All Forum Posts by: Felicia Richardson

@Felicia Richardson  just go without and see how it goes.  Be upfront in your ad.  This is a dealbreaker for some people. I have units without washer and dryer and they rent fine but I found myself showing to people who really wanted the washer dryer way too often so I do put that in the ad and review it again on talking to them.   It will help you with a lot of people who will waste your time.  Also know where your local laundromat is and what the pickup/delivery service is. I would not credit for laundry, I would price in line with not having a laundry if other units do.

If you have the electrical capacity and the drain I would spend the $1600-$1,800 to buy the MUCH nicer ventless GE or LG all in one units. They are full size and yet still run off 120v and just need a water source and drain. 

It seems like you’d get at least an extra $100/mo and it would pay for itself. Or maybe you fill the unit a month faster and it pays for itself. Otherwise you take your chances with nothing. But I wouldn’t use that portable unit. 

I assume you;re talking about a model like this? https://www.amazon.com/BLACK-DECKER-Washer-Display-Cycles/dp...

That's a pretty small unit. $1100 for the unit ....do you have an outlet already available that will handle the extra amp draw? And a drain within reach of the standard drain hose?

My thought is that it's too small except maybe for a single person, and it takes a long time to dry with those ventless models....I'd either go with a real stacked unit or just tell them where the Laundromat is.....

I agree. List as is.

I would just list as is. If you find it difficult to rent then you can always explore the credit option. Personally I do not like providing appliances for tenants as the repairs and headaches start adding up.

Hi BP Fam!

2025 is approaching fast, and I know many of us have already started our business planning for the year ahead. I’m curious—what markets are you looking to enter or expand into this coming year?

I’m focused on growing my portfolio and have my eye on a few markets. I’d love to hear where you’re investing and why you chose those areas. If you have any insights or stories to share about the markets I’m considering, I’d greatly appreciate it!

Here are the markets I’m exploring:

• St. Louis, MO
• Killeen, TX
• Waco, TX
• Topeka, KS
• Tulsa, OK
  

Looking forward to hearing about your plans and experiences!

Breeya Johnson

 Ahhh, that makes sense. Apologies - I hadn't realized you had cross-shopped between AgSouth and Vystar for the same loan prod. 

And Vystar wanting the land and the construction to perm makes a lot of sense given the terms they're offering. They want something with a profitable recourse would be my guess. 

Thank you so much for sharing! I do land acq. and construction loans everyday so if you have any q's when you get close to breaking-ground, let me know! 

We don't lend in Georgia, but I'm always happy to look at numbers. 

Do you know what the Loan office with AgSouth meant by 25% down? Is that 25% down on the total construction costs when you choose to break-ground? 

 Of course! And consider me shocked! Even for a credit union that's pretty aggressive, and at a high level, seems like a great deal. 

Out of curiosity, what are your plans for the land?