All Forum Posts by: Jef A.

I am at a point where I can pay off about 200K on a mortgage for a property that is worth 500k. I am struggling with the idea of whether or not I should pay off the property and then buy something else and slowly pay that off. I have already paid off another house and rent it out and that felt good so I wanted to do the same thing with the townhouse I am in. 

Also what are the fees associated with selling a house...I suspect the real estate agent gets 6-8% (which is ALOT in my opinion). What other fees would I have to deal with to sell the property? Is there a tax for the sale of the property? 500k sale price minus agent fee of 30-40k is a lot to me so I am wondering what other fee is on top of that....is their another tax I have to worry about?

@Chad Acerboni - I have chased a couple opportunities but haven't closed on anything yet. Still in the phase of finding a deal that makes sense for me.

good idea...thanks

What options are available for granite counter tops that are being replaced? I am remodeling a kitchen that has nice granite countertops and was wondering if there was companies that repurposed the counter tops in any way. Hoping that I can sell the counter tops for $$ instead of throwing them away. 

Thanks i was thinking this was too expensive also. i will get another quote.

I have been told that my air conditioner "The system unit needs to have Freon up to 8lbs to 9lbs and replace Coil Condenser. Total cost repairs would be $3800.00 " Does this sound right. The house was built in 2004 and is 1900sq ft. I asked for a quote on how much it would be to replace the air conditioner also and below is the break down. Does this seem accurate?

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Below is the quote for fixing the airconditioner by replacing coil and condenser.

4ton Rheem/Goodman Brand

new coil and condenser

10 yr warranty 1yr labor

new condenser pad

new wipe

1gl mastic

roll of silver tape

new condenser pad

roll of silver tape

pvc coupling

copper fitting

condenser switch

pan

new t(stat)

Cost: 3800

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replacement option 1
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Carrier Brand Full System

20yr warranty furnase and coil condenser

10yr warranty A/C

replace break outside

new condenser pad

roll of silver tape

pvc coupling

copper fitting

condenser switch

pan

new t(stat)

Cost: $7500

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replacement option 2
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Rheem Goodman Brand Full System

20yr warranty furnase and coil condenser

10yr warranty A/C

replace breaker outside

new condenser pad

new wipe

roll of silver tape

pvc coupling

copper fitting

condenser switch

pan

new t(stat)

Cost: $6800

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 I do have a w2 job today so i can't be fully hands on but plan on using the same property manager that i have for my rental now for any additional rentals. I am trying to position myself now to use my w2 income to put me in a position to quit in a couple years after i make the right investments and then i can devote 100% of my time to my business.

 yeah i have been keeping my eyes open for a 4 unit. I need to find a better source for those types of properties.

I have paid off student loans, my house, credit cards, car and have 100k that i would like to invest. I have been looking into carwash, storage units, multifamily rentals, and other ideas. I would like to find multi family (5+ units) to invest in i just dont know how to find the deal or structure it.  I am interested in how others would invest 100K today if they had it?

I am in georgia.

@Mitch Messer yeah i did a lot of searching and contacted the city but it was unclear on when it would be sold or what the status of the home is. I have been chasing the children of the original owner to try to negotiate something