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All Forum Posts by: John Patton

John Patton has started 9 posts and replied 301 times.

Post: What's the typical lease missing that you've added to yours?

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 204

@John Ringgold

I retain 50% of the deposit for redecorating expenses for the last

11 years. Good luck.

Post: Did I do something wrong? ATL, Ga Deal Analysis (awful returns)

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 204

@Damien Lee

You can buy a brand new all brick Sfh in Calera Alabama for under 185k. Rent about 1200-1300 month with no maintenance for 10-15 years.

I did 3 years ago. Bought 150 k and value 180 k today. Taxes and insurance are about $2200 year. Taxes and insurance for my Birmigham homes valued at 88k each with taxes and insurance $2100 a year.

Good luck.

Post: Looking for Investors in Birmingham Alabama

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 204

@Javontai Shamburger

I joined the Alabama Real Estate investor group around 2007. I learned a lot. Call Jack Ayers. He runs it. Good luck. www.Aia club.com.

Post: Cost of 1031 exchange Alabama ?

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 204

What is average cost of 1031 exchange cost in Alabama. Thanks

Post: Buy or sell with this all New Democratic government ?

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 204

I have just listed a house that I have owned since 2011. Value is about twice what I got into it including 2 rehab new appliances and 3 year old a/c unit.

The area is c area headed south. I am eyeing a steady c+ area that already have a unit last 8 years.

Any thoughts?

Post: Legal entity Nevada LLC/Wyoming LLC/Alabama LLC

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 204

@Jay

Just google her contact info up. She lives in Jemison Alabama

Post: Legal entity Nevada LLC/Wyoming LLC/Alabama LLC

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 204

@Jay Sheth

You need to ask Denise Evans. She is the authority on Alabama real estate law. Good luck.

Post: Local-specific Probate details to know about?

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 204

@Sean D

You need to ask Denise Evans. She is well worth the money to take her classes. Good luck.

Post: Tax lien certificate

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 204

@John Patton

Follow the county schools

Post: Tax lien certificate

John PattonPosted
  • Investor
  • Birmingham, AL
  • Posts 315
  • Votes 204

@Chanel Hill

I got rid of my property in bessemer 8 years ago. Went to Hueytown. Big difference. I also like pinson and clay chalkville out your way.