All Forum Posts by: Mike De Lota

@Neil Narayan Thanks for the info, good to know!

@Ryan Kelly awesome! I have some properties in 45, 48, 49 and if the rental market is any reflection of the purchase market it’s looking good!

@Neil Narayan out of towners looking to rent before they buy in this hot market? Or seasonal turnover of people already renting? Thanks!

@Ryan Kelly, curious to know which zip codes your 2 examples are in and which zips are seeing the most upward movement? Thank you!

@Wayne Bolen Cost really just depends on the issue and how severe. But he sure to get an estimate and estimation of how many days it’ll take to repair. Plumbing inspection is typically recommended after foundation repairs as well as more cosmetic work on windows, doors, drywall, and ceiling cracks. I’ve been happy with LAKE Foundation Engineers.

I have a foundation engineer evaluate the property in the option period to determine how bad the problem actually is, if it violates safety/building code, and figure this cost in my calculations. If the cost/time to rehab makes it a bad deal, I back out. Foundation issues scare a lot of buyers, but if you do your due diligence, they shouldn’t.

@John Underwood Thanks for your insights!

John, any reason there may be a difference with your success on one booking platform vs another? Thanks for all your posts thus far. I've got a lot to learn from you and this community!

@Steve Morris a thanks for the insight!

@Bryan Noth Thank you! After their lease expires and you pla on raising rent to market rent, do you have to get that approved by HUD? My worry is that Section 8 may stifle the natural appreciation of rent prices to keep up with the market. Thanks for your insights!