All Forum Posts by: Greg B.

I would do it.

3 hour drive for me.

2 years ago was the big freeze here during the superbowl. Concern about busted pipes. If the pipes are original then they may be rusting from the inside out.

I agree about laminates separating and the varmints moving in.

Jeri Dilts yes it is OK to buy in working class neighborhoods and cashflow the rentals. You do have to be aware of trends with any rentals though. Are the area employers hiring or laying off? Is the city thriving, surviving, or shrinking?

I have several rentals in working class neighborhoods. I do not invest in war zones though.

Hi Jeri Dilts. Not clear on exactly what your question is. This is a problem with long posts, the exact questions get buried.

I think I understand in one part you are banking on appreciation. A lot of investors got hurt in 2008 from banking on appreciation and valuations dropped. What would happen to you if this happened?

I am taking 3 right now. 2 are great. One, not so good.

The cool part, to me, is that 35,000 people world wide are signed up for each of the 2 better classes. Through these classes I have been establishing contacts in UK, Poland, China, and other countries. All of this for the cost of some time and attenton. Who knows where this may lead?

http://venturebeat.com/2012/09/09/stanford-free-fall-courses/

I am doing 3 classes myself.

Technology Entrepreneurship
A Crash Course on Creativity
Designing a New Learning Environment

20 years ago Ross Perot was shouting many of the same warnings during his presidential campaign. I think he was right then but our economy has shown amazing elasticity to keep these problems from being terminal so far. I guess the majority of the public believes the status quo is OK.

I don't believe it's OK but, beyond casting a vote or making a protest card, I don't know how to change things effectively.

Sergio Rios I believe the closest REI club will be in Ft Worth. I am near Cleburne, about 30 minutes to the east of you. How long are you going to be in the area?

Addendum:

I just got off the phone with the mom who cosigned. I talked to her parent to parent. let her know that her daughter is hanging with some no so nice people.

Mom asked for a couple of days for Dad and Mom to go clear the riff raff out before I take next step. Go Mom and Dad!

Been a while since my last post. Got a "new to me" problem.

(Short version, disabled, clean tenant, personally doing nothing wrong I can prove. Questionable visitors pissing off the neighbors. Nothing I can call police about. What do do?)

I have a triplex that used to have a questionable reputation. I cleaned it up 5 years ago and have good tenants in it since. The tenants keep an eye on each other and the neighbors watch the tenants. Clean for 5 years.

Had a new mid 30's, single girl move in. She is on disability. Her references were spotless and her mom cosigned the one year lease. She moved in July 1. I have had a few occasions to go in the unit and she keeps the place immaculate. She smokes but does it on the porch, no smoke smell inside.

Neighbors are complaining about the company she invites. Things have been missing and moved outside. 2 kids bikes have been stolen.

She has quite a bit of company and maybe a loud stereo occasionally. I did an emergency entry Friday night and had several people clear out quick due to possible gas leak, really unrelated to her, just a good excuse. When I entered the apt, no smell, no evidence of drugs or problems. Just evidence of 30 year olds hanging out.

I had a long talk with her about the people she invites to the house and that she is responsible for their actions. She said she understood.

Today I find out a real bad dude visited Sunday for about 30 minutes. She said he was totally uninvited, she did not like him, and he has been told not to come back.

Neighbors are getting testy. I'm concerned they are getting fed up.

I don't think I have anything solid to evict her for. She says she is telling her visitors to respect the property or leave. I have no evidence this is not true.

I know this is going to wind up with her moving out. Not sure how it's going to be done.

Any suggestions?