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All Forum Posts by: John Vietmeyer

John Vietmeyer has started 27 posts and replied 108 times.

Post: HELOC strategy - downpayment and upgrade

John VietmeyerPosted
  • Investor
  • Johns Island, SC
  • Posts 119
  • Votes 41

What terms are they giving you (i.e. interest and % value)?

It's a great plan, but I've had difficulty finding competitive terms on HELOCs based on my investment properties.  

Post: Patio door - Verticle blinds or curtain rod

John VietmeyerPosted
  • Investor
  • Johns Island, SC
  • Posts 119
  • Votes 41

I need to replace broken vertical blinds in a rental.  Any recommendations of style/vendor?  I was going to replace with new verticals blinds but am now thinking a curtain rod would be cheaper or panel blinds would be more attractive.  Thoughts?

Post: ALE Solutions - Temp. Housing company

John VietmeyerPosted
  • Investor
  • Johns Island, SC
  • Posts 119
  • Votes 41

any more feedback on ALE?   A bit concerning that they won't sign a lease.  

Post: I need a proof of funds

John VietmeyerPosted
  • Investor
  • Johns Island, SC
  • Posts 119
  • Votes 41

401k balance may work.  If ya have it... 

Post: Title insurance terms?

John VietmeyerPosted
  • Investor
  • Johns Island, SC
  • Posts 119
  • Votes 41

We all know the importance of title insurance, but are some policies better than others?   Is it worth researching details in the closing process or just accept what is provided?

I've always received title insurance, but can't remember ever being educated on the terms or provided details on specifically what it covers.  

Post: Did your LLC work for you?

John VietmeyerPosted
  • Investor
  • Johns Island, SC
  • Posts 119
  • Votes 41

roger that, good advice

Still interested in first hand experience if anyone has been sued.  

Tkx

Post: Did your LLC work for you?

John VietmeyerPosted
  • Investor
  • Johns Island, SC
  • Posts 119
  • Votes 41

Does anyone have a first hand example of how a LLC worked, or did not work, for them?

I currently have 3 properties with an umbrella policy and an could contemplatin setting up a LLC moving forward. I actively manage so expect my vail of protection would be thin. tax accountant says no benefit there. Can only get financing in my name.

Interrsted in experience of folks who have actually been sued with an LLC in place.

Post: Auction.com acceptance process

John VietmeyerPosted
  • Investor
  • Johns Island, SC
  • Posts 119
  • Votes 41

I received acceptance today!  Now I just have to clear title insurance and figure out how to insure a house with no appraisal or inspection.  

So far I have to say auction.com has been professional and responsive. 

Post: Auction.com acceptance process

John VietmeyerPosted
  • Investor
  • Johns Island, SC
  • Posts 119
  • Votes 41

I'm still waiting for ratified contract.  Auction.com says they have up to 14 days. 

Went by the house today and found a sign stating that the place was found vacant and to call immediately if occupied.  I'm scared they will reject my offer if determined vacant.  

Hard not to bite the fingernails with these deals. 

Post: Auction.com acceptance process

John VietmeyerPosted
  • Investor
  • Johns Island, SC
  • Posts 119
  • Votes 41

Good feedback.  I'll keep my fingers crossed and report back when I get a response.  

Tkx