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All Forum Posts by: Ed O.

Ed O. has started 65 posts and replied 643 times.

Post: How to Save Thousands on Cabinetry Cost

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 685
  • Votes 335

@Cody Caswell

Thanks for this info Cody. I'll look into it!

Ed

Post: How to Save Thousands on Cabinetry Cost

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 685
  • Votes 335

I sure am thankful I'm not in California!

We get our cabinets through.the box stores. They work well for the houses we work in 100-500k. I might try Rta s again in the future. 


We get granite for around $40/ft installed from a local shop. 

Can you speak on how you source granite slabs cost effectively? I have heard about low cost granite / stone, i just don't know where to get it. 

Thanks!

Post: Has anyone had a successful tenant eviction in Union City NJ?

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 685
  • Votes 335

I can't speak for your area. 

If you do not regularly file for evictions, you'd best retain an attorney.  See who represents owners frequently in your jurisdiction and get set up with them.

Post: Reasonable Construction Loan Terms

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 685
  • Votes 335

If you're capable of getting funding from a bank, those terms are terrible. If not, I'm not sure. 

is this from a hard money lender?

Post: What Do You Think Of All Of The Reverse Trolling in the Forums?

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 685
  • Votes 335
Quote from @Ned Carey:

It is harder to find good information if the forum is cluttered with low value information. 


 Couldn't be said better. 

Additionally, it drives people away from the forums. 

Post: What Do You Think Of All Of The Reverse Trolling in the Forums?

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 685
  • Votes 335

The reverse trolling and self promotions are lame. Lot's of "look at me and here's why I am great" posts too. 

It really seems like the forums have been off for the last few months I've been reading them. 

Mostly gone are the contributors like the ones in this thread: lots of posts and lots of votes. Forums seem heavily loaded with newbs or takers - 20 posts for every vote type ratios... 

Not sure where everyone went.  

Post: Land development in Mapleton/springville

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 685
  • Votes 335

This sounds like a terrible deal, but not much info in hand. If we were to split like this on our current development, our engineers would collect 25 to 35 times as much as we paid them on a straight up fixed cost contract. 

I would probably find another engineer. Apples to apples, they appear opportunistic and taking advantage of someone who is green. 

PS: If you find out where all of the developers post on forums (aside of the 5-20 at bp) please dm me. Thanks

Post: Investor-Friendly Agent referrals in St Louis MO?

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 685
  • Votes 335

It would be extremely unwise to buy in st louis without personally visiting the property.  There's plenty of turn key people selling in war zones that bp'ers are drawn to. 

Post: STR to LTR - is it possible?

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 685
  • Votes 335

Thanks for the response Kristin. 

I found this on their web site:

Our company Tax Alchemy provides tax planning and implementation services as a flat rate fee based on the tax strategies needed to reduce your tax bill. This can range from as little as $12k up to $150k. At our parent company KDA inc. you may inquire about tax preparation services.


Post: STR to LTR - is it possible?

Ed O.
Posted
  • Investor
  • Statewide, MO
  • Posts 685
  • Votes 335

@Kristin Solbach

"We hired a tax advisor and were told to get an STR this year to help offset our taxes with the STR loophole... One Cost Segregation Study is included in our package with the Tax team as well"

Curious - which advisors are you working with and what are they charging for the consult and single cost seg study?