All Forum Posts by: Mark Lynn

If you are absolutely set on saving the carpet try an ozonator (ozone machine). It takes the smell out of almost anything you just turn it on and let the machine do its thing, the only catch is you Can't be there for 24 hrs. It makes the air unbeathable.

If you're considering replacement I recommend vinyl plank for rentals. 

Looking for Input on a Cash Out Refi. I went to my local bank where I carry both my personal account, business account, have a traditional mortgage on a previous residence I now rent seperately from my business portfolio and a HELOC looking to do a cash out REFI on some if not all of my business rental portfolio. They weren't interested in talking about those properties at all, but instead wanted to persuade me to do the Cash Out Refi on the traditional mortgage on the previous residence.

The business rental portfolio (5 SFRs + 1 duplex) has a value of $280k with no debt.  Total monthly rent roll when fully occupied is $3600/mo.

Any advise would be appreciated.

You can also try Mold Solutions. They aren't the cheapest but are very responsive and do a quality job. 

I'm in Columbia, SC market. What do you have?

What part of town are your lots in?  I've worked for both a local and nation builder located in the Columbia markets and I'm a licensed GC. Building and sales are on the rise across the market and I'd be happy to help out. If you're interested in connecting send me a message. 

Welcome Christopher.  I'm in the Columbia, SC market as well.  

is it a gas pack, dual fuel, or heat pump?

Welcome.  I'm a builder too, and have several buy/hold investments as well. 

Hi Chris,

I'm in the Columbia, SC area as well. 

I'm in Columbia, SC too. And yes that is right. My prop taxes went from 950 to 3700 when it went from owner occupant to rental. The only way to cash flow a rental is to pick it up dirt cheap. I lose on my rental every month on just PITI, not to mention repairs.