All Forum Posts by: Joy Abia

@Julie Marquez wow! wow! great story if only all divorces could be that amicable. No expensive legla fees, just two people who appreciate and respect each others contribution over the years.

@Anastasia Jordan I am so feeling you. Why on earth do people get legally married in the first place? However, if 2 people live together for a few years, there are still legal issues when there is a split. I dont know the exact number of years.

JOY

@John Casmon

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@Ryan Dossey thanks. I finally voted :-)

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Originally posted by @Dan Vleck:

I have never paid someone to "maintain" a furnace. A tenant asked me to have a furnace checked because she has lived there 2 years and it hasn't been " serviced". I didn't do it and I don't know why you would. My thought is just fix what breaks. Curious what others think of Maintence Plans.

Your tenant does replace the filter I hope? My HVAC maintenance guy advices maintenance every 2 yrs.

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Originally posted by @Kyle Hipp:

You did look at the house before you put an offer in and saw the furnace. As long as it is in working order, I do not see what grounds you have to get a replacement. It also sounds like you are already looking to counter back if the seller says no. Seems like a lot of Hassle. You should be able to get a small HVAC company to install a quality product for a lot less than $7,000+. Just have cash and save a ton. All of the places that I have seen that offer financing, even 0%, also charge at least $1,000 more than necessary per unit....

lastly, I like buying properties with old working furnaces. They are quite simple and tend to last a long time. Worst case I spend $1,900 and have it replaced. The best part then is the energy efficient savings. So when you ask for him to pay for new equiptment are you also going to adjust the current price up for that value and the energy efficiency savings? Just some food for thought. Love to hear how it plays out :)

"Worst case I spend $1,900 and have it replaced. The best part then is the energy efficient savings."

Are you saying when you replace a furnace you have energy efficient savings?

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@Joe Villeneuve what's a triple net lease (NNN)?

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@Rishi Ramlogan today I deactivated my Facebook account, and chose to be more active on BP. The quality of discourse here makes it worth I like your analysis of the active involvement needed to make real estate investment work. I own two rental and I think about the issues you bring up quite a bit.

I manage my properties myself and have a full time job. I dont intend to pay down my loan anytime soon as I expect to always have tenants to pay this down. One of my houses has required a lot of maintenance expenditure this year. I hope I will start to reap the returns of my investment by next year.

Anyway I am going to spend a lot more time on BP to understand how the high rates of returns are achieved. Thanks for posting this, your points are worth mulling over.

JOY

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@Ryan Dossey @Joshua Dorkin how does one even vote? I am reading a great thread and I want to vote but dont know how to..

JOY

2 Votes

All Forum Posts by: Joy Abia

Joy Abia has started 10 posts and replied 40 times.

Post: Clayton Morris is suing James Wise

Post: Licensed Structural Engineer?

Post: Buying out of state

Post: Investments and divorce?

Post: Can't vote?

Post: HVAC system 30years old. Should I ask seller to replace?

Post: HVAC system 30years old. Should I ask seller to replace?

Post: REAL return on real estate is MUCH lower than many claim here

Post: REAL return on real estate is MUCH lower than many claim here

Post: Can't vote?