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All Forum Posts by: Will Triplett

Will Triplett has started 9 posts and replied 39 times.

Thank you Timothy. That's the kind of information i was looking for.

Thank you Matthew Crivelli. This helps very much. All I wanted was enough general information to determine if I should put in the time and effort to pursue the refinance. Putting together a package and supplying information to essentially get pre qualified/qualified for a loan takes a lot of time even if you are organized. So why do it if it doesn't make sense to begin with? If the current rates and costs are in the ballpark, then yes, otherwise I will just stay with what I have. 

Can some one point me to where to find information on a straight refinance (no cash out) for a lower interest rate and what the associated closing costs might be. I'm trying to figure out if it would be worthwhile doing the refinance based on the rate and closing costs.

Post: Denver rental properties

Will TriplettPosted
  • San Luis Obispo, CA
  • Posts 40
  • Votes 14

I live in California and bought a property with a rentable basement unit there that works for cash flow. . If you are looking for a realtor try Crag Curelop at the F1 team. 

Post: Rental properties Denver

Will TriplettPosted
  • San Luis Obispo, CA
  • Posts 40
  • Votes 14

If you are looking for a realtor, try Craig Curelop at the F1 Team.

I used to be an HVAC contractor before I became a real estate investor. For the most part, I agree with what Jenni Utz said. For the standard residential system changing the filters regularly and cleaning the condenser/outside unit coil surfaces and fan blade regularly is probably all you need to do. The evaporator/inside coil can get clogged too, but changing the filter regularly eliminates that problem. Restricted air flow across those surfaces increases energy consumption and puts unnecessary stress on the moving parts.

However, A/C systems are sealed systems and should not have to topped up or recharged unless there is a leak. Also, for more modern systems (talking the last 15 -20 years) all have permanently oiled bearings that take a very long time to wear out. Of course, as the years go by, rotating parts should be looked at more frequently. There are other small parts such as relays and capacitors that can and will go out, but those should be replaced as they fail.

Post: Why do realtors work with out of state investors?

Will TriplettPosted
  • San Luis Obispo, CA
  • Posts 40
  • Votes 14

I am an investor, but only have a vague idea about the inner workings of a real estate brokerage. My question is: what are the incentives for a realtor to work with an out of state investor? It seems to me that out of state investors, due to their usually particular requirements and extra support needs, take more time and effort than the typical retail buyer. Yet because an investor is usually interested in low to moderately priced properties which often have physical or title problems, the realtors commission is much lower than for a typical retail sale. So why would a realtor be interested in working with an out of state investor? 

Post: Metropolitan Statistical Area (MSA) job growth data

Will TriplettPosted
  • San Luis Obispo, CA
  • Posts 40
  • Votes 14

Can anyone tell me where I might find employment data for the last ten years by MSA? The Bureau of Labor Statistics website is very opaque and I can't seem to find this kind of historical data there.

Post: Accounting for Escrow/Rainy Day Accounts

Will TriplettPosted
  • San Luis Obispo, CA
  • Posts 40
  • Votes 14

Hello Nicolas,

Do you mean to set up a "pseudo " bank account in QB that you could transfer the money to so that it looks like the money is in a separate account; or do you mean set up an actual physical bank account?

It's on the site of a turnkey operator called Pinnacle Investment Properties run by a gentleman named Mike D'Arrigo. He is located in San Jose, CA, but specializes in Kansas City and Indianapolis. Go to his education section. I think there might be one more video there on the same theme.