Kenny Mercado
Newbie 1031 question
2 January 2023 | 17 replies
No, a ground-up construction project is more like a job in the eyes of the IRS.
Chip Dozier
Indep. City headaches and potentially moving on from property
2 January 2023 | 3 replies
Or fight the city on some ground?
Frank Robinson
Our vacation house hack in the Islands - Montego Bay, Jamaica
14 December 2019 | 5 replies
Although we didn't get in on the ground floor we believe we got a great deal on our lots.
Katherine A Nixon
Company structure for 10-duplex development
4 January 2023 | 4 replies
We’ve decided the first phase of development will be 10 duplexes that we’ll build through GPLLC and hold and manage ourselves.
Ashley Wilson
Outlet Covers are the death of me
19 February 2017 | 39 replies
DO NOT USE THIS TO COVER A TWO PRONG OUTLET.(1) any modern 3-prong plug will not fit because the ground plug is missing(2) anything you do to make a 3-prong plug work is illegal and dangerous as the ground connection is not available.CAVEAT EMPTOR
Tim Shanahan
Realistic Expectations on Profitability and Headache
29 March 2017 | 17 replies
Ready to do my cash out refi.Those deals are found off market, with a ton of hustle, and boots on the ground supervision with an already existing team for the reno.Minimal headaches...no way.
Chris Babcock
Tenant Heat Preferences
24 January 2019 | 11 replies
We have one house with an Oil furnace and it's harder to maintain, let alone dealing with an oil tank buried in the ground and making sure it's filled.We took out the baseboard electric in some of our places and replaced it with pocket electric fan wall heaters by Cadet, their best model, and were quite pleased.
Michael Williams
Interviewing possible commercial lenders
10 December 2022 | 5 replies
This is probably a broader question, but it really relates to some things like the appraisal, you may have to pay $5,000 for an appraisal, $3,000 for the phase I environmental report, $2,000 for an ALTA survey, you may have a nominal application fee: it all depends on your loan size,For commercial investments in industrial in 2022, they're very hot and heavy, so I don't think borrowers have to spend much for upfront fees.Do I get a copy of my lender reports?
Tara Kinney
Investor in Quad Cities, IA
10 October 2016 | 11 replies
I'm actually looking for properties that are between the $100K-$215K range and I've found a few so far on craigslist and the MLS in my price range but as I'm still very early in the selling phase...I haven't pursued those properties yet.Depends on the equity I return from the sales of my current two SFR on how much of a down payment I will have - but somewhere between $40-$60K for a down payment is what I should have.
Danell Lynn
Pascagoula, MS - 1st time investor - property manag. unethical
15 November 2020 | 2 replies
If your property management agreement states that the management company will do certain things within certain time frames and then they do not follow through on those things, it is grounds for cancelling the agreement and depending on what it is, possible grounds for a formal complaint with the licensing authority.