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All Forum Posts by: John Geldert

John Geldert has started 24 posts and replied 225 times.

Post: Can I get a HELOC on my vacation home in Pa

John GeldertPosted
  • Rental Property Investor
  • East Meadow New york
  • Posts 232
  • Votes 95

@Rusty Scott 

Thanks I'm going to start making my phone calls this weekend. Anyone know if the process takes the same time as a refi?

@Brandon Turner 

Great webinar! Took tons of notes, looking forward to a very successful 2015!

Happy New Year BP

Post: New member from Southern California

John GeldertPosted
  • Rental Property Investor
  • East Meadow New york
  • Posts 232
  • Votes 95

You came to the right place @Moises Turcios ! Tons of information for you to enjoy... Good luck on your journey!

I'll be there @Brandon Turner! As others have said I plan on making 2015 a profitable year in the real estate market.

Post: Can I get a HELOC on my vacation home in Pa

John GeldertPosted
  • Rental Property Investor
  • East Meadow New york
  • Posts 232
  • Votes 95

@Laura Williams Thanks for the info! Does anyone else know the best way to go about getting this done?

Post: Newbie from NYC

John GeldertPosted
  • Rental Property Investor
  • East Meadow New york
  • Posts 232
  • Votes 95

@Carl C. 

Welcome to Bp, I'm also in Ny investing right now in PA. The NY market is too expensive for me at this point but one day would love to get involved. Good luck with all your ventures!

Post: What A Condemned House Looks Like Before and After

John GeldertPosted
  • Rental Property Investor
  • East Meadow New york
  • Posts 232
  • Votes 95

@Jeremy Tillotson 

    Well done! You mentioned the rehab only cost 10k and you used your own employees, so  is that number for material only?

Post: Tree Removal

John GeldertPosted
  • Rental Property Investor
  • East Meadow New york
  • Posts 232
  • Votes 95

@Andrew S. 

No I was not exposing my tenants to "risk of life and limb"! I HAVE MORE INTEGRITY THAN THAT.... Had two professional tree inspectors look at the tree and assure me the tree was in stable condition also noting that due to the grading of the property the tree would fall away from the home, not to mention the tree was almost 50yards from the house.  It's located on a "wooded" lot with another 25 trees in proximity. I did have the tree removed, only to go back and find the tenants now park additional cars in that space, maybe that's just a coincidence.... But thank you for chiming in on this forum!

Post: Open houses in Stroudsburg Pa

John GeldertPosted
  • Rental Property Investor
  • East Meadow New york
  • Posts 232
  • Votes 95

I have been researching the East Stroudsburg area of Pa and cannot find any upcoming open houses. Do agents do open houses in this area or is it just the down season in this market?

Post: Tree Removal

John GeldertPosted
  • Rental Property Investor
  • East Meadow New york
  • Posts 232
  • Votes 95

I had the same situation with a tenant, concerned about a tree on the property in which the roots were compromised. I thought if the tree hits the home my insurance would cover it and I would get a new roof out of the deal. But since he notified the property management company about his concern I knew I needed to take action. If I neglected to do something and the tree did come down and injure someone I could be held liable since I was told about the situation. It ended up costing me $450 but also insured me peace of mind!