All Forum Posts by: Nicholas Middleton

Paul, thanks for all the great information on this market. We are looking to purchase a place to vacation and lease out 30-90 days at a time while not in use. I would love to connect when we take a due diligence trip to Daytona.

What is going on in Daytona beach? I am seeing lots of properties popping up in my email these past few months? Is this due to insurance costs? What do you know?

@Courtney M. who is the property manager you use and what are their fees?

@Johnny Crane I had a bad tenant experience on my first rental as well. It was two young guys who worked as apprentice lineman. I thought it was great because they worked so much but then they left after just 4 months. I didn't put into the lease agreement anything about continuing rent payments until a suitable tenant was found. My fault entirely. They left in December of 18' which made it tough to find good tenants quickly, then a burst pipe, flooded house, reconstruction time, and now it is leased up again for almost a year. I still made it out on top of any other investment classes. I'm ready to find another property and I have been looking in the Livonia, Redford area, as well as Texas but nothing has worked out. I am either not finding anything that hits the numbers I need or there is too much competition. I am looking for something through word of mouth.

@Cory Mccarthy, I was curious what you have been up to since this thread three years ago. I began my journey last year with my first buy and hold in Redford Mi. Recently I have expanding my sights to the Fenton area but would like more information about that market. What have you learned since beginning?

Way to go @Johnny Crane for taking action on two great places. How long have you been an agent in the Fenton area?

@Laureen Youngblood thanks! I already paid this company after the work was completed. I thought I had everything I needed but doing all this for the first time I somehow did not learn about 1099/W-9. 

Thanks for chiming in and giving me advice.

I used World of Floors LLC to replace the flooring in my first rental property. It was my fault not to get a W-9 before I signed the purchase and sale agreement, things I did not know, and now I am chasing them down everyday, continuing to to get the run around. I am running out of time to issue the 1099.

Has anyone else had an issue like this? or have you dealt with this company and gone through the same problems? What did you do?

The company did an "ok" job on the flooring. Pretty sloppy caulk work, wrong color quarter round, and they didn't know how to replace the toilet, but the communication and ease of doing business with them has been pretty awful. I will not be using them again. 

Any ideas as to what I can do? I've called everyday for a week and sent three emails. Please help if you can.

Does Do Hard Money have any refinance options into a conventional mortgage once rehab is done?

I would also like to know how this company does business. Thanks for adding this thread!