All Forum Posts by: Robert Huang

thanks for the great responses. 

i'll ask prospective tenants to get their own renter's insurance; and hopefully they will. i will add into my lease agreement that renter's insurance was recommended and if they agree to the lease agreement they will waive any right/claims they have against me in the event their personal property including cars gets damage/stolen.

Do you require renter's insurance for tenants? Will I be responsible if I don't have tenants get them and their personal property is damaged or stolen?

thank you, that was the re-assurance i wanted to know if it worked out for other people. and good comments on hand rails and relatives.

he called back this morning saying there was something he needed to sort out with his current rental place (was supposed to get his application and fee this morning,) so I don't know if he got cold feet for some reason, or truly have some issues. 

Hi I am currently evaluating a prospective tenant for a room in my personal home that is 74. He's able to get here himself, able to follow conversations well. I do like him and he's on pension and SSI income and will well cover the room rent. 

It's going to be a month to month if i sign him up. 

Is there any concerns to renting to an elderly person that I should be aware of? I am not at all against renting to an elderly person, but I am not in a position to take care of him if he can't take care of himself. 

the list that i have focused on properties bought in the 1980s. a lot of them were bought at a price 10-15% of current market price. it would be good to know if any were in some kind of situation.

thanks for the comments.

i'll update the thread when i finalize on the direct mail strategy. i'm trying to do n learn at same time--reading the BP blogs n Anson Young's great deals book, and trying to do a Chris McClatchey style financing,

Hi I am a new investor in Las Vegas. I am initiating a targeted direct mail campaign toward absentee owners that are in debt (i.e. foreclosing, judgement, lien), divorcing or going thru probate due to limited finances.

One of Brandon's webinar mentions Listsource, and I did purchase 500 leads from them, but they are only absentee owners and not filtered down further. 

Does anyone have any tips on what criterias they use when buying from listbrokers to filter the debt/divorce/death criterias or do they use other sources like the county recorder website? 

IF I use the county recorder website, what are the documents that I will be searching for?

Since I already have a list of 500 leads, how do I use the information on them to further filter for d/d/d?

Thanks ahead of time--I have many questions.

Robert

i am going to keep this in my followed folder for aspiration and motivation.

congratulations.

no deal.

1. i would worrying every single day about drinking water from the house.

2. if you end up spending money to replace the lead pipe, how long will it take for rental profit to cover that?

3. if something happens to your tenants kid, despite lead disclosure, landlords may be held liable.

#1 is enough for me to stay away.

#2 depends on your numbers

#3 you will have to consult an attorney

Hi I know there's a lot of internet posts on this but I want to see if anyone has an opinion on my specific situation.

I purchased a home 1 week ago, to house hack. I waived the home warranty as negotiation tactic because since home inspector went thru house and did not find anything that would suggest there would be problems with covered items on the home warranty.

Home warranty does not cover pre-existing conditions, but makes exception for real estate transaction, if

1) malfunction was not know to seller's agent, buyer's agent and home inspector.

2) malfunction cannot be detect thru visual inspection or simple mechanical test.

so here is my malfunction that ended up costing me $1300.

the shut-off valve to the kitchen faucet made a grinding noise and started leaking when i was turning off the supply to the kitchen faucet. this is day 1 in the house. 

i also had toilet tank spurt out water from the side, whenever i flush the toilet, indicated a seal issue--again day 1. not sure how the inspector wasn't able to catch this.

because i live out of state and had to go back to work on day 3, i had somebody come out to replace a total of 7 shut-off valve to plumbing fixtures, 1 main line valve, and 1 water heater valve due to corrosions on the these valve parts for 1300

would home warranty have covered these replacement or would they try to wiggle out of paying for them saying the corrosion was visually present, and when not present, the leakage would have been detected had somebody trying turning off and on the shutoff valves or flushed the toilet?

i would say no for lead pipes, especially if you plan to have kids or if your tenants may have kids. deal or no deal. but that's just me.