dollar amount I spent on the ADU. I should be finding out by the end of the month or early next month. I wish you the best!!!

Post: Why would you Rent your $300,000 McMansion to a Section 8 Tenant?

Delbert Standifer
Pro Member
Posted
  • Rental Property Investor
  • Carson, CA
  • Posts 177
  • Votes 74

Years of bad tenants. I wanted guaranteed money for 2-3 years then I will reassess.

Post: Why would you Rent your $300,000 McMansion to a Section 8 Tenant?

Delbert Standifer
Pro Member
Posted
  • Rental Property Investor
  • Carson, CA
  • Posts 177
  • Votes 74

I live in California and I just rented my 800k home to my first section 8 tenant. So far so good!

Post: What happened to David and Rob on the BP Podcast?

Delbert Standifer
Pro Member
Posted
  • Rental Property Investor
  • Carson, CA
  • Posts 177
  • Votes 74

@Chris Seveney

For this company, there has always been open communication Josh Dorcan said when he left Brandon embrace David David embraced Rob. And then the guillotine came.

Post: What happened to David and Rob on the BP Podcast?

Delbert Standifer
Pro Member
Posted
  • Rental Property Investor
  • Carson, CA
  • Posts 177
  • Votes 74

@Carlo D. What is the name of David new podcast?

Post: What happened to David and Rob on the BP Podcast?

Delbert Standifer
Pro Member
Posted
  • Rental Property Investor
  • Carson, CA
  • Posts 177
  • Votes 74

@Cody Zucker

Bigger Pockets literally changed my life. I think it was unprofessional and wrong of whatever happened to David and Rob. I don’t see things looking good for BiggerPockets maybe the rookie edition but the original BiggerPockets I just can’t see it moving forward in a positive light.

Post: Should I rent to a tenant who is a convicted felon?

Delbert Standifer
Pro Member
Posted
  • Rental Property Investor
  • Carson, CA
  • Posts 177
  • Votes 74

@Melissa Faraias

Most definitely yes! Screen them as you would any other tenant. I think it’s admirable that they even opened up and told you that. Personally I’m an ex-felon and I own 7 rental properties. Everyone deserves a chance if qualified.