All Forum Posts by: Jim G.

Thx @Joe Funari for the referring.  

I am looking for a good PM in North Dallas, Frisco/Mckinney Area.  I've been with current PM for 5 years now and cannot stand their overcharges of maintenance anymore.  

If you are living in TX and want to invest in TX locally, yes, go for it. If you are OOS and have chance to invest either in TX or AZ, then I suggest to AZ. I have SFH in both of these states, AZ is much better. Property tax in TX is a killer.

Real estate investment is a long game and leverage. If the goal to invest in real estate is to quit a w-2 job, I don't suggest you doing this in early stage of your investment. May be you could think this in later time, when you accumulated enough wealth. For leverage, you need your w-2 to get loan to support your next investment. If you don't have a w-2 job, as mentioned by a lot of people in this thread, it is hard to get loan to support your investment. At early stage of your investment, you need to get maximum leverage. I've been doing SFH investment in last 20 years, with half of properties in bay area and rest scatting around sunbelt states. I was lucky that invested heavily when/after great recession. Although I've accumulated quite a bit properties, from highlight, my only regret is that I wasn't leverage enough. Again, don't give me fool, my experience only apply to 20 or 10 years ago, when 1% or 0.5% rule were still working. Now, I don't know. I still don't know how to deal with my existing holdings which is equity rich and cash flow poor in current market value standard.

Thanks @Cecile Silver and @Bill B. for the info.  I will make search later.

Don't remember when, but probably a few weeks ago, I heard a youtuber visited a new built SFH (problem 4 /2.5 main house with an attached ADU (1 bedroom unit with its own kitchen and separated entrance). But I just cannot remember the builder name and the locations of these SFHs. Do you know any Builders/locations of these type of SFH?

Thanks very much.

Thanks very much @Mary Margaret Bryant@Tony Wilcox@Bill B..  Having talked with the lawyer that @Mary Margaret Bryant referred, seems I don’t have a case here.  I need to find a good and reasonable priced roofer and go ahead to replace the roof.  If you have anybody in mind in Orlando area, please refer.  Oh yeah, if you have a good PM, I open to change the agent.  

The SFH is located in Orlando, FL which is normally not a place to hit hurricane often. The SFH was built n 2005 that means the roof is 17 years old. When the hurricane Ian came, though it reduced the force when it reached Orlando, it still blew away a few shingles that estimated repair cost around $1k.

Under the advice of PM, I claimed the insurance. The insurance gave term of replacement. Since it only covers the cash value and if add up the deductible, I only got total $2700. My SFH is about 1800sf single floor. $2700 obvious is way short to cover the replace of the roof. So I would consider to repair.

My question:  did I violate the term of this claim if I do the "repair" not "replace"?  In the end, it is my money.  What the insurance can do to me?  Would the same insurance refuse to renew next time if I do "repair"?  I've talked to the adjuster who was handling my claim.  She seams don't care whether I do "repair" or "replacement".  However, when I called the insurance agent he said I need to go with "replacement". Otherwise the insurance company won't renew.  Would I have trouble to find another insurance if this one refuse to renew?  Frankly, I only paid the premium w/o making claim in past 10 plus year on this house.