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All Forum Posts by: Kyle L.

Kyle L. has started 3 posts and replied 8 times.

Post: Trying to sue in Denver for boiler issues

Kyle L.Posted
  • Investor
  • Alexandria, MN
  • Posts 8
  • Votes 3
My brother is dealing with someone trying to sue them for problems with the house that happened 11 months after they sold it. I just wanted to see if anyone else has ever dealt with something like this. Here is that back sorry. Home in Littleton Colorado was sold in July 2016. Before the home was sold the new owners had it inspected and they wanted the boiler services and cleaned. So my brother had it cleaned and the purchaser signed off on it. In May 2017 the boiler had a backdraft and the carbon monoxide detector when off in the utility room when off so they evacuated the home and called the fire department. The family ( mother/father in there mid 30's and 3 year old son) said they felt fine and no one vomited so they didn't go to the ER. Then 10-15 days later the mother and father went in and started seeking medical treatment for carbon monoxide poisoning. There was never anything mentioned about there kid. But now they are trying to sue my brother for $44k for damages and pain/suffering. My brother lived there for 6 years and never had a problem and it obviously worked fine for this new family all winter and now this happens. Any thoughts, ideas? They are also trying to sue my brothers realtor and their realtor.

Post: Minneapolis property tax

Kyle L.Posted
  • Investor
  • Alexandria, MN
  • Posts 8
  • Votes 3
Thanks everyone!

Post: Minneapolis property tax

Kyle L.Posted
  • Investor
  • Alexandria, MN
  • Posts 8
  • Votes 3
Running the numbers on a property in Minneapolis, Minnesota. Where can I go to find the current property tax?

Post: Newbie for Minnesota

Kyle L.Posted
  • Investor
  • Alexandria, MN
  • Posts 8
  • Votes 3
I have some friends in Naples, FL that have VERY deep pockets that are willing to invest significant amounts of capital with me once I have a proven track record of 15 to 20 units. But they want proof that I can earn my way before they are willing to invest a dime.

Post: Cokato Property

Kyle L.Posted
  • Investor
  • Alexandria, MN
  • Posts 8
  • Votes 3
I am about 1.5 hours away and would be willing to help too. Still learning in industry. Just let me know what I can do to help.

Post: Financing is not easy...

Kyle L.Posted
  • Investor
  • Alexandria, MN
  • Posts 8
  • Votes 3
I'm a newbie too. But I have found that most lenders are looking for 30% ARV. Having that added cushion we'll help if any hidden cost (they always do) come up too.

Post: Newbie for Minnesota

Kyle L.Posted
  • Investor
  • Alexandria, MN
  • Posts 8
  • Votes 3
I'm interested in buy and hold investing in central Minnesota. Currently saving for my 20% Down and I plan to get creative financing after I build a track record and get a few deals under my belt. I would love to meet like minded people in my area.

Post: Memphis Duplex Analysis - Is this a good deal?

Kyle L.Posted
  • Investor
  • Alexandria, MN
  • Posts 8
  • Votes 3
Ran the numbers and the look ok to me. But I'm a newbie. Is insurance really that low in Memphis($450)? I like to estimate 5% for repairs and maintenance.