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All Forum Posts by: Timothy Cole

Timothy Cole has started 2 posts and replied 15 times.

Post: Albany, NY March REI Event

Timothy ColePosted
  • Investor
  • Watervliet, NY
  • Posts 16
  • Votes 2

I was told this is a monthly thing, is that true?

Post: How do you "harden" your rentals?

Timothy ColePosted
  • Investor
  • Watervliet, NY
  • Posts 16
  • Votes 2
Originally posted by @Roy N.:
Originally posted by @Timothy Cole:

No screen doors, no blinds or curtains, no ceiling fans. LED lights that don't need replacement bulbs (great deal on 2 packs of Commercial Electric fixtures at Home Depot), hardwood floors...

 We use to rent with naked windows, but grew tired of tenants trying to hang their own blinds or curtains ... or using a blanket and push-pins.  We now hang blinds and curtain rods.

 I will strongly recommend tension rods to them as a means to avoid paying out of their security.

Post: How do you "harden" your rentals?

Timothy ColePosted
  • Investor
  • Watervliet, NY
  • Posts 16
  • Votes 2

No screen doors, no blinds or curtains, no ceiling fans. LED lights that don't need replacement bulbs (great deal on 2 packs of Commercial Electric fixtures at Home Depot), hardwood floors...

Post: Extended warranties on mechanicals for rentals

Timothy ColePosted
  • Investor
  • Watervliet, NY
  • Posts 16
  • Votes 2

I've been buying a lot of new appliances and throwing out any extended warranty literature that comes my way. Do other investors purchase these? What about on other mechanicals like water heaters and boilers?

Post: New member from New York's Capital Region

Timothy ColePosted
  • Investor
  • Watervliet, NY
  • Posts 16
  • Votes 2
Originally posted by @Bryce Cutler:

Let me know if you plan to attend and I'll look for you. 

Bryce

Unfortunately I'll be out of town. Hopefully next month!

Post: New member from New York's Capital Region

Timothy ColePosted
  • Investor
  • Watervliet, NY
  • Posts 16
  • Votes 2

Unfortunately I'll be out of town. Hopefully next month!

Post: New member from New York's Capital Region

Timothy ColePosted
  • Investor
  • Watervliet, NY
  • Posts 16
  • Votes 2

Great @Bryce Cutler, I've been looking for an REIA group! Where do you meet?

Post: New member from New York's Capital Region

Timothy ColePosted
  • Investor
  • Watervliet, NY
  • Posts 16
  • Votes 2

Thank you! Already learning a lot here.

Post: Hardwood Floor Refinished. BEAUTIFUL

Timothy ColePosted
  • Investor
  • Watervliet, NY
  • Posts 16
  • Votes 2

For how many SQFT? I'm looking to do 4 units in the next few weeks.

Post: House hacking

Timothy ColePosted
  • Investor
  • Watervliet, NY
  • Posts 16
  • Votes 2

@Alexander Ramos Getting to 80% LTV is going to be accomplished by a combination of two things: the equity pay down you mentioned and also force appreciation by raising rents. Unfortunately I didn't buy significantly below market value but luckily there was a lot of room for rents to grow.