All Forum Posts by: Wale Dada

So does this mean there is also investment potential in San Fransisco, because after losing the Super Bowl demand for housing will plummet?  

You cant really break it down by zip code - a lot of areas it depends on the block.  Val can tell you - travel 2 blocks one way and things can change drastically.  

We dont really have any war zones IMO -- not compared to crapholes like New Orleans, the nastiness of downtown San Diego or some bad places in KC, Las Vegas etc.

Just dont buy in Hilltop, or Planview if you know what's good for you - come visit the city - walk the neighborhoods, drive them etc and you can get a feel - Sunday afternoon Saturday evening you can get a good feel for what is going on in a neighborhood.  Every part of town has it's quirks like some parts you really need to check out the houses foundation/basement as there are heavier clay soils, some are full of meth heads, some at first blush may appear not too attractive but drive around and you'll find lots of older people still living there taking care of their yards, keeping everything up though the racists will say the houses aren't worth anything.   

Just come experience it for a week and dive in.

Living and owning a business in our state Capital - Wichita and Sedgwick county are not perfect but they are run far far better than the corrupt bozos that control Topeka/Shawnee county.  Wichita cares about it's future and what it looks like and has a police dept that will get creative to solve problems such as the homeless and panhandlers -- Topeka/Shawnee county - not so much - they just care about the wealthy zip code and a several block radius around dt where the capital building is.  We look forward to moving back to Wichita or to the desert Southwest in the next few years.  For now Topeka area is where we lay our heads. 

While PG county has some great investment opportunities, I have found that Cecil County has a HUGE need for quality rentals! I have been targeting that area and finding great investment properties for clients.  The court system is also very landlord friendly.   Houses are appreciating quickly and big name companies like Amazon and Great Wolf Lodge are coming.  

We recently bought a duplex where the hardwoods in the upper where very squeeky.  Since we can't access the joists without going through the lower ceiling, we put luxury vinyl planking over the worst part (kitchen) and it probably reduced things by 50% or more.  Interestingly, I noticed it a lot while working on the property, but no potential tenants mentioned it during walk throughs.

@Wale Dada Solid question! Whenever making repairs that don't necessarily have to be done to a rental, you should be thinking if the repair is going to give you good ROI. Do you think replacing the floors will give you more in rent? I personally doubt it will raise the rental price by much, if any. Look at comps in the area, and talk to agents and other investors in your area to find out for sure.

Just my opinion, though! Best of luck.

Leave it! You'd be surprised how many people love the "charm" of a creaking wood floor. 

I have the same problem in my personal residence. I tried a product called "Squeeeek No More". I'll cut to the chase- it didn't work too well. They're screws that are scored near the top. You find the floor joists, pre-drill a pilot hole, and then drive the screw through the hardwood floor, through the subfloor and into the joist. Once it drives into the joist the screw snaps at the score and is buried below the hardwood (you then need to use wood filler to conceal the small hole). In theory it sounded great, but like I said it didn't really work, for me. It could be an issue with the species of hardwood I have, but for about $25 it's worth a try, maybe it'll work for you.