All Forum Posts by: Stephen Kunen

Hi All,

As it is Nov 2015 now, do these facts about Stone Mountain still hold true? It seems that there is still high crime, and bad schools, and prices are in the lower range, but seem to be trending upward.  Anyone on the ground over there have any other insight?  I'm particularly looking in the 30088 zip code.  Thanks!

HI James, please add me and my wife to the distribution list:

[email protected] and [email protected]

Thanks,

Steve

Hi Carlton,

How much are the expenses and HOA fees? and does the condo have any particular restrictions?

Thanks everyone. On balance it seems like their rates are competitive and their fees are low so while the service may have diminished a bit since they started they still may be a competitive choice. 

hi, 

I am looking for my next purchase to be my personal residence and am looking to see if anyone has used quicken loans before.  Looking to see what the experience was like with them. 

Thanks,

Steve

I'm curious to know what the standard in the industry is with respect to the types of contractors property managers should be using for single family homes when they need repairs.  Is it common to require the contractors to either be covered by their own insurance for their errors or injuries on an owners property, or to have the property managers covered under their own insurance for the property managers injury on the owned property? If something goes wrong when the contractor who is not insured is injured on the property,and ordered to the property at the direction of the property manager, isn't the owner liable?

It seems the cost of repairs would go up to ensure that everyone who steps on the property is insured. Where does the balance come into play in reality? For example, is it more important to have the property manager get someone onto the property quickly to correct any emergencies that arise to prevent any damage to tenants or property?

Maybe only at a certain threshold, like apartment buildings of a certain size, does it make sense to be firm on this requirement of "all who step foot on the property must have commercial insurance/ workers comp, etc." 

Thanks

Thanks! Will do @Account Closed

@Eddie Reid

  Thanks Eddie.  What do you think would be the best way to get the experience starting with a flip?  That would be a great tool to add into the toolkit, but I don't have experience yet to manage that.   I CAN contribute, time, effort, due diligence, contract review/detail oriented approach to documents, analysis, and sheer physical effort. 

Does anyone have experience refinancing the original note in the name of an LLC? I'm thinking that one way to eliminate the problem is to eliminate the original mortgage with a refinance. Does anyone know of portfolio lenders who does this kind of refinance?

I believe small banks with a commercial real estate division will possibly allow this if the loan to value ratio is correct. I'm thinking if a different lender is used than the original bank, the second bank can pay off the first note, and eliminate the problem. 

Has anyone tried or had success with this strategy?

I'm looking for a real estate agent in the Dallas area that might be available for a few hours during the 18th or 19th of April, which falls on a weekend. 

We are looking for single or multi-family homes in the surrounding Dallas areas for investment purposes.  

Alternatively we would consider a tour with a turnkey provider who offers investment opportunities in the Dallas area. 

Thanks,

Stephen