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All Forum Posts by: Moncy Samuel

Moncy Samuel has started 39 posts and replied 110 times.

Post: Monthly Northern Atlanta Real Estate Meet Up/Mastermind.

Moncy SamuelPosted
  • Investor
  • Suwanee, GA
  • Posts 114
  • Votes 24
Great to be around the like minded people and hear and share ideas. I am in.

Post: Property listed with incorrect information

Moncy SamuelPosted
  • Investor
  • Suwanee, GA
  • Posts 114
  • Votes 24
Hi all Recently I came across a duplex listed as 2Bed room and 2 Bath and during inspection found out that each side got 2Br and 1 Bath. The money I spend to inspect the property is lost due to the fact that listing agent (mark Spain ) is in correctly listing the data. When check with the agent, she said that “oh I thought it is a 2/2”. The property is back on market with the same incorrect information. I feel like I am been trapped by these unethical tricks. I brought to her attention again and hope she will take steps to address it. BP community, What are your thoughts ? Any such experience. How can I raise to the management of Mark Spain ?

Post: Legal entity for Single and Multifamily

Moncy SamuelPosted
  • Investor
  • Suwanee, GA
  • Posts 114
  • Votes 24

Hi there, I am looking for the right legal entity to move the real estate assets for tax protection and asset protection. Any advise on the websites that is simple and cost effective. I am in Atlanta, GA.

Own couple of single family and multifamily.

Post: Accountability group/mastermind/investing club

Moncy SamuelPosted
  • Investor
  • Suwanee, GA
  • Posts 114
  • Votes 24
I am interested in the group as well.

Post: Analyzing a duplex Property

Moncy SamuelPosted
  • Investor
  • Suwanee, GA
  • Posts 114
  • Votes 24

I am looking to close a duplex, 2 Br, 2 bath on each sides under contract for $88k + closing cost. Currently rent for around $525 / unit and separate utilities. Not sure if the water bill.

Is this better to close with cash or loan (25% down). I have 730+ score. ?.

Pls advise

Post: Roofing replacement and mold

Moncy SamuelPosted
  • Investor
  • Suwanee, GA
  • Posts 114
  • Votes 24

watch couple of YouTube videos on RMR-86 and sounds like a great product to address the issue. Thanks for the great tip. 

Post: Quadruplex property in Athens,GA

Moncy SamuelPosted
  • Investor
  • Suwanee, GA
  • Posts 114
  • Votes 24

closed on a quadruplex property with 3 tenants in Athens,GA.

Need a property management company who provide great service and cost effective management rate.

Any recommendations 

Post: Roofing replacement and mold

Moncy SamuelPosted
  • Investor
  • Suwanee, GA
  • Posts 114
  • Votes 24

Closed on a duplex property in Lawrenceville,GA and the roofing is almost the end of life. Would like to see different options on replacing the roof. The property is insured as soon as the closing happened yesterday however the deductible is almost 5k to keep low yearly premium. Any recommendation on roofing contractors ?.

Also, the Crawlspace got mold and needs remediation. So looking for a good mold remediation contractor who can remediate the mold. Any good references appreciated if you have personal experience.

Should I let the tenant informed about the mold. EXperiences ?

Post: Finance for a 14 unit property

Moncy SamuelPosted
  • Investor
  • Suwanee, GA
  • Posts 114
  • Votes 24
Need some advise on how to get a commercial loan on a residential property (4+ units). I am wondering if there are some lenders who are willing to do 15% down payment ?. I Reached to couple of lenders and they are looking for 25-30% down. Any help appreciated.

Post: Super excited !!!

Moncy SamuelPosted
  • Investor
  • Suwanee, GA
  • Posts 114
  • Votes 24
We closed on the second buy and hold rental property today at 3pm. The owner requested to rent the house for 2 weeks and we had a mutual understanding on the terms and sign a lease agreement. The house is a 5BR, 3 BH and in a Very good neighborhood 3 minutes driving distance from where I live. Need some cosmetics touch up and built on 2007.