Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: N/A N/A

N/A N/A has started 1 posts and replied 4 times.

Post: New to the Board

N/A N/APosted
  • Posts 4
  • Votes 0

Found this forum a couple of nights ago in the wee hours of the a.m. Very helpful folks and info.

I'm relatively new to investing. I own one SFR that I rent out, my first / former home. I also own my residence and will either rent it out when I fininsh the rehab project I close on (purchase) tomorrow or rent out the rehab. Then it will be on to the next project - I like the rehab tack, so probably that.

I hope to grow into bigger properties, multi-units, but for the forseeable future it will be SFRs. One step at a time.

I have a feeling I'll be back here, many, many times, asking questions or just browsing, soaking up the knowledge and experience members so generously share. I've joined my local REIA and have met a couple of people there who may? become instrumental in my ventures as I move forward.

Sorry I didn't stop to introduce myself before jumping onto a board to join a thread that had some relevance for me. Thanks for providing this place and for giving of yourselves to help others of us along!

Kelly

Post: what would you do?

N/A N/APosted
  • Posts 4
  • Votes 0

Beachbum,

Hmm... reversible method. I will definitely be reselling but not in the short term. That's a couple of years out. Have to hang on for a bit to get state & fed tax credits for rehabbing this qualifying historic house. Folks here would die if they found out what I'm putting into it. Even I think I'm nuts, but the lot adjoins a property I already own and in it's current condition the vacant, vandalized, dilapidated house needing rehab is affecting not only my property value but the neighborhood. It's been tied up for years but I got lucky and found a way in. It's not a losing proposition, that, the subject to appraisal confirmed, but it is a bit more than a sane investor might get involved with.

Reversible method.

Water feature.

Any other creative ideas anyone?

Thanks!

kelly

Post: what would you do?

N/A N/APosted
  • Posts 4
  • Votes 0

John,

Ugh.

Point taken. ...Yeh, evil, that describes me.

Geez, is there any way around this?

Gas logs? I know, fire is fire.

Much to consider.

Thanks.

Anybody else have working FPs in a rental? How do you CYA?

Kelly

Post: what would you do?

N/A N/APosted
  • Posts 4
  • Votes 0

I'm also relatively new to the residential RE game. This question about fireplaces may become relevant as I head into my first big rehab - older historic home, 4 fireplaces currently blocked which may or may not become functional. Insurance in place, is it feasible to insert a clause in a Rental Agreement stating that for example, "Tenants agree that they will bear full responsibility for any damage, whether through negligence, deliberate act or accident, occuring from fire in any fireplace the determination of which shall be concluded forensically through municipal/county/assign-your-jurisdiction fire inspection" or something of the sort? Is that enough CYA? Or is there opinion that this is laughable, and wouldn't fly under any circumstances? Thanks for any input.

Kelly