All Forum Posts by: Marina Wong

Thank you @Lauren Speidel for such detailed explanation.

@Alecia Loveless

I have seen a few posts on BP where people said they are not making money on their laundry machine while my business partner said they make a lot of money. Saw a video on YouTube how easy it is to get free laundry with coin slot washer/dryers. So I wonder if these people's laundry money is stolen one way or the other (ie free wash or someone actually stealing the money)

I have a JV building that has quite a few of units and we are thinking of installing coin-op vs card-op machines. Have you found any good card-op machines that you can share some info? I heard that card-op is much more expensive than coin-op. What's your experience? Any info is appreciated. TIA

I am offering seller finance on an investment property (with balloon payment for a short period of time) because of the current high mortgage rate, since I cannot subsequently 1031 the balloon payment when I receive them in 3-5 years, any tax defer strategy that I can use in this situation? TIA

I recently bought this for a tenant. Since I only bought it recently I cannot tell you if it will last long. https://www.amazon.com/dp/B07Z5Q7M3N?ref=ppx_yo2ov_dt_b_prod...

Frigidaire 50 Pint Dehumidifier

@Caleb Christopher @Beth Johnson

Typically how much does that cost? I assume the lender pays for it, correct?

TIA.

 Thank you Jim. I went to their website and the price is still too high compared to what my friend in Canada is paying. Also some of the cheaper styles are wood veneer or painted wood grade and I just want some plain white cabinet doors, even if it's just Formica 

It looks very nice. Thank you Jared.

@Colleen F. @Jared Hottle where can you find reasonably priced cabinet doors? My friend in Montreal just replaced her rental property cabinet doors. 9 of them for less than $400 CAD for material. I don't think we can find something so cheap in the US. I have looked for cabinet doors a few times when I need to update my rental unit kitchens and for the ones in not so desirable location, I have opted for painting. Not the greatest but much better than what was there. I also have painted cabinets myself using the Rustoleum product (when the rental property was only 5 minutes from my house and I had a house with a basement for me to do work). If I can find reasonably priced slab doors ($30-$50 with hinge bore). I have also come across vinyl contact paper. That might give a good look for wood that is not in perfect condition and wood that has lots of wood grain. Might try that on one of the turns.

I think in a syndication TIC, the operator would require you to delegate to their manager. Would that break any 1031 rules?

 Joe, do you charge them if the wall is covered with soot and needs to be painted? Tenant thinks it's just normal wear and tear!