All Forum Posts by: Terra Padgett
Terra Padgett has started 14 posts and replied 112 times.
Post: Finish This Sentence…
- Investor
- Houston, Tx
- Posts 113
- Votes 105
Quote from @David M.:
Post: Good investment area in Houston
- Investor
- Houston, Tx
- Posts 113
- Votes 105
Look for properties outside of flood zones and north of i10. Insurance premiums and availability of coverage can get limited and expensive inside of those areas further compressing your cash flow.
Post: Locations for Real Estate investing ideas
- Investor
- Houston, Tx
- Posts 113
- Votes 105
I'd suggest looking into the Alabama and Ohio markets. In particular, Birmingham, Huntsville, Toledo & Akron respectively.
Post: Finish This Sentence…
- Investor
- Houston, Tx
- Posts 113
- Votes 105
Quote from @Stuart Udis:
Is it your money or is it someone else's? If it's your money, is it in a bank account? IRA/retirement account? proceeds from a line of credit/refinance? 1031 Exchange? If the capital came from someone else how is the equity structured? Or is it a loan? Then there's the investor's skill set, time/availability and where they are in their life. I recognize what you presented was a hypothetical but the answer is going to be dependent on the individual and their personal circumstances.
But thanks for your comments.
Post: Finish This Sentence…
- Investor
- Houston, Tx
- Posts 113
- Votes 105
Quote from @Stuart Udis:
Is it your money or is it someone else's? If its your money, is it in a bank account? IRA/retirement account? proceeds from a line of credit/refinance? 1031 Exchange? If the capital came from someone else how is the equity structured? Or is it a loan? Then there's the investor's skill set, time/availability and where they are in their life. I recognize what you presented was a hypothetical but the answer is going to be dependent on the individual and their personal circumstances.
Post: Finish This Sentence…
- Investor
- Houston, Tx
- Posts 113
- Votes 105
If I had $1M to invest in real estate, I would ______.
Post: Buying appliances for rental property
- Investor
- Houston, Tx
- Posts 113
- Votes 105
@Heath D Wallace You're the boss, the owner. You're in charge. If you don't want to remove anything then tell them it comes with the rental. They can store their appliances elsewhere if they'd like. You make the rules and choose what you want to do.
Post: Buying appliances for rental property
- Investor
- Houston, Tx
- Posts 113
- Votes 105
Post: Getting Back Into Real Estate – Need Advice on 401(k) Investing
- Investor
- Houston, Tx
- Posts 113
- Votes 105
@Dmitriy Fomichenko I needed one.
Post: Buying appliances for rental property
- Investor
- Houston, Tx
- Posts 113
- Votes 105
We typically put in refrigerator, dishwasher, stove/oven, but it's not a requirement. I think it does help rent it with those items. However we've began to include in the lease that these items are for convenience only and maintenance and repairs are not the landlords responsibility. One time a prospective tenant said they had their own refrigerator and asked if we could remove ours. So it just depends on if you want to include them or not.