All Forum Posts by: Rich Cavanagh

Np! @James Rey!

@James Rey

BRRRR is an investment strat. Couldn't find the podcast that mentioned it but here's the article link.

https://www.biggerpockets.com/renewsblog/2015/04/2...

Grats @Arianne L.!

Was just curious if there were any fellow landlords out there that made the jump to concrete? Any of you dive in and have any feedback regarding it?

I was a little turned off as it seems like install is at least double the cost of just doing tile. That and the fact that you can make it look great but some people may not like it compared to the standard flooring options.

@Michael R.

Yea it helps a bunch actually. Thanks again!

Ok, Thanks for the replies!

I'll have to take a closer look at my current rates on each mortgage and see if its worth the closing costs to refi and combine.... probably not.

I'm just starting off and have been a lurker here for quite awhile. Been told the first 5 properties are the hardest and just trying to get creative.

@Michael R.

I'm at a point where I have one rental and am saving for a down payment on the next one. I have about 50k equity in my primary right now. My thought process was If I was getting destroyed on the rental financing (5%+) it might be worth it if I refi'd my primary to get back some equity and payed off the second loan for the rental....IF I could refi @ 3.8% or lower. Less interest per month and more money towards the next closing.

Any little bit that I could add to savings each month would help but it sounds like more trouble than its worth.

I've seen a few threads discussing using home equity to expand and purchase more and more properties too. It might be too early on for me to be testing that tactic...

Still looking for thoughts on this. Did a bit more research on a few sites and found that one way is to use the VA Home Loan on a multi fam 4 units or less and as long as you live in one of the units you are set. That may be useful in the future.

Anyone have any feed back about the refi scenario? Or done this yourself?

Thanks!

I'm a veteran and buy and hold landlord looking for a creative way to take advantage of the VA Home loan I have access to. I'm looking to speed up acquisition of a 2nd rental OR at the very least save some monthly costs (if combining the 2 mortgages saves me enough to make it worth it).

I have equity in my primary residence equal to about what I owe on my rental. Would it make sense to refinance my primary to appraisal then pay off the rental? or... Should I look into possibly refinancing for a down payment on another rental property?

Any thoughts on these or any other ways to play it that I haven't thought of?

 Thanks Mike, 

I'm a lurker here and its always great to read about other peoples experiences etc but real estate and investing can be very broad subjects.

I'm not necessarily looking for a club as much as I'm looking for a field, subject matter to study, or some good recommendations on books etc.

Originally posted by @Rich C:

Eventually I'll network and learn as a go but is it worth me diving into the realtor side of things? Mortgage/lending? Local law? Property management?

I'm looking for some advice regarding education, books to read, areas of expertise to invest some time and specialize in etc...

I am currently an aspiring landlord working a computer tech job full time investing in rentals. Half a dozen closings(and leases) under my belt with one active rental saving for my next down payment.

Goal is to fund my start with the paycheck and eventually go full time management/investor but for now I have a PM to assist.

I'm looking to jump in and start learning all I can. Should I invest time in getting my real estate license? if not is it worth it as a landlord to learn the material but skip the license? I am more of a buy and hold landlord/investor vs short term flipping. 

Eventually I'll network and learn as a go but is it worth me diving into the realtor side of things? Mortgage/lending? Local law? Property management?

Looking for the best bang for my buck and to prioritize what some of you vet landlords think would best help me grow since I have time to kill while saving up.

Thanks,

@Stephanie Dupuis

yea I have read up quite a bit since the original post and spoke with a few pest companies. The problem with fleas isn't killing the eggs and adults so much as it is killing the life cycle and the larva/pupa.

From what I understand the larva only take 1-2 weeks to become adults once inside their "cocoon". Unfortunately they wont emerge until stimulated via vibration/movement. The flea can remain in the cocoon for a loooong time and at that stage...the cocoon is like a panic room. No legal chemicals will kill them at that stage.

Since the house is empty... I am left going over there to bait them out of hibernation by vacuuming up. At that point they expose themselves to the chemicals and have ~21 days to be vacuumed up or die. The ones you see jumping on you for a meal only represent about 5% or less of the flea population. The rest are larva, pupa, or egg.