Damien Hall
Refinish hardwood floors vs install laminate
I want to know which is cheaper... to refinish old hardwood floors or to install laminate flooring. The hardwood floors in the property is in so so condition, no cracks, but it is uneven in some places though. Woul...
Account Closed
Just bought my first rental property - Should I do STR/MTR/LTR?
Just bought my first rental property (1 bedroom condo) in the Walnut Creek, California area (SF Bay Area).I bought it all cash so I don't have any holding costs other than HOA, and property taxes.At this point, I'm no...
Jeff L.
Help me understand some math from "Invest in Debt" by Jim Napier
This is from page 98 in the book.Johnny owes you $10,000 -- interest rate is 10%, payment is $132.15, number of payments is 120.He's going to sell his house so he asks you for a discount if he pays it off now.You agre...
Jerry W.
NEED ADVICE ON FIXING UP A SHORT TERM RENTAL
To all of you who have short term rentals I would appreciate your thoughts and advice on rehabbing a property for a short term rental. I have a duplex where one half has been fixed up and is very clean and nice and I...
Brock Bonnicksen
Tenant clogged sewer 3x in 3 months
I have an issue with a tenant repetitively clogging the sewer, and requiring a plumber to unclog each time. The first two times I hired the plumber and covered the costs. The plumber believes it is an issue with use -...
Candace McCutcheon
Cash or Accrual Accounting?
I have read from several sources that RE investors MUST use the cash accounting method. Our CPA says this is not true. If the state is important, we are in SC. Can anyone confirm this one way or another? To give i...
Charles Hyatt
Cabinet recommendation for middle end rental
1,400 sqft, 3/2, $1,500 rent - Replace kitchen cabinets and countertopMy first quote on cabinets came in at $4,800 (just materials). Believe the manufacturer was Omega and the quality is pretty good, maple with self ...
John Thedford
A $300 Investment Saved Me Thousands Today!
I put a REO SFR house under contract in Cape Coral earlier this week. Today I had a professional home inspector come do a thorough check. He found several areas where water has been seeping in the house for some ti...
Stuart Udis
Don't Dismiss Investment Opportunities Listed on the MLS
I am constantly told by investors, particularly new investors that MLS properties are bad investments and they will only purchase "off market" properties. Here's a few thoughts to think about:1. What exactly is "off m...
Jared Vidales
Houston Insurance INSANE!
Hi All,I just entered the Houston market with the goal of buying long term rentals. I closed something in Missouri City the other day, and the insurance was $3,000! The home was worth about 145k. Im now underwriting a...