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All Forum Posts by: Michael Elliott

Michael Elliott has started 1 posts and replied 14 times.

Post: Total Newbie Student from Los Angeles, CA

Michael ElliottPosted
  • Investor
  • Edmond, OK
  • Posts 14
  • Votes 4

I'm a doc and just began my real estate investing last year. I also live near Oklahoma City. Maybe you'll match here, and can "rent to yourself". 

Post: The Occupants from Hell!

Michael ElliottPosted
  • Investor
  • Edmond, OK
  • Posts 14
  • Votes 4

yep. Change happened from this morning to this afternoon

Post: The Occupants from Hell!

Michael ElliottPosted
  • Investor
  • Edmond, OK
  • Posts 14
  • Votes 4

Yes, but there is no longer a link in the notification email. Like as of just now, as far as I can tell.

When Dominic replied earlier, I got an email and was able to click the link directly from there to get to the last post. 

Post: Oklahoma City contractor suggestions

Michael ElliottPosted
  • Investor
  • Edmond, OK
  • Posts 14
  • Votes 4
Thanks all. I had had already spoken with Topco and they've guided me. Wow, didn't realize that even Formica would cost me 1k May look into the granite.

Post: The Occupants from Hell!

Michael ElliottPosted
  • Investor
  • Edmond, OK
  • Posts 14
  • Votes 4

cuckoo for Cocoa Puffs 

Post: Using student loans to qualify

Michael ElliottPosted
  • Investor
  • Edmond, OK
  • Posts 14
  • Votes 4

that's great. The contract mentions the portion of lease payment. Do you officially split your rents among students? Or hold the guarantor liable for all of it?

Post: Using student loans to qualify

Michael ElliottPosted
  • Investor
  • Edmond, OK
  • Posts 14
  • Votes 4

hi roy. Thanks again for the insight. 

Knowing of course that legal specifics can vary from state/locale, do you have an example guarantor contract?

Post: Using student loans to qualify

Michael ElliottPosted
  • Investor
  • Edmond, OK
  • Posts 14
  • Votes 4
Can you clarify a guarantor? Isn't that essentially the same thing? Separate contract? Since people are jointly and severally liable on a lease, I'd think that separate application fee and "tenant" screening would suffice? Thank you for teaching me!

Post: Oklahoma City contractor suggestions

Michael ElliottPosted
  • Investor
  • Edmond, OK
  • Posts 14
  • Votes 4
Hello OKC-area investors I'm a newbie. I'm looking for some leads for handymen and more specifically someone to help with some new kitchen and bathroom countertops in a small (<1000 sf) home in Edmond. Currently peeling Formica, and looking to replace it. I've thought about other solid surfaces, but not sure about cost vs benefit in a rent home. Anybody have some good names? Thanks

Post: Resident doctor with $370k in student loans

Michael ElliottPosted
  • Investor
  • Edmond, OK
  • Posts 14
  • Votes 4
I finished residency about 21 years ago. Most of the comments are spot-on, except the "2-2.5 years" comment about residency length. Residencies are a minimum of 3 years and often up to 6 years after medical school. Agree that most loans are deferred until after residency, with only very rare exceptions. I've got a question myself: I have a young family (Physician Assistant student) on student loans only. I'm sure I can get documentation of their bank deposits and student loan amounts, and speak with their training program to see if they're stable. But should I get a cosigner for the lease since there really isn't any "income"?