All Forum Posts by: Kelly Zingarelli

Hello BPers,

I just picked up a quad where the units share a coin-operated washer and dryer that keeps breaking - (ex. Washer won’t start when coins inserted, coins won’t insert). It is located on the 2nd floor back porch (enclosed in a shed), so is also affected by its environment. There are probably several reasons for it breaking and not sure what I can do to help the problem. Water is not separately metered and is included in the rent, so I don’t think switching to non coin-operated machines is the solution... don’t want to encourage misuse of the water and how many times they run the washer. What do other landlords do when faced with this issue?

@Brian B. - Sounds good, looking forward to seeing you there! Here are the details on the next meetup (Feb 2nd): https://www.biggerpockets.com/forums/521/topics/663769-central-florida-real-estate-investment-hub-meetup

@Rijm D. - You should be able to pay back the entire balance (principle + interest) the next day. Then just keep the account open with $0 drawn out until you have found a property to purchase. I would check with the branch to confirm this is allowed.

@David McKee - There is a BP meetup in Orlando that meets monthly that I recommend you check out. Our next meeting is Saturday and is a goal-setting meeting. You can message @Bernadeau C. To get added to the group and get the details on the meeting this Saturday.

@Cristian Aviles-Morales, December 1st and the location is off Sand Lake Rd near John Young Parkway. Message @Bernadeau C. To gwt added to the group and to get the meeting details (time and exact location) as I don’t have them with me at the moment.

@Spencer Dalberth - be sure to message @Bernadeau C. to be added to the BP Orlando meetup and to get the details on the meeting if you haven’t done so already. We are setting goals to be held accountable for throughout the year 😊

@Spencer Dalberth - There is also a monthly BP meetup in Orlando. The next meetup is Dec 1st. Topic for this specific meeting is creating our own 2019 investing goals, and deciding what topics we want to cover/experts to bring in for 2019 meetups. @Bernadeau C. Can get you added to the group and give you the meetup details if you want to be there 😊

@Andrey Gorokhovskiy Have you considered a HELOC on the rental property to pull the equity out? There is another post out there talking about banks who do HELOC’s on rental properties.

is this still available?

Hi Dillon - is this still available?