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All Forum Posts by: Joshua Diaz

Joshua Diaz has started 3 posts and replied 264 times.

Post: Well I did it, I purchased my first rental property today!

Joshua Diaz
Posted
  • Rental Property Investor
  • Bronx, NY
  • Posts 269
  • Votes 165

congratulations @Rick Watt!  What a powerful start to the world of real estate.

May you do just as well or better in your next deal

Post: New(ish) Investor from New York City

Joshua Diaz
Posted
  • Rental Property Investor
  • Bronx, NY
  • Posts 269
  • Votes 165
Hey there! Official welcome to Biggerpockets!! As you have seen, this site is a virtual goldmine of information and connections. You should totally follow Darren Sager as he hosts meetups for us New Yorkers. I haven’t gone as far as you have but I recently bought my first property (duplex) thanks to the motivation given by the meetups. Hope to see you around and happy investing!

Post: Choosing the right garage to replace demo’d Garage

Joshua Diaz
Posted
  • Rental Property Investor
  • Bronx, NY
  • Posts 269
  • Votes 165

I also apologize but I don’t know how to add a picture of it.

Post: Choosing the right garage to replace demo’d Garage

Joshua Diaz
Posted
  • Rental Property Investor
  • Bronx, NY
  • Posts 269
  • Votes 165

Hey BP nation!  Forgive me if this is in the wrong section but I had a question about a garage I wanted to demo because it it leaning dangerously to the side.  

When I replace it, is it recommended that I replace with the same type or look of the garage I am demolishing?

It’s an old fashioned wooden barn style garage.

Post: The cost of being cheap on rental properties - share your story!

Joshua Diaz
Posted
  • Rental Property Investor
  • Bronx, NY
  • Posts 269
  • Votes 165

I haven’t owned a property long enough to start revisiting rehabs but these stories are gold!  Thank you everyone for sharing and I definitely won’t cut corners to save a few bucks.

Post: rent Increase sample letter to the housing department

Joshua Diaz
Posted
  • Rental Property Investor
  • Bronx, NY
  • Posts 269
  • Votes 165

My first tenant is on social services (Inherited) and the relationship is working out but I would be curious to know the procedure as well.  I was thinking a simple letter notifying of increase would be enough if all rules were followed while delivering it but never hurts to make sure.

Post: Umbrella policy or not?

Joshua Diaz
Posted
  • Rental Property Investor
  • Bronx, NY
  • Posts 269
  • Votes 165

I had just bought my first property(Duplex) in November and the first thing I did when getting the insurance was adding a 1M umbrella to it.  

After all the reading and research I have done and hearing stories of what could happen when it comes to lawsuits, it was a no brainer for me!

I also plan on limiting equity exposure too, as was already stated. What good is  equity if you never use it, right??

It definitely gives me peace of mind.

Post: Hi everyone! Officially new to BP

Joshua Diaz
Posted
  • Rental Property Investor
  • Bronx, NY
  • Posts 269
  • Votes 165
David Krainert Hey I started the same way where I lurked for a good while before finally pulling the trigger this past November. It’s awesome that you already got started. I wish I found Biggerpockets years ago as well. Anyway, welcome to Biggerpockets and I didn’t see anyone mention it, but Darren Sager runs meetups for New Yorkers. Wishing you all the best!

Post: First purchase after a long road

Joshua Diaz
Posted
  • Rental Property Investor
  • Bronx, NY
  • Posts 269
  • Votes 165

@Account Closed

Thanks so much for your kind words. I will do the best that I can!

Post: First purchase after a long road

Joshua Diaz
Posted
  • Rental Property Investor
  • Bronx, NY
  • Posts 269
  • Votes 165

@Andrew Kerr I was thinking of doing it like that but it’s good to have a second opinion on it.  I’ll keep that advice in mind thanks!!

@Mindy Jensen thanks Mindy!  It took a while but I said I would do it!