All Forum Posts by: Grant Miller

@Odie Ayaga - thanks for thinking of me!

@Natalie Schanne - would love to make it but I have a conflict for tonight. Can you add me to your list for the next one?

@Account Closed - I lived in Lambertville since 1996 and invest in the local area. I have an active project in town that I am working on now. Happy to meet up so feel free to IM me or by email.

@Odie Ayaga - thanks for thinking of me but I've got enough on my plate at the moment!

Rob Stein Are you still cash flowing at the $1800?

Welcome @Rob Stein. I’m right down the road from you in Lambertville. Reach out if you’d like to grab a cup of coffee some time.

Is the owner resistant in providing? That may be a sign of something they're hiding?

I agree with @Cody Evans in that you want as much of the variable liabilities in the tenants name. Are the utilities split for the 2 units already?

I include sewer in mine since it can't be "split". Some utilities, such as sewer authorities, can put a lien on the property for unpaid balances so you probably want that one in your name. You usually can't split that one anyway since it's not metered per se.

You could always try to lock up the property with an offer pending inspections or copies of actual bills which would give you more time to figure it out. 

I’m working on a 2 unit BRRRR right now that was built in 1863! As long as you have a good understanding of the property and what to be on the look out for you’re basically just managing risk accordingly.

I would reach out to a mortgage broker and see what you can actually qualify for first. Once you determine how much you can afford you can start to look at properties in your price range. House hacking sounds like it might be a good strategy if you and your cousin live on one side and you rent the other.

I am in the reverse situation - purchased for cash in the LLC and currently listed for sale. I asked my accountant and he said we should talk and see if it makes sense to move the house into my personal name before selling. I have some long term losses Ive been carrying forward for a few years so I am looking to write off any profit against that if possible. I would recommend you meet wth your CPA.

I am contemplating a buy and hold deal in Hunterdon County vs one in Mercer County. I hear the process in Mercer County is pretty good based on a few active investors I've spoken with. Anyone have experience with evictions in Hunterdon County? Just trying to get a general sense.