All Forum Posts by: Steven W.

I've been using lease runner but I'm interested in switching if here is something better out there.

I recommend Amazon or EBay for the faucets and sink. Some very good quality products for lower cost.

Paul Flynn I recommend refinancing after the remodel and seasoning period and put the funds back into your HELOC. If you are not doing any remodel I recommend paying the HELOC off before your next investment. Not doing so may stretch you too thin and cause financial issues.

Tommy F. I hope I don't have to sell. It's still a strong rental market and my tenants have been living there for 10+ years.

Tommy F. Thanks for your very informative response. Knowing this is a C++ neighborhood do you think it would be worthwhile buying the land at discount after current owner bulldozes and clears them try to sell just the land for a few extra bucks? I don't know if anybody would want to buy it though.

Interested in sharing info on the property?

I recently bought a 10x10 granite countertop plus granite backsplash plus installation for under $1,500 at Home Depot. They even had multiple choices There are definitely deals out there and I prefer granite over laminate for a rental property.

James - I agree with you. However I may still be interested in buying it if I can get at a pretty hefty discount. I'm just curious if I would be able to sell it for market price afterwards.

I have no idea what I would pay for this. Even if I offered a dollar prior the house being bulldozed I might end up negative because I don't know the cost to bulldoze a house down. That is why I'm on here looking for advice from others with experience.

Hello BiggerPockets Family, I'm looking for your advice. I own a triplex in a C+ neighborhood. It's done very well with very little turnover and maintenance. Just a few days ago, the property next door caught on fire and half of the house burned down. Apparently the tenant's son charged his hover board and it caught on fire. Luckily nobody was hurt however I do know the owner and he told me he did not have insurance on the property. He told me he plans to bulldoze the home and turn it into a lot. He's older and retired so he is very interested in selling as soon as possible to recoup some of the loss. My question is should I make an offer on the property? Should I offer to buy it pre-bulldoze and just extend my lawn. There is no real reason for me to own it but since I have a vested interest in my property it would be nice to have some control over what is next door. My other option is to let him bulldoze and buy it after. I have no idea how much to offer him. I do know my taxable land value is only around $2500 but this is Shreveport, LA and taxes are kind of funny there. Let me know if I can provide you anymore information. I look forward to your input. Steve