All Forum Posts by: Robert Biggins

That is very helpful to know. Conducting real estate business with HML definitely requires the investor(s) to know the exact calculation for expenses, duration of development, etc. The most attentive factor is contracting. Unfortunately, a lot of contractors these days take on more jobs than they can actually start and complete, mainly focused on getting money. As you stated, not every company has the investor(s) best interest in reaching financial freedom. Therefore it is the investors responsibility to know the specifics in relation to risk management and potential profitability.

@Jim K. Thank you Sir, I will keep that in mind and verify if that's culprit!  

My pleasure to serve and defend this great nation of ours!

@Jim K.  Unfortunately it may have to resolve with getting the whole system rebuilt.  The shower was remodeled but we were not able to retrieve documentations or basic facts as to what year it was remodeled, etc.  I actually thought the similar thing, thinking that there is something more severe than what the basic test(s) could discover.  Only if we had known about this prior to moving in this would have been fixed.  Definitely going to shop around for additional estimates before moving forward with construction.

@Joe S.  It's only with the master shower.  The tub and second bathroom are perfectly fine when hot water runs and is used regularly.

@Nathan Gesner  I'll have to re-look at the p-trap drain.  When the plumber looked at it, yes it was full of water like it should be.  But I have not noticed whether or not if water gradually decreases.  Basically going with Jim K., the most surefire resolution (yet financially dreadful) is to replace the entire system.

Thank you gentlemen for the assistance regarding this matter!

Greetings BP Family, I hope all is well for everyone!

So, with the current home that I reside in, my plan is to transfer it to a rental property since I will be relocating to a different state for work related purposes.  The home itself is in great condition.  However, there is one annoying problem with the master shower; it reeks a stinky sewer smell after taking a nice hot shower.  We purchased the home in 2017 and everything was fine.  No smell whatsoever.  Just recently within the past few months this year (2020) we noticed a weird odor, not knowing where it came from at first.  Suddenly we realized it was the from the shower drain.  

A total of four plumbers looked at the situation and provided their recommendations.  The first suggestion was to demolish and rebuild the shower pan and plumbing system, presuming that the p-trap was not properly built to prevent the smell from rising up through the shower drain.  One of the plumbers suggested a shower pan test, and it passed.  A different plumber actually utilized a snake camera to visually check the alignment of the drain system and it was properly built, including the p-trap.  Using the baking soda and vinegar trick lasted for a brief time frame but then the foul smell reappeared.  Basically I don't want this to be a nuisance to future tenants.  We've been attempting to discover a permanent resolution.  Other than exhausting thousands of dollars to rebuild the plumbing system, would anyone have suggestions/recommendations for this situation?  Has anyone been through this plumbing ordeal before?  

Thank you kindly Allan Bishop Jr.!

Greetings Joseph and Bernard, thank you for the military support!  It's an honor and privilege to serve!  I'll definitely check out ADPI; thanks for the information on that!

Thank you both Fredie and Allan for the words of advice!  I look forward to getting associated with the local meetups and thanks for the agent referral, very helpful!

Greetings BP Family, my name is Robert Biggins and newly joined to the BP community.  Currently I am stationed in Houston, TX and it has been a great tour of duty.  Next year I am scheduled to relocate to Fort Knox, Kentucky and am having difficulties deciding which surrounding areas are ideal to acquire a home based in a nice neighborhood with good K-12 schools, etc.  I know that Louisville has a lot to offer but the downside is the driving distance to and from Fort Knox.  Would it be ideal and/or reasonable to consider Radcliff or Elizabethtown?  Are there any other areas nearby that you suggest, too?

Any words of advice and recommendations would be greatly appreciated and I look forwarding to learning and growing in the world of real estate.

Investment Info:

Single-family residence buy & hold investment in Houston.

Purchase price: $160,000
Cash invested: $8,000

First home purchased upon relocating to Houston, TX during October 2015. After moving to a different home in Houston (Pearland, TX) during November 2017, the first home in Houston, TX has been kept a rental property. Throughout my military career the plan is obtain residential properties and convert them to rentals or possibly flips in conjunction with 1031 exchanges.

What made you interested in investing in this type of deal?

As a first time home purchase, the plan was to convert the debt of paying a mortgage transferred to the placement of a tenant paying the mortgage for the purpose of generating passive cash flow and appreciation for wealth building.

How did you find this deal and how did you negotiate it?

It was a blessing; good timing and working with a suitable real estate agent to help oversee the process from beginning to completion.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Katrina Shields was the respective real estate agent, located in Houston, TX. A good and reliable agent to work with and recommended!