All Forum Posts by: Lynae Chambers

I am *really* missing rboyapps now that it's gone away. I've been playing with Aurmur this morning, but it doesn't appear to support integration with OwnerRez. If anyone has another suggestion for automated lock activation/deactivation, I'd love to hear it! Bonus points if it works with SmartThings and doesn't require a subscription...

This thread came up today when I was searching for a master lease for doing short term rentals. Does anyone have any recommendations or templates yet? So far, the only one I've seen that is probably decent is one that is for sale on Etsy (so I therefore haven't actually seen it in its entirety yet).

Thanks!

Hi,

I have a rental in Titusville that my sister lives in. Tree roots have gotten in to the main sewer line and blocked it up. We've gotten the block cleared for the moment, but the company they called (Roto Rooter) quoted $9k (!!) to replace the line in the front yard. I'm hoping to get some recommendations from investors on this site as to whom I should call for a more reasonable price with good work!

tl:dr - need a sewer line dug up and replaced in Titusville and I live in Denver and need recommendations

Thanks!

Lynae

Hi Max,

Are you still working in the Titusville area?

3 of us here so far!

Hello,

I am rapidly getting to the end of closing on the most fixer-upper property I've ever purchased. One of the biggest things I'd like to get done before winter is to get the outside fixed up. It has old asbestos siding on it, half of which has been covered over with stone. I'm hoping for some recommendations for a contractor who could both fix the places where the stone has fallen off or needs repair, as well as cover the remaining siding with vinyl or something similarly accepted for sealing asbestos siding. There are gaps and cracks in the siding going into the attic, there are repairs to be made to the eaves and areas around windows (plus almost all of the windows need to be replaced). The property is currently tenant occupied, and is one where the landlord pays the utilities (multifamily). So getting all of this done before winter would be ideal! 

Any recommendations are greatly appreciated!

Thanks,

Lynae

Ahhh, just saw this. I definitely would've considered going, since I've been doing AirBnB for 5+ years now. Next time, maybe.

I would guess I would have to at least narrow down what state to buy in before starting on the funding, though, wouldn't I?

I've been investing in a few SFHs for years. I decided, about a year ago, that I wanted to take my investing to the next level and get an apartment building. I've been trying, off and on, to figure out how to do that ever since. (Had some time eaten by little things like planning and having a wedding, buying a house with my fiance / husband, moving, changing jobs, etc.) So I'm back to it and itching to get going. My research finally led me to discover BiggerPockets and its wealth of knowledge. I read the 7 Years to 7 Figure Wealth eBook, and it looks like I'm basically ready for year 5, my first apartment building. Even without selling anything, I have:

~ $100k cash
~ $140k HELOC

I've heard about moving IRAs into self-directed accounts, and then partnering with them through an LLC. If I were to do that, I would have access to another ~$250k.

My questions are these:

1. In Denver (where I am), I could only get maybe a 4plex for $1million, not nearly the 24-plex that 7 Years to 7 Figure Wealth describes. Do any of you have recommendations as to areas I should consider, and if so, why?

2. I've heard that if I go the route of using my IRAs as funding, I would not be able to consider a commercial loan, as banks typically won't loan to LLCs. Is this true? What would be the advantages and disadvantages of using self-directed IRAs? I'm fine with going a bit smaller for now and trading up in a few years, if there are advantages to that, but I'm also fine with jumping in with both feet now.

3. How do I go about finding my dream deal, once I identify what my dream deal actually is? What sites should I be frequenting, what network connections should I be making?

Thanks,

Lynae

I would also be interested in getting into multi in Indy.