All Forum Posts by: Account Closed

Have the wash machine checked too. If it's not draining completely, or not running the full spin cycle they could be starting out with excess water. 

Are they using timed dry or auto dry? Auto dry is a bit of a joke. 

Your appliance tech makes a living off of installing replacement parts. They should have adapted their methods and sources for supplies by now. 

Maybe I'm asking an uninformed question here. What about selling as contract for deed? Would that put it on the buyer to maintain and cover the costs, and loophole your way out of the hassle around renting in the eyes of the park and government? Plus if they don't follow through, rinse and repeat?

Your park may say one thing, but your state laws may have something different to say about who can live in your mobile home. 

Congrats on the debt free prior to home ownership! Keep cash on hand and hide it somewhere safe for all of the unexpected issues coming your way. 

If your staying in the house long term, and the condition of the current furnace isn't great, plan ahead for the repair and do it on your terms, not when it becomes an emergency. Higher end furnace will have a variable speed motor which you can run all day at a low speed with constant circulating air. 

I think the major pro would be having central air for Texas. There's not much maintenance on a furnace. Learn how to troubleshoot the little problems. Flame sensor, pressure switches and ignitor. Would take gas furnace over anything else, I'm also in Minnesota. 

Check the dates on your CO alarms (Carbon Monoxide 1 Carbon, 1 oxygen) Carbon Dioxide Co2 is a science experiment. CO kills brain cells and death with prolonged exposure. Replace at 7 years.

Are LVP and LVT the same?

LVP, unless it's a house with a plan to stay long term. Either way, never carpet. 

There's plenty of negatives for both, but being able to completely update an entire house on a Friday afternoon with a tape measure, utility knife and an overstock discount pallet of LVP. Yep. 

@Matthew Paul

My wife has the Accord, we still need a second one. I like having at least one that we can count on being as we have family out of town and lots of road trips. It will last forever with her driving it. 

In theory, I could hold on the house stuff. We have only been in here for a couple months, time is on our side yet. 

I just cringe at the 25 gallon tank. But at least 12mpg is considered good!

Hello to all the smarter then I am real estate investors. 

I'm posting this on here as it will help me with the long term real estate goals, and mostly I'm on here to learn how to think as an investor, not a maintenance guy. 

We flip and sell every two years, our income levels are not exactly great but as two mid 30s with no kids, spoiled dog and a couple monthly payments were sitting great yet. 

I now have a car situation. Accord has 17k left to pay, not selling. F150 has 6k left and I can't replace it for what it would sell for, and I need it for the house stuff. Still have plenty of room on the 50% vehicle to income ratio. 

My poor Impala was paid off 5 years ago and now torn apart in the garage needing $500 in brake work. That's for me to do it. The engine is in hospice, ($900 to repair) will die eventually but at the moment is still going strong. It was also used as a truck before we got the f.o.r.d, and has seen some things that I wouldn't even do with a rental car. 

I work full time, and deliver Pizzas a few nights to help with the house flip budget and need a reliable vehicle that exceeds the 12mpg the truck gets, and I don't like racking the miles up plus still have to commute to my real job. 

Used to have no car payments or debt, but now I have two and hate the thought of a third. Paying all cash for everything got me to this point, (it also got me into this situation) and my concern is that straying from my methods will hurt the long term real estate intentions. In the mindset of trading debt for cash flow, trading money to invest time into things that go up in value and focus on net worth, not income...Where do I go from here?

Do I drop 2k on a mechanic for the work?

Borrow for a third?

Deliver and commute with the truck until I can pay it off?

Fix it myself, and lose all that time I could be spending working on the house?

Viking funeral?

Thanks!

Commercial coin-ops are bulletproof, bypass the pay system. 

Otherwise just keep it basic. Less moving parts and options the better.

Or search for a 1970's Speed Queen!

On the other side of things, sellers that spent the last 15 years smoking pot and letting their cats pee all over the house get to list as "well maintained, move-in ready"  

Hi all,

I promise I'm not as heartless as this will all sound, but to keep things short I will just state the facts and intentions.

Currently flipping one side of a twin home. Previous roach activity is obvious. Prior owner had professional treatments done, they just couldn't be bothered with the effort required to vacuum the dead ones up afterwards. We were aware of this going in. New kitchen and bath vanities are white. we have cleaned everything and have not seen signs of activity until last night near the front door. 

I assume even though the problem on our side was taken care of, the other sides owner is deceased and has been a roach party of free food and open fornication. 

1. I don't know if his home is in probate or if it's just the family doesn't want to deal with it.

2. I have a name of his daughter, (small town, old family) and possible contact info but not sure how to phrase this whole situation to someone dealing with a recent unexpected passing. 

2b. I also don't want to spend money on continued professional treatments just to have them infest from next door repeatedly. 

3. 2018 home was purchased for 150k, 6% increase every year. Would offering $100k to  take what they wanted out, walk away and let me deal with it be a lowball offer? Obviously not throwing that out there right away. At the same time, the higher their house sells for, the higher I can sell mine for in two years.

4. Is there any obligation from whoever is responsible for this home to address the issue? If nuisance weeds are a problem on a neighbors lawn, the city will take care of it and charge the owner. Is there any regulation for an actual health concern?

There's opportunities to be had here, just finding the correct solution is making it interesting. 

Any information is greatly appreciated!