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All Forum Posts by: Steve S

Steve S has started 8 posts and replied 31 times.

Post: $200,000 in the bank...now what?

Steve SPosted
  • Investor
  • Richmond, VA
  • Posts 31
  • Votes 14

@Joe Mercer

Joe would you care to elaborate on that stratgey?

Post: Handyman for Rentals RVA

Steve SPosted
  • Investor
  • Richmond, VA
  • Posts 31
  • Votes 14

Legit and well dressed in a brand new sprinter with logos...

Post: Handyman for Rentals RVA

Steve SPosted
  • Investor
  • Richmond, VA
  • Posts 31
  • Votes 14

  I think the old retirees that just wanted to keep busy are a thing of the past  and my generation didn't want to work with their hands.  300/ hr sounds like legit plumber rates.  

Post: Handyman for Rentals RVA

Steve SPosted
  • Investor
  • Richmond, VA
  • Posts 31
  • Votes 14

Hey Charles If you happen to find anybody let me know if you dont plan on keeping them busy full time

Post: Abundance of deals phenomenon

Steve SPosted
  • Investor
  • Richmond, VA
  • Posts 31
  • Votes 14

I don't think I personally will ever have an overabundance of deals.  I don't network as well as I should.

That being said I tend to feel a bit scared when I am too flush because it seems like everyone else is flush too.

@Charles M.undefined

Good For You Man!  How is the auction thing working out for you?  I have been saying I need to star tracking auction sales prices for a while now.

Post: When is it bulls--t?

Steve SPosted
  • Investor
  • Richmond, VA
  • Posts 31
  • Votes 14

Personally I just assume everyone is trying to rip me off until they prove otherwise.  Trust but verify. 

Post: single net lease investment.

Steve SPosted
  • Investor
  • Richmond, VA
  • Posts 31
  • Votes 14
If a property is listed for sale as a "net lease investment with x years remaining" does this mean the buyer is only purchasing the leasehold improvements and not the underlying land? If this is the case why would a deal of this type with only a few years on the land lease be a value to an investor?

Post: Help on where a dishwasher could go

Steve SPosted
  • Investor
  • Richmond, VA
  • Posts 31
  • Votes 14
Josh has the right idea. Can you eliminate the door next to the sink? If so you can put the dw there.

Post: About to close on a property, but this worries me.

Steve SPosted
  • Investor
  • Richmond, VA
  • Posts 31
  • Votes 14
looks like a joist repair based on the different colored wood. Probably substandard. Without other signs of structural damage I would just ask my contractor for an evaluation. But this is kind of standard fare under toilets and sinks around here.

Ungrounded outlets are not a problem per se if they were installed according to code when built.    However using three prong outlets on an ungrounded circuit without gfci protection is an issue. 
You have two code compliant options in this situation 1.  install the correct two prong  outlets your system was designed for or 2. add gfci protection and label the outlets as such.

  Surge protection is primarily designed to protect from utility issues that originate outside the home and will do nothing to alleviate this issue.

  If you do in fact have the grounded outlets installed ( you most likely do) by advising anyone to install a surge protector you are admitting in writhing that you have a defective electrical system.

  If you have a correctly installed electrical system you are advising your customer of a defect that does not exist.  I don't think it is a good idea to promote the idea that your property is somehow substandard or improperly maintained if this is the case.

  In short determine if you have a compliant system.  If you do you have no further obligation to disclose a defect that does not exist.