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All Forum Posts by: Derick Bonsu

Derick Bonsu has started 6 posts and replied 91 times.

Post: Property 12, 100% financed

Derick BonsuPosted
  • Investor
  • Washington, DC
  • Posts 93
  • Votes 54

Congrats. VA loan?

Quote from @Leslie Anne Morris:

I watched half of it and there’s no actual news here. LOL


 Thanks. You saved me some time. I'll pay it forward. 

Post: Is anyone still buying STVR's

Derick BonsuPosted
  • Investor
  • Washington, DC
  • Posts 93
  • Votes 54
Quote from @Leslie Anne Morris:

... Also folks seem to be waiting and watching. 


Post: First Tim STR investor

Derick BonsuPosted
  • Investor
  • Washington, DC
  • Posts 93
  • Votes 54
Quote from @Leslie Anne Morris:

Utilize a free app called Deal Check which walks you through how to underwrite your deals


Wow! that app is still around? And it does STR now?

Post: STR Insurance Policy... who do you use?

Derick BonsuPosted
  • Investor
  • Washington, DC
  • Posts 93
  • Votes 54
Quote from @Bruce Woodruff:

I use State Farm, but that's in Arizona. $100 a month on average...

 So jealous. Come to Florida.

But to answer your question, @Zigmunt Smigaj 5K sounds about normal. I pay a little over 5K. The only way to get around it is to increase your minimum to 30+ Days, but then you're not really doing STR.

Post: We're being overrun by fake finance, investing, and RE gurus

Derick BonsuPosted
  • Investor
  • Washington, DC
  • Posts 93
  • Votes 54
Quote from @Trevor Oldham:

For me, it's Grant Cardone. A lot of folks buy into him, but I attended his conference in Las Vegas a few years back and have never felt more ripped off. 

I was waiting for this.

Post: 1 years rent up front

Derick BonsuPosted
  • Investor
  • Washington, DC
  • Posts 93
  • Votes 54

As others have said just screen well but it's not an automatic no. I've accepted a full year before for a group of students. Their payment was coming from their loan. Different circumstances. 

I don't have experience with either but have you considered self managing? 

Post: Changing the Locks for a Rental Property

Derick BonsuPosted
  • Investor
  • Washington, DC
  • Posts 93
  • Votes 54

Hmm. For just $499 I'll buy the locks and change them for you. Seriously though, $500 is a bit much. 

Post: STR regulations for City of Jacksonville, Florida

Derick BonsuPosted
  • Investor
  • Washington, DC
  • Posts 93
  • Votes 54

@Nancy 

Well that's interesting. And as you said there's a boat load of STRs in Riverside/Avondale/Murray Hill.