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All Forum Posts by: Marc Donovan

Marc Donovan has started 4 posts and replied 33 times.

Post: no deposit for section 8?

Marc Donovan
Tax & Financial Services
Posted
  • Accountant
  • Woodland Park, CO
  • Posts 39
  • Votes 10

I noticed a lot of my fellow landlords in my area are not requiring a deposit for section 8. What is the thinking behind that? Do these tenants treat your property better? Is it because section 8 people don't have cash? Anyone here do that?

Post: Trafficmaster Allure Ultra Wood Vinyl Planks

Marc Donovan
Tax & Financial Services
Posted
  • Accountant
  • Woodland Park, CO
  • Posts 39
  • Votes 10

I am searching lumberliquidators.com and do not find anything named Allure. Did they change the name?

Post: old 2 prong outlet question

Marc Donovan
Tax & Financial Services
Posted
  • Accountant
  • Woodland Park, CO
  • Posts 39
  • Votes 10

You can install ground fault circuit interrupter GFCI, which will trip if there is a short. In order to be legal, you need to label the GFCIs with NO EQUIPMENT GROUND labels that you can get from the electrical supply store.

Post: Self directed IRA questions

Marc Donovan
Tax & Financial Services
Posted
  • Accountant
  • Woodland Park, CO
  • Posts 39
  • Votes 10

@Steven Hamilton, I cut/pasted exactly from my email. That's how he replied to me.

Post: Self directed IRA questions

Marc Donovan
Tax & Financial Services
Posted
  • Accountant
  • Woodland Park, CO
  • Posts 39
  • Votes 10

You don't need to hire a licensed plumber to snake a drain. Put an ad on Craigslist and you will get a list of folks with snakes and a pickup.

The alternative is to buy stocks, bonds or commodities. I think the choice is a no-brainer unless you are a whiz at stocks.

Post: Self directed IRA questions

Marc Donovan
Tax & Financial Services
Posted
  • Accountant
  • Woodland Park, CO
  • Posts 39
  • Votes 10

Here is what my attorney told me:

Post: Intro From Dallas

Marc Donovan
Tax & Financial Services
Posted
  • Accountant
  • Woodland Park, CO
  • Posts 39
  • Votes 10

Just bought a house in Dallas last week. Seems to me to be one of the best markets in the USA for cost/rent ratio.

Post: GoSection8 and yard signs are adverts to steal my stuff?

Marc Donovan
Tax & Financial Services
Posted
  • Accountant
  • Woodland Park, CO
  • Posts 39
  • Votes 10

That camera requires an ethernet connection.

I don't think the lasershield cell phone product is available yet.

I just bought a SimpliSafe so we will see how well it works.

Post: GoSection8 and yard signs are adverts to steal my stuff?

Marc Donovan
Tax & Financial Services
Posted
  • Accountant
  • Woodland Park, CO
  • Posts 39
  • Votes 10

http://simplisafe.com looks like a better deal. They connect to Sprint, so no phone line to cut.

Post: GoSection8 and yard signs are adverts to steal my stuff?

Marc Donovan
Tax & Financial Services
Posted
  • Accountant
  • Woodland Park, CO
  • Posts 39
  • Votes 10

Perfect solution Joe! I owe you a beer when I get to Cincinnati.