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All Forum Posts by: Nicholas Moffett

Nicholas Moffett has started 22 posts and replied 77 times.

Post: BEST COMPANIES FOR DIRECT MAIL

Nicholas MoffettPosted
  • Investor
  • Tampa, FL
  • Posts 89
  • Votes 19

Hey guys , starting up my direct mail again for 2020 - looking to see who everyone is using. 

For Lists and List Generation ?
REIVault ? PropertyRadar ? List Source

and who do you use to physically mail?
MailChimp - Tri Win - 

Post: 4 PLEX ---- HOME STEADING YOUR PLEX ? Or NOT ?

Nicholas MoffettPosted
  • Investor
  • Tampa, FL
  • Posts 89
  • Votes 19

So I have a 4 plex Im getting serious with and I think my offer will go through.
I am in Florida, and this is going to be a real good property that is 1/4 mile from the beach

Heres the deal

$250K  - 50 cash 200 bank note - And I will be putting roughly 50 cash into it for repairs.
I can do a note at 3.5 for a personal loan and homestead it 
Or I can do a note at 4.5 as an investment property

I have never done a plex like this, and I have no other properties homesteaded or currently owned under my name, so I am wondering what the best idea is.  Should I take one of the units as my primary residence and homestead it and save the 1%, or should I do it as an investment, not homestead it, and go that route with a higher percentage.

With the personal note, I will have to use 1 of the units as my primary residence for 12 months, so I lose out on the rent for 12 months which would be $800X12months but I can homestead and do the 3.5  Or would it be better if I did an investor deal at 4.5% and got to make the extra 800 for the first year from the unit I wont be living in.


What is the best overall plan ? Or would a REIT/TRUST or something like that be better. Im going to consult with a RE attorney b4 closing, but this is a preliminary.

another air vent pic, Mold ? 

Here is the inside of another air vent...... Mold, or no ? 

Heres a spot I kinda missed on the ceiling , you can see the yellow tar/nicotene stains , and I can tell you truthfully, I PUT IT ON THICK so i only had to do the ceiling once..

Here you can see the difference from the TERRIBLE smoke stain ceiling , painted VS unpainted 

Heres a pic of inside of one of the air vents, want to see everyones take on what they think BEFORE  I send the mold test in.  

Originally posted by @James Mc Ree:

@Nicholas Moffett

You aren't going to get anywhere here with insightful, brilliant advice on how to win.  I think the posters are unanimous in agreement you have no hope in winning such a case.  I agree with them; however, here is a possible path to map out a strategy to win.  Keep in mind this is probably advice to follow the lemmings and you will almost certainly waste your time and money pursuing it, but this is what you need to do.

First, and most important, consult a personal injury lawyer.  For about $200 or less and 1 hour you can get a fast solid opinion in your jurisdiction.  This is really a matter of case law, versus "the laws."  It will all come down to how courts have interpreted the laws in the past.  I am certain you are not the first to claim injury from second hand smoke or residue.  Prior similar case outcomes are great predictors of your possible success.

You will need to show material (emphasize, bold and underline that word) impact to your health.  "Material" does not refer to what could, might happen and it doesn't refer to what studies say happens.  It has nothing to do with your opinion, no matter how well informed you are.

You have to prove the smoke residue actually DID materially affect your health in specific ways and that it could not be caused by anything else.  You actually have to show that your cough is the direct result of breathing in that house.  You can't just say it is, but rather medically prove it.  It's not good enough to say you didn't cough before you moved in.  This will likely be an expensive research project as it might require obtaining lung tissue contaminants and matching them to the residue in your home.  That is why it is almost impossible to win such a case.

Suppose you got such a sample and made a match.  You would show your lungs do have smoke residue that matches the house, but still might not be able to map it to be the direct and only cause of your cough.  There also might be more there: smoke from campfires, pollen, asbestos, dust, etc.  More medical research and doctors are needed to eliminate those as possible causes.

If successful so far, you have spent a lot of money.  You will then need to show that your landlord actually provided an unsafe property.  Your opinion is that it is unsafe; however, a judge or jury's agreement would be a massive leap in case law and effectively condemn half the properties in the jurisdiction, even if you have the medical evidence of the impact.  Check case law - I am sure someone thought of this before.

I don't see any chance of success going after your landlord as mentioned; however, you mentioned another important fact.  You wrote that you are required to work there to be with your clients.  That makes it a workplace as well as a home.  OSHA and other organizations govern workplaces.  You may have an opportunity there with OSHA and workman's comp if you can show your workplace, not your living-space, but workplace is hazardous.  Workplaces are regulated differently than living spaces and you might have a slightly better chance of success, but still probably very slim.  Again, consult an attorney.

Good luck.

Jim.

 Read my previous comment - thank you 

I appreciate everyone and their opinions.  Ive tested a lot in this house and please be advised, my idea is not to sue someone unethically to get rich.  I've got money, I don't need anyones money and I want to avoid a courtroom at all costs.  Unfortunately, this landlord, unlike myself, has all but abandoned this property and refuses to do anything correctly.  The roof is beyond gone, and you can tell that when the water gets to be too much, he hires someone off craigslist to simply replace sheetrock and ignores the real problem which is the roof.  Thus, I feel like my heavy cough symptoms, and inability to run/exercise for long period may be due to mold issues stemming from this roof.  As another member suggested I should test the ducts and send it off to UF which is what Iam in the process of  doing, (thank you for that recommendation) BTW

Please understand, I don't want to take advantage of anyone.  As a renter Ive always paid bills BEFORE they are due, taken care of, and always improved the property I have lived at.  In all of my units, I check them every 2-3 months for mold, problems, leaks, etc, and I enjoy going above/beyond for my tenants, and I feel that everyone should do the same and provide safe living conditions as required by law.


Thanks for everyones ideas and understanding.  Good luck to all . (over and out) 

Originally posted by @Jeff Barber:

you have to pay for professional opinions.  these are free and worth exactly what you paid for it.

 i gues you've got a point there 

****, public opinions is how Bush got elected.... TWICE !

My fault, wrong problem wrong place