All Forum Posts by: John Caleb Pavlus

Mica, for my W2 job I’m an estimator / roofing consultant.  Generally speaking if you got 20 years of life on a new construction home you did well.  Homes are roofed with builders grade shingles like Pabco , IKO , and GAF. 

Those shingles will not last nearly as long as a Malarky or CertainTeed shingle. 

Reroofing now could save you a considerable amount in plywood expense if you were to wait. 

Remember what’s cheap isn’t good & what’s good isn’t cheap. 

Who is your favorite syndicator / private equity firm that makes acquisitions in Texas? 

BP,

I am trying to wrap my head around the Federal Moratorium.  Is the federal government going to pay us (landlords/rental property owners) back for all rent not paid during COVID due to the institution  of a federal moratorium? 

Seems like a longshot ... but is it so unreasonable of an expectation? 

~Caleb 

@Alyssa Dyer, @James Mcsweeney, @Jaquetta T Ragland, @Theresa Harris, @Alex Corbishley

All -Thank you for your responses.  Apologies for my delayed response.

Now that the moratorium is federal have any of you seen any aid for us who own rental properties -  Will there be any federal assistance (money) where the government pays us back for the tenants who didn't pay (and won't pay) their rent during COVID? 

Thank you!

~Caleb 

@John Underwood, @Shane C., @Theresa Harris 

Thank you all for your responses.  The moratorium in Florida does not end until Sept. 1st. 

Theresa, did you set up a payment plan for them?  Also, are you threatening eviction right off the bat or are you just letting the lease end and not renewing in hopes that you will be able to get some money out of them.  With low income rentals I know that if I evict them then I'm not going to see any money at all. 

Thanks all.

~Caleb

BP,

I have a couple tenants I can't evict during COVID who haven't paid in quite some time. What is your approach? How are you handling it?

Thanks!

~Caleb

@Stephanie P., Thank you for responding.  I realize that I didn't get back to this post.  I'm familiar with 80/10/10, 5/1 ARMs, and conventional but 9, 10, 11 buy down is a new one on me ... which actually doesn't mean much as I am relatively new to all the different loan products.

Thank you for taking the time to respond. 

I would say that my business partner and I have a pretty good mortgage broker, but he only deals in conventional.  

Appreciate you taking your time to respond. 

~Caleb

@Jim Spatzenfeld, This is great information.  I'm not familiar with Visio or Lending One so this is fantastic.  I've basically been exposed to the conventional lending and then I've been calling local, small banks so knowing about these are great - thanks so much!

~Caleb 

@Stephanie P., thanks for the response.  Have you found a portfolio lender that offers low interest, fixed terms? 

~Caleb

BP,

Curious who you are working through to cash out REFI your properties that are part of an LLC. What terms are you being quoted?

Thanks!

~Caleb