All Forum Posts by: Jon H.

Welcome to BP Catherine, I believe you are spot on with the Tacoma/Puyallup are being a landlord or other investors paradise.  Sounds like you have some experience behind you.  Do you go to meetups?  Maybe we will meet there sometime.  I'm venturing into your market now and would be great to chat!

All the best

@Tony H Truong  Above is the correct address for owners residence.   I know that house LOL.  I just bought one in that neighborhood few blocks over on 128th.   I would recommend deleting your link ASAP.  To get to the tax address from the page your on just click the blue tab "Property Tax Bill".  That will get you to the KC treasuries page and the tax address will be there.  

@Jenifer Levini  Great explanation!  Just what I would've said, except you said it gooder :)

@Jameson Sullivan  It really depends on your unique situation.  More information can make all the difference on whether you should form or not.  Do you have "proof of concept"?  Meaning done a deal or two, have one under contract, or something in the works.  

Maintaining an LLC is equally important as setting one up. An LLC is easy to form anybody can do it. One must maintain it with appropriate paperwork to uphold the veil!

@Julie Marquez Since you're doing stuff yourself. I believe you can quitclaim your own property into LLC pretty easily. If you do change ownership into LLC and have a mortgage it is possible you will initiate the "due on sale" clause.

@Erin K.  Talk with your S.W. rep they will line you up the appropriate products for your region and application.  If you talk with too many reps or vendors you'll end up with a lot of different opinions kind of like here on B.P.  

@Shelly Scruggs  It can be negotiated, however if the short sale has been approved by lender they will stick to that price on the market for a couple weeks before lowering.  Time frames and negotiating price will all depend on which lender the short sale is with. 

@Erin K.  I've used Sherwin Williams product 

Pro-Cryl #6403-22699 Primer 5 gal 

Sher-Cryl #6403-47969 top coat.  5 gal semi-gloss

 It's a good quality water based paint.  Sherwin Williams has a 40% off sale quarterly if you sing up for their promotional e-mails they will notify you.

This product has best results being applied with a sprayer.  Most likely you will get a lower coverage rate of paint/sq ft if the block is porous. 

Most locations have excellent reps to ask any questions.

To paint covered white fingers, best of luck

@Sean Reilly I would need some more details on the murder.  Weapon used, people involved that type of thing.  JK

I would put that in the same category as a seller who was stubborn on price (not worth my time).  There's a lot of deals out there why get caught up on one that could set me back?  Go find more deals and you'll be able to pass up the sketchy ones easier.  

@Sjalin Lathan-Sims I had the same problem , found them available from yellowletters.  I also use lead data bases such as listsource or agentpro 24/7.   Honestly I haven't pulled probate from the last two-not yet anyhow!  Hope that helps.  Skip the county, pay for them to be pulled for you.  It's a lot less hassle:)

 LOL... That was funny

Thanks for taking the time to explain that in depth!

@Account Closed  Just reading the thread here.  As an investor what is the purpose of calculating a cap rate.  Is it to compare properties when purchasing?  Would it be reasonable to use cap rates as market trend, perhaps for demand, or stability?