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All Forum Posts by: Mark K.

Mark K. has started 23 posts and replied 80 times.

I recently moved to Florida or I would have met up with you.  Rentals is what allowed me to move.

Post: Should I Withdraw My 401K To Fund My First Deal?

Mark K.Posted
  • Staunton, VA
  • Posts 83
  • Votes 42

You could look at taking a 401K loan.

I used one to successfully complete the BRRRR strategy.

How does your property managers pay you rent?  Mine use Buildium.  The payment is made via ACH.  It takes at least a week for me to get the rent.

We are looking for a better option to get the rent to me that would be quicker.

Any suggestions?

Has anyone received their copy of the new BP Wealth magazine?

I'm in Virginia and I haven't received it yet.  My oldest son is in Seattle and he hasn't received it either.

Post: Team in Birmingham, Alabama

Mark K.Posted
  • Staunton, VA
  • Posts 83
  • Votes 42

@Richard Palmer.  I'm sure he is looking for new clients.  I'll let him know.  See my post above about @Rob Drum and @Ravinell Wilson.  I've used both of them. 

Post: Team in Birmingham, Alabama

Mark K.Posted
  • Staunton, VA
  • Posts 83
  • Votes 42

@ Richard Palmer.  For both of my houses, I drove there and took a look at them.  My property manager hired the contractors for the rehab.  

Post: Looking to build a portfolio in Birmingham, AL and vicinity

Mark K.Posted
  • Staunton, VA
  • Posts 83
  • Votes 42

I have used @Rob Drum to get my first rental in Birmingham.  He helped me get a great house there.  And, when I needed a new property manager, I reached out to @Lane Kawaoka.  He connected me with his property manager, who is now mine, @ravinell Wilson.  

Mark

Post: Older windows, fix or replace?

Mark K.Posted
  • Staunton, VA
  • Posts 83
  • Votes 42

Thanks to all of you.  And, I really don't know how long a repaired window or a new one lasts for.  And, it's not a historical area, so I can't put any window in there. 

Post: Older windows, fix or replace?

Mark K.Posted
  • Staunton, VA
  • Posts 83
  • Votes 42

Thanks to both of you.  And, I really don't know how long a repaired window or a new one lasts for.

Post: Older windows, fix or replace?

Mark K.Posted
  • Staunton, VA
  • Posts 83
  • Votes 42

I have a triplex that was built in 1995.  It was abused over the years.  I bought it two years ago.  It took me until now, but I've gotten the inherited tenants out, renovated each unit, cleaned the place up, replumbed the building and more.  The one thing we didn't do was any work to the windows. 

i have increased rents from $600 to $900 now.  I have new tenants who have expectations that all windows will work properly and have screens.  

The windows have wooden frames.  

I had a maintenance guy there and he didn't really do anything.  He works for 3 property managers in the area and he said they don't replace windows unless they break, they don't replace screens and as long as it locks, they don't care if they don't open properly. 

If I wanted screens, I'd have to have new frames made, and I have no idea what they cost.

I don't want to be like most landlords in my area.  My question is, at what point with windows do you just put a new one in vs trying to replace it? 

Thank you.