All Forum Posts by: Thomas Hickey

Thanks googled it not much info out there

Hi All, I'm looking into doing an FHA 203 loan on a multifamily in Massachusetts. Someone said that if any lead paint is found in the house the whole house will have to be remediated due to 203 program. Is there any truth to this? Or is is the standard if it's not disclosed you leave it alone deal? Appreciate any insight. Tom

Robert Cook How did you make out with this? Did you end up using the 203 loan ?

The town fire Marshall and building inspector should have a unit count on file. Don't count on legally being able to add any units.

Joe Splitrock True, I suppose just my bias against minivans showing through. Car guy at heart so I've always convinced the SO to buy stuff that I like haha.

Joe Splitrock That could be, I'm just looking at it as more total uses for the family and imo a full size SUV is better. You can't exactly tow a bobcat to your rental property with a minivan.

Joe Splitrock A good alternative to a minivan is a 2007+ Ford Expedition. Interior space is similar but can tow much more and you won't feel out of place driving it lol

Robert V. I agree the way to go is buying something simple, old school tech durable. Everything is serviceable and designed to keep going. Just like my 20 year old 7.3 Ford diesel. Durable cars, annoying little things break but they're easy/ cheap to fix. Everyone here recommending complex vehicles like minivans and Honda CRVs are recommending to you reliable cars. These cars don't have the annoying little things breaking as often, but when things to break they are so expensive/ difficult to fix the cars are basically disposable. Remember the difference between durable and reliable when looking at vehicles. Generally anything RWD based is durable vs. FWD based reliable/ disposable

Best car for a real estate investor is a used crew cab 8 foot bed diesel truck. Nothing it can't do pertaining to property, moving people and gets decent mpg for what it is.

Sell the impala and buy an early 2000s Jeep Grand Cherokee with the 4.0 straight six it's a 300k mile motor.