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All Forum Posts by: Robert Ruiz

Robert Ruiz has started 19 posts and replied 108 times.

Post: New Orleans Land Auction

Robert RuizPosted
  • Investor
  • Lake Charles, LA
  • Posts 113
  • Votes 36

update! I was contacted by a very helpful and might I add "honest" Attorney who gave me some great advice on what to do with my Tax Lien Cert. in New Orleans.. He offers a free consultation and actually steered me away from him to an option that was right for me! Just passing along!

http://www.jonahfreedmanlaw.com

Hope this helps

Post: Tax lien certificate sale

Robert RuizPosted
  • Investor
  • Lake Charles, LA
  • Posts 113
  • Votes 36

update! I was contacted by a very helpful and might I add "honest" Attorney who gave me some great advice on what to do with my Tax Lien Cert. He offers a free consultation and actually steered me away from him to an option that was right for me! Just passing along!

http://www.jonahfreedmanlaw.com

Hope this helps 

Post: The Most Annoying Thing About Real Estate Investing

Robert RuizPosted
  • Investor
  • Lake Charles, LA
  • Posts 113
  • Votes 36

@Brian Pulaski apparently the people who build the homes i eventually buy don't know about the 4 Bulb fixture ! LOL I don't mess with the toilet removals, I  wimp out and use the plumber ever since I tried to change my own upstairs and caused a leak on my ceiling!

Post: The Most Annoying Thing About Real Estate Investing

Robert RuizPosted
  • Investor
  • Lake Charles, LA
  • Posts 113
  • Votes 36

You know what bugs the Dickens out of me!? What I just don't understand? It seems like every home i have ever purchased or rehabbed has had this Problem. I know its all just a conjured up marketing trick thought up by some home improvement store executive to make me spend more money! What causes me so much pain!? What drives me to Insanity? What is more annoying than Rosanne singing the National Anthem?

The Four Light Bulb Bathroom Vanity Light Fixture.

Sure it looks nice, it makes the bathroom areas in a rehab dazzle and shine. It says, "Hey!, Look at those granite vanities and wow! Look at that shiny new Sink Faucet."  I even must admit, it makes me look more handsome in the mirror as the glow of its effervescent light shines down on my tan skin...

"Why does this bother you?" you might ask. Because every time i have purchased a home and these lights are in them, they always need new bulbs or they have mixed match bulbs.

Now this is what drives me bonkers! The bulbs come in packs of threes!!! The math is simple. I have to buy 2- three packs of these bulbs to fill in the four vacant spots on this  fixture of insanity. This leaves me with two extra bulbs! TWO EXTRA BULBS!!!!

Its just like the way they sell you 8 Hot dog  wieners in a pack but only 6 buns come in the bun pack...or is it vice versa? You see what I mean. So much unusable meat with no bread vehicle to travel to my stomach.

You would think the light fixture guys would get together with  the light bulb people and say "Hey lets make America Great Again! Lets not tick everyone off with all these extra bulbs that will be rolling around in peoples bathroom drawers...Lets be smart here and make a 4 pack of Bulbs!" 

I know its a small thing! But come on, Help me out here. I find myself standing in the Lowes Light Bulb aisle looking for a 4 pack of round Bulbs that doesn't exist. Like somehow they started making them since the last time I bought them...  So much disappointment...So painful. I feel so ashamed.

I would love to hear what drives you bonkers on a rehab or in a Real Estate Deal. I know its probably not as serious as mine, but still I'm sure its important to you...

Post: Tax lien certificate sale

Robert RuizPosted
  • Investor
  • Lake Charles, LA
  • Posts 113
  • Votes 36

Was this through Civic Source?

Post: Late Fee Louisiana

Robert RuizPosted
  • Investor
  • Lake Charles, LA
  • Posts 113
  • Votes 36

Wow, Thanks guys. Yes i did email my attorney and was waiting for a response back... These are people under a lease option contract and they already have a $35 late fee built into the contract after 5 days. 

Thanks for all the feedback!

@Tony Mounce @Robert Leonard @Braden Smith @Clint Galliano

@Robert Leonard when is the next meet up? I wasn't able to make the last one :(

Post: Tough MHP Manager won't allow Rentals...

Robert RuizPosted
  • Investor
  • Lake Charles, LA
  • Posts 113
  • Votes 36

Thanks guys...Actually this park owner wasn't concerned too much about who was living there (renter or owner) they just wanted to get paid. After asking her what her major concern was i was able to come up with a solution, to pay up front a year. She liked that and i was able to purchase the home and put a renter in it with a lease option contract in place. The renter has a Owner mentality in the situation... it was all good. The renter has paid on time for over 8 months and loves her home

 I was just sharing my situation where i was able to get some lemonade out of a lemon tree :) 

Thnaks 

@Jay Hinrichs@Jeffrey H. @Ken Rishel

Post: Tough MHP Manager won't allow Rentals...

Robert RuizPosted
  • Investor
  • Lake Charles, LA
  • Posts 113
  • Votes 36

Once I bought a trailer in a park that was known for not allowing rentals in the park. The park owner/manager did not allow because she had gotten burned so many times by people who didn’t pay rent. I called her to ask if i could rent (rent to own) the trailer i had under contract in her park. She immediately said “NO!!” i knew i had one sentence and it better be a good one. i offered to pay rent one year in advance on the trailer lot. She paused for what seemed like 30 minutes and said ok. I then passed the $1,800 ($150 a month) lot rent on to my new lessee who was renting to own the trailer from me and their last year of their contract was to be rent free every month because they had paid a year in advance on their first year.

Win Win and if i ever find another deal in that park she may be happy to get my call!!

Post: Late Fee Louisiana

Robert RuizPosted
  • Investor
  • Lake Charles, LA
  • Posts 113
  • Votes 36

I am currently charging a Late fee of $35 on my Tenants, but they seem to always be late. I am thinking of going up to $50 to help motivate them to be on time. 

What is the legal maximum rate for a late fee in the State of Louisiana? From what i read on the web, there is no maximum...

Thanks

Post: Tennesse Tax Certificate sale

Robert RuizPosted
  • Investor
  • Lake Charles, LA
  • Posts 113
  • Votes 36

*redeemed 1 of the 2 I purchased