All Forum Posts by: Dennis Jayy

I am looking for a four plex or possibly two of them or one and couple of duplexes and ect.

I want to be close to the ocean.  Can start at Stuart and go down toward Miami but not interested in Miami.   Also can consider coast on West side from Hernando  on down.

Can consider if larger complex.

Location is utmost and then rental history.   Will consider larger complex up to 1mil and one needing remodeling if all else is great?

Sounds like the market value is different than you think it is.     If you had one set for a year with no income and then did repairs and ect I would think you should figure out how much you are loosing or have lost , so far, if any.

This might make them look different to you. Perhaps it is time to think about really getting rid of them instead of  looking for a profit.  Perhaps  looking at the real value would be a better solution and then see how you can get out of them using those figures.  

It might be better and quicker to take a loss and get rid of them and save your credit for the next ones.

The TK man said you could expect a tk person to want to get 15k if they sell them for you or take them over so I would use that as a short guideline as to price possibility and look at trying to sell them 15k less than you are in them or something like that.  Using a Realtor will cost you around 10% and time and probly still have to sell at a lower price.

Maybe the tenant getting a lawyer involved is good also for you. Try sending a taxi cab to the residence with a message and explanation of the situation and the tenant will call you and perhaps the two of you can get it settled.  I have used taxi"s a lot over the years for deliveries, taking pictures, delivering messages , papers and ect.    Haven't tried the Uber thing. Maybe it will work better/

I suggest you use the name and address of the Pm so others can be noticed.   I suggest your mother get out of this house and look on Kona for a good rental house. Lots of them there.

I agree with Ewa reza above. I think your not really looking in your area very good and or have not found anyone to really help you look.   I would try hard to find something where you are going to live first. You can live in it or manage it yourself.  Even if you have to do some repairs later  perhaps you can  find a smaller house that will be adequate that you can get into.  Probly should talk to MArco, above,   also. 

It is easy to buy out of town but that comes with a lot of potential pitfalls and up front you loose 8-10% to a PM person- good or bad

IF you are trying it is not uncommon to have lots of them  (fall) out of escrow! Take it as a good sign.

Are they 6 houses or apts or ?

I did  that once to a big house built on slab with all heating in the floor. Layed new piping and poured a new 1in, cement floor. I used the type that is self leveling, fireproof and sound proofing . It is used a lot for second flooring to stop noise and ect and works great.  I suspect it is not feasible in a small house. Doors are not to much of a problem to raise them.

Also did one where I cut the cement floor and dug down and put  new ducking in the floor and new heating system in a closet. Worked great, but again a large house.

I would really look at putting in a new system , above ground. You can usually find a route to put in duct work or perhaps build runs on ceiling or walls that look nice and hide the ducts. Ducts can also be put outside, in attic and ect. You can even put them in the walls in the existing wall system.

Chances are the old pipes in the flooring are copper or steel and the chemicals in the cement  use to work on corroding the pipes over time.  Most of the old systems  put the pipes in direct contact with the cement.

There is also the possibility of installing electric in wall heaters with fans and thermostat. Not the most efficient but with a good insulated house and windows, not to bad.

Why not ask a local attorney that does real estate work.  I suggest you write a letter to the city attorney and they will look into it and you will probly get some referrals or directions as to what to do.   Also the state attorney general is a good place to send letter as they are more into the criminal aspect and they do like to look into things like this.

Why not publish the PM"s name and info here.

In Florida , especially , is the issue of flood plain. 

I am looking at a mobile home park in Warren Ohio. Any feed back as to location and ect there?

Like to touch base with investor- in Vancouver, Washington