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13 September 2016 | 12 replies
If your looking to buy we need to get you set up on an automatic search so the system can start pulling options for you so you will have plenty of options to choose from when it's time to pick a house.
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25 November 2015 | 2 replies
Straight out of high school I served in the military and then spent the past 10 years working in IT.I have finally reached a point where I’m tired of working for the corporate industry on a limited salary while doing nothing for my retirement.For the past year I’ve been watching house flipping shows and decided I wanted to give it a try.Six months ago I bought my first house with a 203k loan that I’m currently living in so I could get some experience.I paid $167,500 for the house and took out $35,000 with the 203k.The house was a probate that had been abandoned for 5 years.Half the house was on a concrete slab that had sunk about 4” in the middle and it was completely outdated.We removed 2 load bearing walls to open up the kitchen, knocked out the back wall, built a new subfloor, and put up a 4 panel sliding glass door to let in some sun light.We installed porcelain tile in the kitchen, stainless steel appliances, new cabinets and quartz counters as well as recessed lighting.We fixed the foundation problems by mudjacking to raise the floors and carpeted the back 3 rooms that sat on top of the slab.As you can imagine we ran through the $35,000 quickly.The 2 bathrooms are still outdated and the house needs new siding.After the renovation we had it reappraised (per the 203k loan agreement) and they said it was worth $215,000.About 3 months after the renovation I attended a 3 day Fortune Builders seminar and come to a realization I probably could have saved about $20,000 if I had systems and processes to follow before I purchased the house.After listening to BP podcasts and hear other people’s experiences I’m quite fortunate I didn’t lose money.This sums up my real estate investing experience.
2 December 2015 | 9 replies
Account Closed - it seems that you have an excessive amount of moisture in the basement... both the buckling wood floor (I assume wood flooring installed over a sleeper system) and the epoxy floor bubbling are indicative of high moisture.
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26 November 2015 | 5 replies
Card operated Laundry - There are card systems available, where tenants load the card at your office or online (requires internet connection, payment gateway).
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1 December 2015 | 14 replies
You could arrange for the sale through a local realtor as a way of helping her.I think the biggest risk is owner financing to an owner occupant who depletes the property's value by not maintaining the capital expenditures (roof, systems etc).
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2 December 2015 | 8 replies
I do have a full time job as a Systems Safety Engineer.
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27 November 2015 | 6 replies
The city provided a honor system of paying taxes on these rentable units and out of the thousands of homes that were given notice only one home/owner landlord complied.
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11 December 2015 | 22 replies
"Your" assets need to be kept distant both from you(r personal possessions) and from each other to minimize losses in the event of a successful lawsuit.
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1 December 2015 | 19 replies
If you want read a real eye-opening book about being a landlord in Massachusetts, read "Legal Tactics: Tenants Rights in Massachusetts" by Annette R.
29 November 2015 | 0 replies
Part of the article from windermere.com dated March 26, 2015:"Senators Dean Heller (R-Nev) and Debbie Stabenow (D-Mich) have introduced a bipartisan bill that would extend the Mortgage Forgiveness Debt Relief Act through 2015 and all of 2016.